Cash Bitcoins? Yes, bitcoin cash.

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Cash Bitcoins? Yes, bitcoin cash.

Does the title of the article sound like a wretched anecdote? We hasten to surprise: nothing of the kind, storing bitcoin as cash is quite realistic, and this method can be called one of the safest. It is about such wisdom that we will talk about in today's article.

Little little things
Probably, each of you has come across photos of beautiful shiny coins with the bitcoin logo image. Something like this:

And, probably, each of you believed that such things are of exclusively souvenir value and are needed only for juicy photos. But in fact, "bitcoin is a trifle" that has value, really exists.

So, for example, in 2011 American company Casascius Bitcoin Mint has started issuing metal bitcoin coins of various denominations. In fact, these are "offline wallets" made in the form of coins - they have a bitcoin address on them, and the secret key is hidden by a one-time hologram.

Key pairs were created offline, automatically applied to coins, and the original keys were deleted. Any number of bitcoins can be transferred to the coin's bitcoin address according to the usual procedure. Knowing the address, one can easily verify the presence of bitcoins. But you can use them only by opening the secret key. As long as the hologram is intact, you can be sure that no one will be able to transfer them to another address. According to the manufacturer, the hologram was removed on about 9 thousand of the 90 thousand issued coins.

The 1 bitcoin coin is made of brass, diameter 28.6 mm, weight 7 grams; a coin of 25 bitcoins is electroplated with gold, diameter 44.5 mm, thickness - 2.9 mm, weight - 34 grams.

In addition to coins of 1 and 25 bitcoins, denominations of 0.1, 0.5, 5 and 10 bitcoins were issued, as well as gold-plated "bars" in 100, 200, 500 and 1000 bitcoins. The biggest rarity is the all-gold 1000 bitcoin - only 6 pieces were issued. And the most interesting thing is that 3 out of 6 coins, according to the manufacturer, have not been activated.

That is, someone has been holding 1000 cue ball so well since 2011, or just lost their coins, who knows.

Casascius Bitcoin Mint 1 bitcoin
But in 2013, the owners of the company got to know Pavel Durov's best friends - the American Securities Commission, which recognized the company's activities as illegal financial activity. As a matter of fact, from that moment on, Casascius Bitcoin Mint stopped issuing bitcoins.

To date, such a "trifle" is sold at auctions 10 times more expensive than the real face value.

But the story of metal cue balls did not end there: in 2015, the Finnish company Denarium started issuing coins with denominations of 0.1 and 0.01 bitcoins, they are produced in small batches to this day, since Finland is a crypto-friendly state and questions about this has no reason.

Paper cues
The most common cold storage method is the "Paper Wallet". This is a sheet of paper or cardboard, on which a public address and a private key are applied. Well, or other secret data. Depending on the degree of value of information, a paper wallet is hidden between the pages of a book or other secluded place, stored in a safe and even in a safe deposit box. For the accumulation and long-term storage of funds, experienced users recommend using a separate Bitcoin wallet. Because it is not "exposed" in the operations of exchange and sale and purchase, and in general: cutlets separately, and flies separately.

A handicraft version of a wallet can be made in the following way: cut out thick paper of the desired size and shape, write down the data on the inside of the blank by hand, then fold it and seal it with tape.

In fact, this is just a way to keep keys away from prying eyes, but if there is no access to wallets on the devices, then this kind of paper wallet will be the carrier of the cryptocurrency.

But there are also not self-made, but quite brand-name paper wallets.
They offer their solutions for wallets of a certain shape and design. You can generate a new Bitcoin wallet (or rather a public address and key), for example, at PaperWallet.Bitcoin.com ... There is nothing complicated in the process, you just need to move the mouse until the generation of the address and key is completed. The service warns that payment details are generated directly on the user's side, in his browser. That is, the data about the address and the key is not transferred to the service, so there will be no backups and the user should take care of this. Otherwise, "money down the drain" in the literal sense. No one will be able to restore access to this wallet.

After generation, the system will offer to choose a design and replenish the wallet (you can skip). The paper wallet should be printed out immediately. As a result, the user receives a branded paper wallet (Paper Wallet) with a cryptocurrency such as Bitcoin Cash (BCH). The area of the wallet with the private key must be bent and sealed with tape, while leaving the public address open. You can check the balance at Explorer.Bitcoin.com by typing the public address of the wallet in the search field.

Next, the wallet is sent to print and you get this kind of beauty:

QR codes on the banknote help to quickly and conveniently manage the wallet by scanning them.

In fact, paper wallets are a bit of an exotic version of the cold wallets we've already covered. And this storage method is really one of the safest, only if you do not wash your savings.

For example, like this:

A source

 

[Kiril Harchevnikov]

Thanks for reviewing all of this!

 

[Детективное агентство Израиль.]

Then all this loses its meaning, or rather the crypt itself.

 

[Детективное агентство Одесса]

Then all this loses its meaning, or rather the crypt itself.

I completely agree with you, especially now!

 

[Частный детектив Азербайджан]

Then all this loses its meaning, or rather the crypt itself.

It already loses its main meaning.

 

[Частный детектив. Москва.]

Loses its essence.

 

[Частный детектив. Москва.]

It already loses its main meaning.

I completely agree with you