Whether we like it or not, cryptocurrencies like Bitcoin, Ethereum are here to stay. However, one of the main problems we are faced with when it comes to owning such assets, is that they have no physical component attached to them. As a result of this, older people who are used to investing in conventional financial avenues such as bonds, securities find it difficult to switch over to this digital channel.
Additionally, it should be noted that cryptos are susceptible to third party attackers and hackers. In recent months, there have been many reported cases of people losing their alt-coin holdings due to thefts and cases of wallet fraud.
About the Service
In their most basic sense, Cold Storage Coins (CSC) can be thought of as investment tools that allow us to ‘store, protect and preserve’ our cryptocurrency holdings. What makes these coins stand out is the fact that there is no hardware associated with these tokens, and thus there is no way for these coins to lose their intrinsic value. Other key aspects of Cold Storage Coins include
- No issues related to password protection need to be addressed.
- These coins are hack-proof and are made using materials that are completely fire-resistant.
- Since they are made from precious metals such as Gold, Silver, Copper, they can never go out of value (even if the currency itself starts to dip and lose market traction).
More About the Cold Storage Coins
Each Cold Storage Coin features the relevant currency logo on one side and a QR code on the other. This QR code serves as the users wallet address, and can be given to other people as and when the need for a monetary exchange arises.
(ii) Tamper Resistant:
The QR code is imprinted within the coin using a holographic sticker that cannot be altered in any way possible.
(iii) Laser Technology:
All of the inscriptions have been made using laser techniques that allow for a high level of precision.
Why Choose Cold Storage Coins?
Since there are no digital hardware components such as Hard Disks required to operate these tokens, they are immune to issues of external failure.
As mentioned earlier, CSCs are made using metals like copper, silver and gold that are not susceptible to problems related to rusting, corrosion, erosion etc.
As per the official company whitepaper, even after 30% of the QR code has been manually tampered with or destroyed, the coin is still able to serve as a fully functional currency holder as well as exchange platform.
(iv) Offline Usability:
Another highly overlooked aspect of these coins is that they serve as an offline crypto-storage medium, thereby allowing for a high level of privacy and security when it comes to our money.
(v) Investment-Grade Metal:
Another interesting feature of Cold Storage Coins CSC is that they have been created via the use of “999 fine grade” copper, silver and gold. This means that apart from storing digital assets, these coins also possess good intrinsic value of their own.
How Do I Make a Purchase?
To make a purchase, users can go to the official company website and check out the catalogue that is on offer. There are a whole range of coins that are up for sale. The price of these tokens lie anywhere between $20 – $30.
There are many designs, logos that one can choose from. Additionally, if one wants, they can get in touch with company officials to get a special engraving done (this option costs a bit more).
For any additional details or queries regarding these tokens, users can get in touch with helpdesk representatives via Twitter, FB. Alternatively, there is also a live chat function that can be used to initiate a real time conversation with company staff members.