PsyFi wallet

The most secure hardware wallet for your PsyFi

Elevate your PsyFi security and experience trust. Rely on Tangem, like thousands of users do.

Get PsyFi wallet

How to secure your PsyFi with Tangem?

When you buy or hold PsyFi 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 PsyFi 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 Tangem

Firstly

Get the Tangem Wallet.

Take control of your assets with just one tap. It's perfect for anyone new to crypto and offers a great experience for more experienced users too.

Then

Sync Tangem Wallet with our App.

During the activation process, the card’s embedded chip generates a random private key, ensuring that the wallet cannot be compromised.

Finally

Discover the power of crypto.

Manage crypto with balance tracking, secure transactions, and direct purchases or swaps through Tangem Wallet.

Why choose PsyFi 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 PsyFi (PSY)?

PsyFi, denoted by the ticker PSY, is at the forefront of options protocols, uniquely crafted for the Solana blockchain. Designed for flexibility and composability, PsyFi operates within a fully trustless structure, empowering users to engage in options trading without predefined rules for execution or pricing. This grants traders the liberty to craft their own strategic approaches.

What is a PsyFi wallet?

A PsyFi wallet is a tool pivotal for the management of PSY token private keys, thus facilitating control over your PsyFi account. The wallet doesn't physically store the PSY tokens themselves, as they reside securely on the blockchain. Its core function is the creation and safeguarding of private keys, enabling smooth management of your PsyFi holdings. Essentially, a PsyFi wallet is indispensable for storing, sending, receiving, and handling PSY tokens.

How does a PsyFi wallet work?

Utilizing an advanced system of public and private keys, PsyFi wallets expertly manage blockchain accounts. The critical private key provides access to a specific PSY account and must remain protected, whereas the public key is shareable for receiving PSY tokens. To initiate a transfer, you must use the corresponding private key. Tangem Wallet archives these private keys securely within its chip.

What are the types of PsyFi wallets?

Exchange PsyFi Wallets:
Centralized platforms such as Coinbase, Binance, and Kraken offer PsyFi purchasing options with fiat currencies via custodial wallets. These, however, may present risks such as potential loss of account access.
Software PsyFi Wallets:
Installed on electronic devices, these wallets manage private keys and PSY tokens. Although user-friendly, they can be susceptible to malware or cyber attacks. This category includes mobile, desktop, and browser variants.
Mobile PsyFi Wallets:
Software applications facilitating PSY transactions directly from smartphones.
Desktop PsyFi Wallets:
These store private keys on a computer’s hard drive or SSD.
Hardware PsyFi Wallets:
Secure offline storage options, such as Tangem, providing protection against online threats.

How to Choose the Best PsyFi Wallet

Selecting an optimal wallet hinges on personal requirements, emphasizing ease of use, reliability, durability, and strong security measures. For robust protection against cyber threats and secure storage of substantial funds, a hardware wallet like Tangem is highly recommended.

Learn more about PsyFi

Tangem supports other cryptocurrencies

Reliability and convenience at your fingertips. Manage thousands of cryptocurrencies with peace of mind anywhere and anytime

See all supported cryptos

PsyFi FAQ

You can buy PsyFi 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 PsyFi, 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 PsyFi 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 PsyFi, 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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PsyFi wallet

How to secure your PsyFi with Tangem?