What is Physical Bitcoin

What is Physical Bitcoin?

A Bitcoin physical coin is a metal or plastic coin bearing the Bitcoin logo. Some may be made of gold, silver, brass, or another metal, possibly adding to their value. Others may be made of plastic or used a metal plating over a less valuable material. In both cases, a physical bitcoin often looks and feels like a real coin.
What is Physical Bitcoin
Cold Storage

The Use Case of Physical Bitcoin

Cold Storage

Ballet Physical Bitcoin provides a secure offline storage solution for bitcoin, protected from online cybersecurity threats.
Cold Storage

Bitcoin Gifting

Ballet Physical Bitcoin makes for a unique gift with universal appeal that is suitable for almost any occasion, especially as an educational gift for introducing new users to the world of cryptocurrency.
Bitcoin Gifting
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Physical Bitcoin

What is Ballet?

Ballet is a US company that makes a variety of cryptocurrency cold storage products.
Ballet is backed by institutional investors and registered with
FinCEN (Financial Crimes Enforcement Network).
Physical Bitcoin

Testimonial

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It's also idiot-proof, because you don't have to worry about anything. I don't know of an easier way to purchase Bitcoin in cold storage than the Ballet Physical Bitcoin.
Rex Kneisley
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...especially if you're a newcomer, this cuts out the whole centralized exchange process that you would normally have to go through.
Miss Teen Crypto
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Ballet Crypto App

Ballet Crypto App

The digital interface for your Physical Bitcoin.

Ballet Crypto is the digital interface to interact with your Physical Bitcoin. The app allows you to monitor your bitcoin on the blockchain, see its real-time dollar value, and transfer the bitcoin to another wallet address.
Ballet Crypto App
Download at:
app.ballet.com

Product Diagram -
Backside

Cards

product_diagram
product_diagramBitcoin Address
product_diagramPrivate Key Entropy
product_diagramPassphrase Entropy

Coins

product_diagram
product_diagramBitcoin Address
product_diagramPrivate Key Entropy
product_diagramCoin Info QR Code
product_diagramPassphrase Entropy

Frequently Asked Questions

Why can I only buy Physical Bitcoin from the 25 supported U.S. states/jurisdictions?

Due to US government regulatory limitations, Ballet is currently allowed to sell Physical Bitcoin to some states/jurisdictions of the United States (see detailed list here).

Unfortunately, we cannot sell or ship Physical Bitcoin to residents of other states/jurisdictions or countries/regions at this time.

Why is ACH payment currently unavailable?

ACH transfers are temporarily unavailable as our payment processor transitions to a new backend provider for ACH payments, likely by the end of June. Payment by debit card is still available.

If you would like to be notified when ACH payments resume, please email support@ballet.com with the subject “ACH payment” and we will send a reply when functionality is restored.

How do I view the bitcoin stored on the Physical Bitcoin?

Open the Ballet Crypto app and scan the card’s or coin’s QR code to view information about the bitcoin stored on the product.

For the coins, you can also use your phone camera to scan its QR code, which will direct you to a webpage that displays the coin’s information.

How do I send bitcoin from the Physical Bitcoin to an exchange or wallet?

Use the Ballet Crypto app and follow a few simple steps to send bitcoin from your Physical Bitcoin to any other bitcoin address.

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How can I transfer bitcoin off of a Physical Bitcoin (card/coin)?

You can transfer bitcoin off of a Physical Bitcoin by using the Ballet Crypto app. Simply select your card or coin in the app (add your card to the app if you haven’t already), tap “Send”, enter the amount you want to send and the destination bitcoin address of your choice, complete the security steps (enter passphrase entropy and scan private key entropy), and then finalize the transaction.

You can also transfer bitcoin off a Physical Bitcoin using any crypto wallet that supports BIP38 two-factor private keys.

Why is the price of Ballet Physical Bitcoin higher than the price of BTC on an exchange?

Ballet Physical Bitcoin provides value to users beyond just the value of the BTC stored on them. The price includes the value of the physical steel card or coin itself, which is a highly secure, durable, offline cold storage device. The price also includes the Bitcoin network transaction fee paid to load BTC onto the cards or coins and the crypto exchange transaction fee paid by Ballet to acquire the BTC.

How do I sell the bitcoin stored on the Physical Bitcoin?

Ballet does not support fiat currency withdrawals, so you will need to use a cryptocurrency exchange in your country to sell the bitcoin stored on your Physical Bitcoin.

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Can Ballet access the bitcoin stored on the Physical Bitcoin?

No. Ballet only produces non-custodial crypto storage products, which means that we never have access to our users’ assets. The recipient of a new Ballet Physical Bitcoin, will have full, exclusive control of the bitcoin stored on the card or coin. Neither Ballet nor any other third party will ever be able to digitally confiscate or freeze the bitcoin stored on the card or coin.

Can Ballet Physical Bitcoin be used for shopping?

No. Ballet Physical Bitcoin does not have any electronic components, and they cannot be used to make digital payments (neither fiat nor bitcoin). They were designed as a way to safely and easily store bitcoin for the long term, not as a tool for ordinary day-to-day shopping.

Can I refill my Ballet Physical Bitcoin?

Technically, yes, you can add any amount of bitcoin to the address of your Physical Bitcoin as many times as you want. However, we advise against it in order to prevent confusion. Ballet Physical Bitcoins were designed to hold the exact same amount of bitcoin as the denomination shows, so that people will have an easier time managing and keeping track of their physical bitcoin portfolio.

Does Ballet conduct KYC and why is KYC needed?

Yes, if you are ordering Physical Bitcoin, Ballet may conduct KYC (Know Your Customer) to comply with regulatory requirements to inhibit activities like fraud, money laundering, and terrorist financing.

Backed by Institutional Investors

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