Post
Topic
Board Currency exchange
Re: paper wallets loaded with 0.01-0.1 bitcoin purchase with credit card or paypal.
by
Maidak
on 19/10/2014, 17:27:55 UTC
so it acts like a prepaid cold storage wallet?

Essentially you can always move the free bitcoin that came on the wallet to a private key of your own. Wink

Or you can continue to use this wallet and private key for future deposits and long term storage.

I think people would be better off doing it themselves, no?

There has to be a large element of trust between you and buyers for this to work.

I actually have quite a bit of substantial trust on this forum between escrow, group buys, crowd funding and 100% transparancy on who I am and what I do. Everyone who has commented on this does not quite understand exactly the entire point of the free bitcoins, paypal, shipped paper wallets I guess...