If it is just a normal physical coin without a sticker on the back it is not a Casascius coin and it doesn't have a value you can just keep it as a collection.
However, if it is a casascius coin like others said above you can redeem it through the guide already posted above but I suggest it would be better to redeem it after the block halving.
Topic: Physical bitcoin - page 2. (Read 261 times)
Well First and foremost, welcome to the world of Bitcoin and cryptocurrency at large. And I guess it's my first time hearing about the physical Bitcoin. I barley had any idea of what it is, not until now. From my research, the physical Bitcoin is a like a representative of Bitcoin and usually holds within it a private key which will give you access to the Bitcoins. Here's a quote of Bitmaxz from a similar thread. Hope it will help you a long way too.
You can redeem the BTC from your physical coin you just need to peel out the sticker on the back to find the private key.
You can use it to redeem your BTC and other fork coins but you should make sure to transfer BTC first before you import the private key to the different wallets to take other fork coins.
Watch this video guide on redeeming BTC from the physical coin.
- https://www.youtube.com/watch?v=y1yydfYJFwA
Also, I suggest you redeem the fork coins one by one and don't forget to start on major fork coins to redeem like BCH before you redeem the other fork coins.
If you want to take your fork coins on the single wallet I think you can use coinomi wallet. Look at this guide below.
- Claiming your forked coins
You can use it to redeem your BTC and other fork coins but you should make sure to transfer BTC first before you import the private key to the different wallets to take other fork coins.
Watch this video guide on redeeming BTC from the physical coin.
- https://www.youtube.com/watch?v=y1yydfYJFwA
Also, I suggest you redeem the fork coins one by one and don't forget to start on major fork coins to redeem like BCH before you redeem the other fork coins.
If you want to take your fork coins on the single wallet I think you can use coinomi wallet. Look at this guide below.
- Claiming your forked coins
Ignore the couple of messages you might be getting now offering to help you with the physical butccoin you have.
Did someone just give you what they called a "physical Bitcoin" and did not offer any advice on how you can use it?
If it's a coin with a private key or seedphrase engraved on it, you will need to import that to a wallet and sweep whatever is on it, cause you cannot be certain if that wallet is already compromised.
Did someone just give you what they called a "physical Bitcoin" and did not offer any advice on how you can use it?
If it's a coin with a private key or seedphrase engraved on it, you will need to import that to a wallet and sweep whatever is on it, cause you cannot be certain if that wallet is already compromised.
What do you mean by a physical bitcoin? Do you own a Casascius coin?
If so, you should own a private key which can be used for unlocking your bitcoin in the blockchain and spending your fund.
If so, you should own a private key which can be used for unlocking your bitcoin in the blockchain and spending your fund.
I have been given a physical bitcoin. I am COMPLETELY BRAND NEW to this cryptocurrency thing. What is it exactly that I am in possession of,by holding this coin?
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