Hi guys,
Just wanted to confirm that this coin is authentic. This is one of only 3-4 coins that have been redeemed without their hologram being removed. We did that redemption due to some unusual circumstances. If you buy it and want to fund it just PM me.
Hmm, that does sound like an unusual circumstance indeed! I suppose though that if you were ever ready to use/take the Bitcoin from your nice physical crypto, you would definitely want to do it this way- you just normally don't have the option! Unless you put it together yourself and have a backup, obviously.
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Also, just to clarify- you said the coin had been redeemed without the hologram being removed. Does this mean the private key has been loaded online? Or is the private key still safe cold storage status, and you just sent the BTC to their wallet and not the coin?
Thanks for coming on here to clear things up though; very nice customer service. I'm sure you are aware, but there are already Tons of cheap counterfeit Titan coins floating around the internet. From what I've seen though- the knockoffs have a QR code stamped in the metal, and not a hologram. I guess that means the security/authentic hologram idea & design works.
I have even seen a few being sold on here sadly, but am almost positive it was just someone reselling what they had already bought themselves to make a buck or 2; I.e. not the actual counterfeiter.
P.S. As a proud owner of a Titan coin, I support people redeeming their coins. Proof of funds is always good but mainly the more people who redeem their coins, the more my unredeemed coin will be worth one day.
/Sorry for semi-off topic page long post.
Clarifying the issue of cold storage: Each 2-factor coin we sell has an address that is associated with an encrypted offline wallet. The wallet files are kept on a drive stored in an insured safe deposit box, and backed up in a few other locations. When customers redeem their 2FA coins, we transfer funds to their desired address immediately from one of our hot wallets and then schedule the transfer of BTC out of cold storage for later.
Practically, we very rarely have to visit the bank and pull that drive, but when we do it goes into one of our permanently offline, air-gapped computers. We use armory wallets and sign any transactions using photos of QR codes passed back and forth between hot and cold wallets via a webcam and monitor, to prevent any infected USB keys from ever contacting the computers that have authorization to spend BTC.
Private key coins, of course, are cold storage in and of themselves. Just keep them in a safe and you're good. The system above was implemented specifically for our 2-factor authenticated coins.