Parrot USD wallet
The most secure hardware wallet for your Parrot USD
Expand your crypto assets with confidence. Store your Parrot USD in Tangem.
How to secure your Parrot USD with Tangem?
When you buy or hold Parrot USD 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 Parrot USD 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 Parrot USD 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 Parrot USD (PAI)?
Parrot USD, denoted by PAI, is a part of the innovative Parrot Protocol, a decentralized finance platform operating on the Solana blockchain. PAI is a stablecoin central to this network, which includes a decentralized lending market and a unique virtual automated market maker (vAMM) for margin trading. The aim of Parrot Protocol is to liberate the potential locked within existing DeFi systems, making it readily available and usable.
What is a Parrot USD wallet?
A Parrot USD wallet is a tool designed to manage your private keys, which are crucial for accessing your PAI cryptocurrency. While the wallet itself does not contain the actual PAI tokens, it provides the essential keys for interacting with the blockchain where your PAI funds reside. Essentially, a Parrot USD wallet serves as your interface to handle sending, receiving, and managing your Parrot USD assets comfortably.
How does a Parrot USD wallet work?
Parrot USD wallets utilize a combination of public and private keys to manage your blockchain account. The private key must be kept secret as it grants access to your Parrot USD funds, while the public key is shared to receive PAI. To withdraw your Parrot USD, you need the private key connected to your wallet. Tangem Wallet offers a secure solution by generating and storing these private keys within a specialized chip.
What are the types of Parrot USD wallets?
Exchange Parrot USD Wallets:
Custodial wallets provided by exchanges such as Coinbase, Binance, and Kraken allow buying Parrot USD using traditional currencies. However, storing PAI on these platforms means entrusting your coins to third-party providers.Software Parrot USD Wallets:
Digital wallets installed on various devices enabling you to manage your PAI and private keys. Be aware of security risks like malware, which can compromise your funds. Software wallets can be mobile, desktop, or accessed through a browser.Mobile Parrot USD Wallets:
Applications designed for mobile devices that allow for the management of Parrot USD.Desktop Parrot USD Wallets:
These wallets are installed on personal computers, where your private keys are stored on hard drives or solid-state storage devices.Hardware Parrot USD Wallets:
A more secure option that keeps your PAI offline, safeguarding it against online hacking attempts. Tangem provides hardware wallets as a reliable option.
How to Choose the Best Parrot USD Wallet
Selecting the right Parrot USD wallet depends on your needs—whether it's ease of use, security, or functionality. For those prioritizing protection from online threats and needing to store significant amounts securely, hardware wallets like Tangem are often recommended due to their robust security features.
Parrot USD PAI
Tangem supports other cryptocurrencies
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See all supported cryptosParrot USD FAQ
- You can buy Parrot USD 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 Parrot USD, 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 Parrot USD 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 Parrot USD, install the Tangem app, follow the instructions to set up a cold wallet, and generate a unique address for storing your cryptocurrency.
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