Flexcoin the bitcoin bank announces Cold Storage
September 26, 2011
Flexcoin has announced Cold Storage for bitcoins. It’s a user definable cold storage option so individuals and companies that have bitcoins can send them to a physically turned off computer.
This increases security for the users by automatically forcing a human audit prior to withdrawing their bitcoin, as the machines have to be turned on, and resent back to the users.
This is a first for any Ewallet and allows for online way to keep their bitcoins offline without being tied to a desktop.
Another key reason that individuals find the service appealing is that all coins that sit in cold storage still generate a discount payment. Meaning individuals earn bitcoins on their stored value. Solving the time value of money problem that has plagued bitcoins since inception.
As usual, flexcoin to flexcoin transfers are 100% free.
For more information read flexcoin.com, the bitcoin bank‘s TOS located under the FAQ menu. For information on how Flexcoin Generates discount payments, please read the Fee Schedule also located under the FAQ menu.
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