Denarium – Physical Bitcoins Review

Yesterday some Denarium physical Bitcoins came in the mail all the way from Finland.  One of my goals relating to Bitcoin was to obtain some “physical” Bitcoins, which I can now cross of my checklist.  Getting my hands on physical Bitcoins have been somewhat of a challenge.  Until very recently I only knew about one way to get physical Bitcoins, and even they were very hard to get.  At one point they were shut down because the U.S goverment considered them to be an unlicensed money transmitter.  Now it is very easy to get your hands on physical Bitcoins thanks to Prasos Oy, a Finnish company that also runs one of the largest Finnish exchanges.

The Coins

I really love the Denarium coins, the coins are very detailed.  What I like about the design is that it is that there is not too much detail but at the same time not a lot of space.  The coins are pretty light, they are made out of brass.  Brass was chosen because a major factor in the design of Denarium coins are the price.  There are two different coins, which you can buy loaded with Bitcoin or buy an empty coin.  The bigger coin, 1/10 and you can buy it for 38$ and comes with Bitcoins loaded inside.  The other size is 1/100 and you can buy it for 12$ and comes with Bitcoins inside.  If you don’t want to buy the coins with Bitcoins inside them, perhaps  you want to load them yourself ; have no fear you can.  The unloaded versions are cheaper than their loaded counterparts, better for someone who has their own coins already.  The price is very nice, they are not expensive and they look great.  I showed them to a few other people, and they asked me to get them one and because they are not super expensive I definitely will be ordering more.

 

How to access your funds

Step 1

Make your you have already activated yours coins, otherwise the Bitcoins will not be sent to your coins.

Step 2

Next step is to peel off the secure hologram from the back of the coin enter the private key into your wallet of choice.  I used Mycelium for ease of use (they are my wallet of choice).

Step 3

Once the private key is added to your wallet to can spend your money.  If you want to use your coin as a receive only wallet you can, just don’t remove the hologram/don’t lose the private key.

Room for improvement

Not much needs to be said here.  The plastic case holding the coins arrived damaged, no big deal to me but others may care about that (I am assuming it happened in shipping, they did come from Finland after all).  I would love to see a larger variety of physical coins, different sizes and different weights (I like heavier coins for some reason).  Another feature I would like to see, which is tough to think about is a hologram that does not cause the back of the coin to “look” bad.  I know this is a security feature and it worked as it was designed but after removing the hologram one side has residue from the coin left over.

My thoughts

Denarium coins are awesome, I will be ordering more in the future.  It is easy to load the coins with Bitcoin and easy to take them off.  They make a great gift as they don’t cost a  lot yet don’t feel cheap.  Thanks Denarium for sending me these two coins, I’m happy that its easy to buy coins.  Before I never even bothered to purchase physical Bitcoins because they were hard to get your hands on (or at least that’s what I thought).  Another great Bitcoin product to add to my slowly but ever-growing collection.

 

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