Many among us have given cryptocurrency-related Christmas gifts to friends, family and loved ones. While paper wallets and mobile applications are a great way to “carry” your digital currency with you, they are not the most secure places to store monetary value. Luckily for us, there are several types of cold storage available. One of these options comes in the form of CryptoVault.
CryptoVault is currently looking for backers to support their crowdfunding campaign on the StartJOIN platform.The team hopes to raise at least US$5,000 by December 31st, which should not be too much of a problem you would think. Oddly enough, this campaign has been running since November 15th, and there are only 7 backers so far. This article will hopefully change that.
CryptoVault Cold Storage Solutions
Cold storage for cryptocurrency has been a topic on the minds of a lot of people since digital currencies started gaining in value. While several big media outlets might still label it as “internet money”, once you get a Bitcoin exchanged to your local fiat currency, and then use that cold hard cash to pay your bills, the story becomes quite different.
CryptoVault has come up with an interesting solution, which is more secure than a paper wallet or a mobile application. By creating a copper/nickel alloy coin with the CryptoVault logo on the front, and a rectangular recession fit on the back which can hold your printed private key, funds are stored in a safe and secure manner.
In order to make things even more secure, the piece of paper used to print your private and/or public keys on is fire-resistant. This piece of paper is then to be folded up and placed into the recession in the back of the coin. Furthermore, a heat and water resistant adhesive label will be included, which will secure the paper to the coin.
Every kit ordered, whether it is the US$35 or US$65 one, will include two coins , one sheet of fire resistant paper and two heat/water resistant labels. By storing each coin in a separate location, users are protecting themselves against loss due to natural disasters or theft. Each and every coin is individually numbered, and no two coins produced will ever feel or look the same. Not only is this a great solution to cold storage, but it also makes these coins very collectible.
Supporting Any And All Cryptocurrencies
Most people would use CryptoVault to store their Bitcoins, which is an excellent way to protect your “internet money” from harm. However, the CryptoVault cold storage solution can be used for any cryptocurrency in existence, such as Dogecoin, Litecoin, Darkcoin or any other digital currency you have in your possession.
You can find out more information about CryptoVault here :