Casascius Coin is a physical Bitcoin created by software engineer Mike Caldwell from Utah, United States. It was released in 2011 and quickly became one of the most popular ways to own Bitcoin as a tangible asset.
The Casascius Coin is made up of two parts: an outer layer which contains a tamper-evident hologram, and an inner layer which stores the private key for controlling access to the Bitcoins stored in it. The coin’s design includes a denomination number printed on its face, representing how many units of Bitcoin are loaded inside. The denominations range from 1 BTC all the way up to 1000 BTC.
In order to use your Casascius Coins you first need to scratch off the hologram sticker covering the private key code underneath it; once this has been done you can then enter this code into any compatible wallet or exchange system in order to redeem your coins and begin using them. Due caution should be exercised when scratching off the sticker as if done incorrectly it can damage or destroy your coin without allowing access to its contents; always take special care when handling these coins!
Once redeemed, users have full control over their Casascius Coins just like they would with regular Bitcoins – they are fully transferable and able to be used for purchases or investments with other cryptocurrencies around the world.
It’s important that anyone looking into purchasing and owning Casascius Coins understands that while they provide convenient storage solutions for holding onto large sums of Bitcoin securely offline (also known as ‘cold storage’), they do not offer any additional security measures beyond that which comes with owning ordinary Bitcoins themselves – so buyers must ensure their wallets remain secure at all times by following best practices such as regularly changing their passwords and backing up their data onto multiple devices where possible.
