Redeem physical bitcoins
Peer-to-peer trading platform for collectibles and luxury assets launches first physically-backed NFTs of Casascius coins. The Casascius coin collection offered on the 4K marketplace includes 13 coins of various denominations 0. Produced by Mike Caldwell between and , these coins enable newcomers to the bitcoin community to physically hold bitcoin, which helps overcome mental blocks around the idea of an intangible internet money. Each coin is equipped with a unique private key that is hidden behind a tamper-evident hologram. Prior to 4K offering Casascius coins on their marketplace, prospective buyers would have to search various forums for sellers, ask for references to ensure the seller is legitimate, and either trade in person or send funds ahead of time hoping that the seller will follow through with the trade and that the coin will be authentic.
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Redeem physical bitcoins
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Content:
- Buying Bitcoin Anonymously (More or Less)
- 4K Platform To Offer Over 18 BTC in Rare NFT Casascius Coins
- Ripple makes a contrarian move in the face of the crypto meltdown
- Guide to Redeem BCmint Physical Bitcoin
- Bitcoin falls 9.3% to $36,955
- How to Give Bitcoin as a Christmas Gift
- In Conversation with TGBEX, Company which Create Physical Bitcoin
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Buying Bitcoin Anonymously (More or Less)
Bitcoin Stack Exchange is a question and answer site for Bitcoin crypto-currency enthusiasts. It only takes a minute to sign up. Connect and share knowledge within a single location that is structured and easy to search. These physical coins are supposed to be worth 1 BTC each - they have a hologram and a private key that somehow gives access to a real digital Bitcoin.
The first 8 characters of the public address are on each coin, which allows you to obtain the full address or check the balance at FirstBits or a similar service. Beneath the tamper-evident holographic sticker on each coin is the private address which corresponds to the public address. Once you've obtained both the public and private address, the process for importing this information into an existing wallet has already been documented in this prior question.
Edit: On a side note, it's probably worth noting that this process is almost identical to the process used to redeem BitBills. Edit 2: Apparently these coins use a different private key format than standard. Casascius has published a utility to convert these private keys to standard addresses and more about the "mini private key" format can be found at the wiki.
For those lacking a copy of Visual Studio, I've compiled a copy for your convenience. These keys may also be computed using any calculator or code capable of generating an SHA hash:. Of course that's still in hex and needs to be converted to Bitcoin's modified Base58 but many wallet import tools will accept hex as well.
Edit 3: Just heard from Casascius that we may be able to redeem these coins, as well as any device bearing a mini private key directly at MtGox in the near future. Edit 4: Support has officially been added. This is essentially a compressed way to store a bitcoin private key. Casascius coins small, so the private key is represented by 22 characters printed like this:.
To get the real private key, you just have to calculate the SHA hash of the string. There are many online tools to calculate hashes and most linux distributions can quickly do it from the terminal:. It is now possible to redeem a Casascius private key at MtGox if you have an account there. The full amount of the private key will be added to your MtGox account. Gox as a deposit method. Sign up to join this community. The best answers are voted up and rise to the top. Stack Overflow for Teams — Collaborate and share knowledge with a private group.
Create a free Team What is Teams? Learn more. How can one redeem a Casascius Physical Bitcoin? Ask Question. Asked 10 years, 4 months ago. Active 7 years, 9 months ago. Viewed 15k times. What is the process of claiming this real digital BTC for the physical one?
Improve this question. My head slightly hurts from all the "real virtual vs physical". For the love of humanity, nobody do this. Casascius coins are quite collectible. If you want to redeem your coins, for bitcoins, sell them on eBay or offer them in an "auction" on a site like bitcointalk. Do your research before you cash out. Add a comment. Active Oldest Votes. Edit: On a side note, it's probably worth noting that this process is almost identical to the process used to redeem BitBills Edit 2: Apparently these coins use a different private key format than standard.
Improve this answer. Community Bot 1. David Perry David Perry These coins use the Mini private key format. Are you sure the import method is the same? Hmmm, you may be right about that one. More research is merited. I'll see what I can turn up. Answer should be somewhat more complete now. Can't wait to see what happens in Edit 5.
