Post
Topic
Board Goods
Merits 2 from 1 user
Re: Gift Card as Cold Storage
by
coincardgift
on 05/07/2019, 08:21:39 UTC
⭐ Merited by LoyceV (2)
Hello Bitcoiners!

We're Coin Card Gift - the online store with unique Gift Cards as Cold Storage for any Bitcoin wallet.

Our mission is to provide the best way to make a lovely gift of Bitcoin (any amount). We believe it's a unique product to introduce Bitcoin.

The cards don't have attached BTC. They work as Cold Storage.

What has each card:

- Bitcoin address
- QR Code

Backside with a matrix to add the recovery phrase along with the private key (but this can happen only once the card is received - it's a manual process because we do not ask for your private keys).

You can take a look at all the cards by visiting our website:

https://CoinCardGift.com

Please, share your thoughts.

Thank you BTC
What you describe is in no way cold storage. You are describing a process in which you are creating private keys that are associated with the addresses on the cards you are selling. This is a very bad security practice.


That's not the case. The card has a Bitcoin address given by the customer. We do not create a wallet, and we do not keep/ask Bitcoin keys.


Let me explain it further:

You have a wallet with your private keys (we don't ask for them, which is normal) and during the order, you can add a Bitcoin address from your wallet (whatever it is).

For example:

  • You have a Bitcoin wallet from Green Address

    Once you make the order of a card by your choice, there is a field to add the bitcoin address

    Then we generate the QR code (just to fit the card design, and you can always check that it's correct)

    The Card will come only with your Bitcoin address (+QR Code +Custom text if you wish) from your current wallet (like Green Address, Trezor, Ledger)

    Then you can write down the recovery phrase on the Backside of your Card along with the private key. We send each Card with a permanent marker for this purpose.


You can also add a custom wish/text to your Card. These Cards have the idea to introduce Bitcoin to someone else (as a gift), but you can keep it for you.


It's a gift card for wallet by your choice.