Lossless wallet
The most secure hardware wallet for your Lossless
Store your Lossless with unparalleled security. Become part of an extensive network of content Tangem users!
How to secure your Lossless with Tangem?
When you buy or hold Lossless in Tangem, it secures your private keys in many ways:
- With the seedless setup and smart backups on extra devices, your Bitcoin is safe and accessible only to you.
- Tangem is IP69K water and dustproof, built to protect against extreme temperatures, EMPs, ESCs, and X-RAYS.
- An access code and biometric authentication protect against unauthorized access.
- Private keys are generated and stored on its EAL6+ CC secure element.
How to get a Lossless Crypto Wallet?
Tangem products are for everyone, from beginners to experts. They keep your crypto safe and easy to manage. With cutting-edge technology, Tangem lets you control and protect your digital assets.
Get TangemWhy choose Lossless wallet with Tangem.
Privacy
No registration and KYC required to use the app. We don't track your data.
Security
Your private keys are encrypted and never leave your device. Only you have control over your funds.
Convenient designs
Choose from a variety of elegant designs, including unique co-branded editions and our innovative ring-form factor wallet, ensuring both style and functionality.
24/7 Customer care
Fast support for your needs. Live chat and email support for customers from all over the globe.
What is Lossless (LSS)?
Lossless (LSS) is a pioneering protocol in the realm of blockchain security, crafted to offer an extra security layer to defend against malicious exploits. It aims to protect projects and their communities from potential financial damage caused by fraudulent activities. This protocol is adaptable, spanning across multiple blockchain networks such as Ethereum, Arbitrum, Polygon, Binance Smart Chain, Avalanche, Fantom, Harmony, Elysium, and Arthera.
What is a Lossless wallet?
A Lossless wallet securely stores the private keys that are necessary for managing your Lossless (LSS) address. While it doesn't contain the Lossless tokens themselves, it ensures your cryptocurrency is safely stored on the blockchain. The primary function of a Lossless wallet is to generate and hold these private keys, enabling you to access and manage your Lossless accounts. In essence, a Lossless wallet is a tool for storing, sending, receiving, and managing your Lossless tokens.
How does a Lossless wallet work?
Lossless wallets operate by utilizing public and private key pairs to oversee blockchain accounts. The private key is the secret credential that gives access to a specific Lossless account and must be kept secure, whereas the public key can be shared to receive Lossless tokens. To retrieve funds, the corresponding private key is required. The Tangem Wallet generates and stores these private keys within its secure chip.
What are the types of Lossless wallets?
Exchange Lossless Wallets:
Platforms like Coinbase, Binance, and Kraken offer custodial wallets for buying Lossless with traditional currencies. However, this might come with risks, such as potential loss of access to your account.Software Lossless Wallets:
These wallets are installed onto your devices, allowing you to manage your Lossless by storing private keys locally. They're user-friendly but susceptible to malware and other cyber threats. They include mobile, desktop, and browser-based wallets.Mobile Lossless Wallets:
Applications enabling management of Lossless on your smartphone.Desktop Lossless Wallets:
Software installed on your computer, storing private keys on your hard drive or SSD.Hardware Lossless Wallets:
Secure offline storage options, like the Tangem Wallet, protecting against online vulnerabilities.
How to Choose the Best Lossless Wallet
Selecting the optimal wallet depends on your personal needs, focusing on factors like simplicity, reliability, and security. For robust protection against online threats and to safely stash substantial crypto amounts, a hardware wallet such as Tangem is highly recommended.
Lossless LSS
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See all supported cryptosLossless FAQ
- You can buy Lossless on major cryptocurrency exchanges like Binance, Coinbase, or Kraken. You can also use P2P platforms or specialized exchange services. For safe storage, it is recommended to use a reliable wallet like Tangem.
- For long-term storage of Lossless, a cold wallet such as Tangem is the best choice, offering a high level of security. For active transactions, a hot wallet is more convenient but less protected from hacking.
- Transfer fees for Lossless depend on the blockchain network load and the exchange or wallet used. Typically, this includes a network fee (gas fee) and possibly additional fees from the platform.
- To create a wallet for Lossless, install the Tangem app, follow the instructions to set up a cold wallet, and generate a unique address for storing your cryptocurrency.
- Who Founded Lossless? Lossless was founded byVygendas Masilionis and Domantas Pelaitisin 2021. The Lossless team comprises engineers, DeFi experts, white-hat hackers, and finance professionals.
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