First things first, I'm posting this from the https://pimp.media/ front end. Does anyone else use this? Feels like the olden days but I'm doing it!
Well, well, well, what do we have here...
BTC Cold Storage Copper Coin
I recently picked up this .999 fine copper cold storage wallet for Bitcoin. I'm excited to use it and I'm going to go through it with you in case you happen to have one or are thinking of getting one.
Public Service Announcement
Before going any further there is one IMPORTANT thing to remember about physical cold storage wallets (paper/metal). You can add to them as many times as you like, but they are a ONE TIME SPEND/SEND.
Once you use the private key to spend/send your BTC, that key has been exposed to the web and should be considered compromised.
"So wtf should I do when I want to use it!?"
Swipe the entire balance to a hot wallet or, better yet, to a hardware cold wallet, like a Trezor or Ledger, then use it from there :D
Specs
This particular coin is made by a company called Cold Storage Coins and minted by Rearden Metals in Singapore. It's 1 troy ounce of .999 fine copper.
From the coldstoragecoins.com website...
They have an app that they want you to use but it is not needed and I am not using it. It has terrible reviews and is really not necessary.
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The public key is on a QR code sticker on the back of the coin. The private key is under the sticker, engraved in QR and full alpha-numeric form.
1CtH5e9PHhv7DVrMKDfdeosdyuWR6QNSsK
That's this coin's public key, feel free to send any amount of BTC, it will be #SAFU XD
Transfer
I have an Atomic Wallet with a bit of BTC so I'll use that.
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You can use any BTC block explorer to check your balance.
Wrap Up
And that is that, easy as 1,2,3...
- Scan
- Send
- Moon ;)
Hope this makes it easy to use your new cold storage wallet! Have a PIMP'n day friends and neighbors.