Position wallet
The most secure hardware wallet for your Position
Own your Position journey with Tangem. Experience the assurance that thousands of users rely on for asset safety.
How to secure your Position with Tangem?
When you buy or hold Position 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 Position 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 Position 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 Position (POSI)?
Position Exchange is a decentralized finance (DeFi) trading platform that operates predominantly on the Binance Smart Chain. It aims to make the world of cryptocurrency trading more accessible and straightforward by facilitating on-chain derivatives trading. With Position Exchange, users can engage in crypto derivatives trading in a secure, transparent, and decentralized manner, providing a higher level of privacy.
What is a Position wallet?
A Position wallet functions as a secure storage for private keys, essential for managing your Position address. It doesn't physically store Position itself; rather, it provides access to your cryptocurrency directly on the blockchain. The primary task of a Position wallet is to generate and keep these private keys safe, hence enabling you to manage your Position accounts. In essence, it serves as a gateway to send, receive, and safeguard your Position cryptocurrency.
How does a Position wallet work?
Position wallets operate using a system of public and private key pairs for managing blockchain accounts. Your private key is crucial as it allows access to a specific Position account and must be kept confidential. Public keys, on the other hand, can be shared to receive Position. To transfer Position, the associated private key is necessary. Tangem Wallet, for instance, generates and securely stores these private keys within its chip, ensuring your Position holdings remain protected.
What are the types of Position wallets?
Exchange Position Wallets:
Centralized exchanges like Binance provide custodial wallets for buying Position with traditional money. However, account access can be vulnerable if the platform is compromised.Software Position Wallets:
These wallets are digital applications on mobile or desktop where private keys and Position are managed. They offer ease of use but are susceptible to malware.Mobile Position Wallets:
Smartphone apps that facilitate easy management of Position on the go.Desktop Position Wallets:
Installed on personal computers, maintaining private keys on the hard drive.Hardware Position Wallets:
Tangem and other devices provide robust offline storage, safeguarding against digital threats.
How to Choose the Best Position Wallet
Determining the best wallet depends on your specific needs, with key considerations being user-friendliness, dependability, long-term support, and robustness in security. For securely storing significant quantities of Position and shielding against digital threats, a hardware wallet like Tangem would be a prudent choice.
Position POSI
Tangem supports other cryptocurrencies
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See all supported cryptosPosition FAQ
- You can buy Position 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 Position, 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 Position 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 Position, install the Tangem app, follow the instructions to set up a cold wallet, and generate a unique address for storing your cryptocurrency.
- The POSI token,Position Exchange's native utility token, plays a pivotal role in the ecosystem. Unlike tokens issued by other platforms, POSI is designed with a deflationary mechanism where fees and revenues generated by the protocol are redistributed to POSI holders through a buy-back and burn process.
- They are created on blockchain platforms and are used for a variety of purposes, such asgranting access to specific goods or services, representing shares in a project, or as an incentive for users to participate in a particular ecosystem.
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