Param wallet
The most secure hardware wallet for your Param
Guard your Param with Tangem, the choice of a large network of crypto owners!
How to secure your Param with Tangem?
When you buy or hold Param 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 Param 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 Param wallet with Tangem.
What is Param (PARAM)?
Param Token (PARAM) emerges as the pivotal utility token powering a modular and interconnected Web3 gaming ecosystem crafted by Param Labs. PARAM plays a vital role in governance, sharing ecosystem revenue, and providing substantial utility throughout the network. The token is engineered to bolster and enrich the ecosystem's value in a sustainable manner.
What is a Param wallet?
A Param wallet is designed to store your private keys, allowing you to manage your PARAM address effectively. Although the wallet itself doesn't contain your PARAM, as these reside on the blockchain, its primary function is to create and secure private keys, enabling seamless access to your PARAM holdings. In concise terms, a Param wallet is your gateway to storing, sending, receiving, and managing your PARAM transactions.
How does a Param wallet work?
Param wallets employ a system of public and private keys for blockchain account management. While the private key must be kept secret to safeguard your PARAM account, the public key can be shared freely to receive PARAM. Any withdrawal requires the correct private key. Tangem Wallet, for instance, is a device that generates and secures these private keys within its sophisticated chip.
What are the types of Param wallets?
Exchange Param Wallets:
Centralized platforms such as Coinbase, Binance, and Kraken facilitate trading and storing PARAM using custodial wallets. However, this option carries the risk of losing account access.Software Param Wallets:
These wallets are applications installed on various devices, enabling management of private keys and PARAM. They are user-friendly but prone to malware and hacking threats. Variants include mobile, desktop, and browser wallets.Mobile Param Wallets:
Specifically designed apps for managing PARAM on your mobile devices.Desktop Param Wallets:
Installed on personal computers, these store private keys directly on hard drives or SSDs.Hardware Param Wallets:
Offline devices like Tangem safeguard PARAM from online vulnerabilities.
How to Choose the Best Param Wallet
Selecting the most suitable wallet revolves around personal preferences, emphasizing ease of use, reliability, durability, and optimal security. To ensure robust protection against digital threats and store large PARAM volumes securely, a hardware wallet like Tangem is recommended.
Tangem supports other cryptocurrencies
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See all supported cryptosParam FAQ
- The best wallet for PARAM is one that keeps your keys safe while staying easy to use. Tangem Wallet delivers both security and convenience in one solution.
- Software wallets for Param are often free, but hardware wallets usually require a one-time purchase. Sending transactions may involve network fees.
- Online wallets can be targeted by malware, phishing, or remote attacks. The best wallets for Paramminimize these risks by ensuring your private keys never come into contact with the internet, remaining protected within a secure element.
- A Param wallet is a tool that lets you store, send, and receive your digital assets. It manages your private keys, which prove ownership of your PARAM.
- This Param (PARAM) iscurrently not available on Binance for purchase or trade. Stay updated about newly listed cryptocurrencies and refer to our How to Buy Coins guides for tokens available on Binance.
- Param (PARAM) isa cryptocurrency that powers a modular gaming ecosystem developed by Param Labs. This ecosystem includes independent games like Kiraverse and developer tools such as PixelToPoly, all built on a dedicated Layer 2 blockchain for enhanced scalability.