Also, this first season is going to be hard to top--will season two stick with all the same characters, or try to switch things up a little with some fresh faces? LOL well I usually try not to make so many edits, but the answer to this one keeps changing : — David Perry. Show 1 more comment. I just want to add a few things about the Mini private key format. Stephen Gornick Stephen Gornick What are they Paypal 2.
No reason for fees to be that high given there is absolutely no risk to any processor. With StrongCoin you can always export your private key and make payments another way. Adam Monsen Adam Monsen 2 2 silver badges 7 7 bronze badges. Gox is dead long since; Blockchain doesn't recognize them any more. Sign up or log in Sign up using Google. Sign up using Facebook. Sign up using Email and Password.
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4K Platform To Offer Over 18 BTC in Rare NFT Casascius Coins
Similar to a gift card, Each Titan Bitcoin is a physical coin with a digital currency bitcoins attached to it. What this means for you is that you can get in on the growing bitcoin movement without having to install any software, learn about another technology or pick up any new skills. Click buy and join the bitcoin boom. As an investment, Titan Bitcoins are a very smart choice. This means that its simply impossible for internet criminals to steal the digital currency attached to Titan Bitcoins. For buyers already savvy with digital currency we offer coins with a bitcoin private key underneath the hologram.
Ripple makes a contrarian move in the face of the crypto meltdown
Want to keep updated about BTCE and our other products? Unlike investing directly in Bitcoin, there is no need to engage with the technical challenges of setting up a cryptocurrency wallet to store Bitcoin. Investors only need a cryptocurrency wallet if they wish to redeem BTCE for physical bitcoin. Your units of BTCE are safely held with your broker or bank. Investors can trade with confidence knowing that all market participants are strictly vetted and carefully monitored to prevent market abuse unlike cryptocurrency exchanges, many of which are unregulated. The issuer has partnered with world-class liquidity providers to ensure ample on exchange liquidity and tight spreads. The issuer stores the Bitcoin with BitGo Trust Company, a secure, regulated custodian, purpose built for holding digital assets.
Guide to Redeem BCmint Physical Bitcoin
Reuters - Bitcoin dropped 9. Bitcoin, the world's biggest and best-known cryptocurrency, is up 2. Ether, the coin linked to the ethereum blockchain network, dropped Bitcoin falls 9. Technology 13h ago Apple's stock racks up biggest one-day gain since July
Bitcoin falls 9.3% to $36,955
And, especially with cryptos, the statement fits in completely. But, if I tell you, it is possible to store your bitcoins safely and that too with style. Sounds a little off, Right? Not only they look elegant and luxurious but are also cost-effective to holders of the coin. Available in gold, silver, and other premium metals, they are the nicest looking cold storage wallets in the market. The concept of physical bitcoin is not something new in the market and is in existence since
How to Give Bitcoin as a Christmas Gift
These days, the price of entry into cryptocurrency is usually not just your dollars or euros but also a wealth of personal data. The practice of gathering such data from users, known as know-your-customer, or KYC , has been increasingly adopted by major cryptocurrency platforms as regulators across the world grow concerned about the use of crypto by criminals. Of course, bad actors still find ways to sneak in, as a recent CoinDesk investigation found. On the other hand, some people prefer to minimize sharing sensitive data about themselves, even if they are not involved in any criminal activities. One reason for that can be concerns about their personal data potentially getting stolen or leaked in a hack, like the one that happened to Binance , a top crypto exchange, in
In Conversation with TGBEX, Company which Create Physical Bitcoin
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Bitcoin has had an exciting run, breaking its price record in before settling back down again. Plus, it serves multiple purposes that other investment vehicles can't: it's a store of value and a medium of exchange, on top of being a great way to diversify a portfolio. For these reasons, Bitcoin makes a perfect gift for your loved ones. Paper Wallets are an easy way to gift bitcoins since it's literally printed on physical paper. The paper wallet contains all the relevant information needed for spending the coins. The public and private keys necessary for making bitcoin transactions are printed on the paper wallet.
Brass- and gold-plated physical Bitcoins are now available. Just don't let the FBI know Bitcoins aren't just an abstract financial instrument living somewhere in the digital ether anymore.
Bravo, great idea and timely
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