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Topic: How do you redeem the bitcoin from a casacius coin? (Read 290 times)

hero member
Activity: 679
Merit: 526
1) Download Bitcoin Core and sync it https://bitcoin.org/en/bitcoin-core/

2) Download the source for bitaddress.org https://github.com/pointbiz/bitaddress.org

3) Use bitaddress.org source to decompress the private key under "Wallet Details"

4) Use Bitcoin Core command line to importprivkey

5) Spend

legendary
Activity: 3206
Merit: 3596
I appreciate all the comments. It's a lot to think about. I am leaning towards auctioning it funded. But that isn't simple. I assume I need an escrow and then after receiving agreed payment, escrow transfers the safe deposit box into the buyer's name. Then the buyer is responsible for delivery. If not local, then what? Anyone here done a transaction worth >1 BTC in the last few months?

There are couriers that can do this for you.
An in-person meeting is always an option also....someplace like a police station
full member
Activity: 1298
Merit: 176
Krogothmanhattan alt account
If you plan on selling here...read...https://bitcointalksearch.org/topic/--5277761

If your planning to sweep...read https://bitcointalksearch.org/topic/m.55941150

  I don't like using any hot wallet to sweep anything above $1000 in btc...so once you get your BTC off safely and it's confirmed at your receiving end ..then use other s such as coinomi or ballet for the shit coins
newbie
Activity: 5
Merit: 0
I appreciate all the comments. It's a lot to think about. I am leaning towards auctioning it funded. But that isn't simple. I assume I need an escrow and then after receiving agreed payment, escrow transfers the safe deposit box into the buyer's name. Then the buyer is responsible for delivery. If not local, then what? Anyone here done a transaction worth >1 BTC in the last few months?
copper member
Activity: 1098
Merit: 459
Eclipse™ Experimental Cryptographic Technology
At this point no one should ever peel a Casacius ever again. Sell funded

The value of Casascius Coins has gotten to the point where I wouldn't even want to carry them out of a bank.  I've been wanting to sell a 0.5 Casascius coin for a while now but it feels crazy to even have that amount in your possession on a physical coin.  So crazy when you think that the original ones were given away by the thousands.  I wonder how many of those bad boys are buried under some dirt at various festival locations around the country...  Back to your comment, HOW would you sell a funded Casascius coin?

As for the thread topic, Electrum.  Free, fast, and simple.

Anyone want to go on a road-trip and get the medal detectors out?
copper member
Activity: 1075
Merit: 442
At this point no one should ever peel a Casacius ever again. Sell funded

The value of Casascius Coins has gotten to the point where I wouldn't even want to carry them out of a bank.  I've been wanting to sell a 0.5 Casascius coin for a while now but it feels crazy to even have that amount in your possession on a physical coin.  So crazy when you think that the original ones were given away by the thousands.  I wonder how many of those bad boys are buried under some dirt at various festival locations around the country...  Back to your comment, HOW would you sell a funded Casascius coin?

As for the thread topic, Electrum.  Free, fast, and simple.
I can see the vision. A world where people are beating down your door to buy your Casacius. Multiple bidders driving the price through the roof. Its coming. Just have to be patient. Physical bitcoins will be the most highly sought after collectables on the planet.
copper member
Activity: 1075
Merit: 442
At this point no one should ever peel a Casacius ever again. Sell funded

This discussion has been had many times over. There are good arguments on both sides.
At this stage of the game in 2021, with price of BTC at 60k, whats the argument for peeling a casacius? Unless you need the money today what other reason would there be?

If you have a funded 25btc or even a funded 100 btc bar you won't get much of a premium.  If you want access to 100 btc it can be as easy as redeeming the bar.  Is getting 1-5% over spot worth the possible risk?  That's the risk people weigh and some feel it's not worth the Hassle.
I get it. If your trying to sell a 100 BTC coin for 6 million there's a lot of risk for getting taken. It is hard to find buyers right now. But, they are out there. Tons of people who are willing to buy these at a premium. The problem is there's no organized safe place to sell them. But as time goes on that will change. I suspect as time goes on these will be selling at double, maybe triple funded value. Just have to patient if you can, and wait for the market to evolve. Every time someone peels their Casacius they just increase the rarity and price of everyone else's coin. I dont own any Casacius, I missed the bus. I would be tempted to peel as well if I had 6 million sitting on a coin. Be patient if you can, never peel, the flood gates of fortune are coming.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
At this point no one should ever peel a Casacius ever again. Sell funded

The value of Casascius Coins has gotten to the point where I wouldn't even want to carry them out of a bank.  I've been wanting to sell a 0.5 Casascius coin for a while now but it feels crazy to even have that amount in your possession on a physical coin.  So crazy when you think that the original ones were given away by the thousands.  I wonder how many of those bad boys are buried under some dirt at various festival locations around the country...  Back to your comment, HOW would you sell a funded Casascius coin?

As for the thread topic, Electrum.  Free, fast, and simple.
legendary
Activity: 3752
Merit: 1415
At this point no one should ever peel a Casacius ever again. Sell funded

This discussion has been had many times over. There are good arguments on both sides.
At this stage of the game in 2021, with price of BTC at 60k, whats the argument for peeling a casacius? Unless you need the money today what other reason would there be?

If you have a funded 25btc or even a funded 100 btc bar you won't get much of a premium.  If you want access to 100 btc it can be as easy as redeeming the bar.  Is getting 1-5% over spot worth the possible risk?  That's the risk people weigh and some feel it's not worth the Hassle.
full member
Activity: 1817
Merit: 193
X/Twitter @MarkD_509 ; Facebook: @509bitcointrader
At this point no one should ever peel a Casacius ever again. Sell funded

This discussion has been had many times over. There are good arguments on both sides.
At this stage of the game in 2021, with price of BTC at 60k, whats the argument for peeling a casacius? Unless you need the money today what other reason would there be?
Agree with Blue here. As the price of BTC hit north of 50k, there aren’t a lot of regular Joe’s out there able to afford to purchase a Cas. The last few listed for sale have stale responses while you can’t even find denoms of .01 or lower any longer. To each his own!
copper member
Activity: 1075
Merit: 442
At this point no one should ever peel a Casacius ever again. Sell funded

This discussion has been had many times over. There are good arguments on both sides.
At this stage of the game in 2021, with price of BTC at 60k, whats the argument for peeling a casacius? Unless you need the money today what other reason would there be?
copper member
Activity: 544
Merit: 215
At this point no one should ever peel a Casacius ever again. Sell funded

This discussion has been had many times over. There are good arguments on both sides.
copper member
Activity: 1075
Merit: 442
At this point no one should ever peel a Casacius ever again. Sell funded
legendary
Activity: 2254
Merit: 2419
EIN: 82-3893490
The core wallet should work just as well

- edit - really any wallet capable of importing a private key would work - just make sure you use a non-custodial service.
legendary
Activity: 2086
Merit: 1321
Bitcoin needs you!
Here’s a good thread - which should show you how it’s done

https://bitcointalksearch.org/topic/--5274279

Personally, I’ve never done it , but good luck
copper member
Activity: 544
Merit: 215
I use Ballet’s ‘Sweep’ function. If you don’t have one already, they are very inexpensive.

Coinomi Wallet app also works, but I trust Ballet more due to the hardware wallet association. I’ve used both with success.
newbie
Activity: 5
Merit: 0
I see many users in this forum trading loaded and redeemed casacius coins. Can someone who has recently redeemed a coin share information about how to do it? Is Armory the only client that can take codes found on the coin and locate and load the associated BTC from the blockchain into my wallet? Thank you for advice.
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