What is the Titan Physical Bitcoin?

With extensive experience as an electrical/software/coding engineer along with having a diverse financial background, Thomas Wettermann’s areas of interest include Machine Learning (ML), artificial intelligence (AI), and Financial Technology (FinTech). For the past few years, Thomas Wettermann has focused on the underlying technologies that support and promote all phases of cryptocurrency, Web 3.0, and metaverse ecosystems.

What Are the Different Types of Physical Bitcoins?

There are many different types of physical bitcoins. According to the Encyclopedia of Physical Bitcoins and Crypto-Currencies, there are about 60 manufacturers and providers of physical crypto-currencies, many of which manufacture or supply physical Bitcoins.

Titan Bitcoin

In 2014, Titan Bitcoin began offering a Titan One Gold coin containing 1 troy ounce of 24-karat gold that was prefunded with one Bitcoin. Titan also offered other coins having denominations ranging from 0.5 BTC to 1 BTC.

A 1 BTC Titan coin (Source: titanbtc.com)

Much like the Casascius physical Bitcoin, each Titan coin contained an 8-digit unique identification code along with a private key hidden underneath a security hologram. Titan also offered a website where coin owners could enter their 8-digit unique identification code to query the current value of the coin in real-time.

The Titan Bitcoin value verification interface (Source: titanbtc.com/verify/)

Verification allowed for a quick determination of the value of the coin without removing the security hologram. This feature prevented someone from purchasing a pre-funded coin that had been tampered with or that no longer had any Bitcoin value. Similar to the Casascius coins, to redeem the embedded value of a Titan Bitcoin, you had to peel off the security hologram to access the code. Peeling off the hologram would make it evident that the coin had been tampered with.

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Trading digital financial assets such as cryptocurrencies can carry a high level of risk, and may not be suitable for all investors. Before deciding to invest, purchase, and/or trade cryptocurrency you should carefully consider your investment objectives, experience level, adversity to risk, and volatilities. The possibility exists that you may sustain a loss of some or all of your initial investment; therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency trading, and seek advice from a qualified and independent financial advisor.

All the views expressed on this site are those of Thomas Wettermann and do not represent the opinions of any entity with which Thomas Wettermann has been, is currently, or will be affiliated.