BitVendo Launches 'Nuke Proof' Bitcoin Cold Storage Service
Ireland's first bitcoin ATM operator BitVendo has teamed up with Merrion Vaults - a Dublin-based safe deposit box facility - to offer an "ultra-secure" bitcoin cold storage service. BitVendo is planning to offer three different cold storage packages, starting at €70 per year. The entry-level tier is designed for consumers with less than €5,000 worth of bitcoin holdings. The company told CoinDesk: "Our top package works off 2% of the insured bitcoin holdings. It comes with encrypted phone support, express withdrawal service, private meeting rooms, anti-tiger kidnapping measures and some....
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Cold storage is perhaps the safest way to store your bitcoins (or any other cryptocurrencies) since cold wallets are kept offline. Anyone can send money to a cold wallet, but retrieving funds from cold storage isn't possible without physical access to the wallet, making this storage option a lot safer from online hackers. Many people print their private keys on paper, creating a "paper wallet". However, these types of wallets are susceptible to flooding, fires, ink wearing away, and more. Fortunately, CryoBit has created a more elegant solution - the Cryo Card. CryoBit claims to have....
Toronto-based company Decentral has been rolling out its “7 Days of Jaxx” by introducing a new feature service every day. Now, the company has announced the production of a new cold storage prototype they have built called Ice Cube — no relation to the rapper. Ice Cube Offers ‘Deeper’ Cold Storage. On May 31st, 2016, Decentral CEO and founder Anthony Di....
The world's first insured bitcoin storage service has launched in the UK, with insurance underwritten by Lloyd's of London. Named Elliptic Vault, the service uses advanced "deep cold storage" techniques to secure its customers' bitcoins. Deep cold storage involves the use of both strong encryption and secure physical locations. Tom Robinson, co-founder of Elliptic, which is based in London, said: "Securing your bitcoins involves implementing advanced encryption and even then you are still at risk of losing them. Elliptic Vault secures your bitcoins for you and is insured against theft or....
Heard of Flexcoin? Neither have we. But an alleged theft on March 2nd at this self-described 'bitcoin bank' has sparked conversation in the bitcoin community on Tuesday. All told, about 896 BTC (worth over $600,000 USD) is gone, according to a statement published on the website's homepage. The company claims to be the first bitcoin bank, a supposed 'safe' place for the store of wealth, which many are learning first-hand is not the case. The theft has damaged Flexcoin's operations, and the service will be closing right away: "As Flexcoin does not have the resources, assets, or otherwise to....
Keeping bitcoins safe is one of the most important responsibilities in the world of digital assets. As the price of bitcoin continues to climb, exchanges and wallet providers become more susceptible to theft. The best way to keep your bitcoins safe is storing them yourself offline in what’s called cold storage. Creating Cold Storage Using a Paper Wallet.....