Sentences with phrase «safekeep bitcoins»
A financial product of Grayscale, which is owned by Digital Currency Group, GBTC is meant to track the bitcoin market price on behalf of investors, who then don't have to buy and safekeep bitcoins for themselves.
https://bitcoinmagazine.com/
Other DMBA ETPs may use custodians other than the [Trustee] to safekeep Bitcoins.
«Security System» — The proprietary hardware and software security system used by the Trust to safekeep the Bitcoins held in the Trust Custody Account.
It enables investors to gain exposure to the price movement of bitcoin without the challenges of buying, storing, and safekeeping bitcoins.
Not exact matches
The Sponsor has, in consultation with security consultants, developed the Security System and the security protocols for safekeeping of the Trust's Bitcoins.
Some errors in the Security System may only be discovered after a failure in the system's safekeeping and storage of the Trust's Bitcoins, which could result in the theft, loss or damage of the Trust's assets.
The Sponsor believes that investors will be able to more effectively implement strategic and tactical asset allocation strategies that use Bitcoins by using the Shares instead of directly purchasing and holding Bitcoins, and for many investors, transaction costs related to the Shares will be lower than those associated with the direct purchase, storage and safekeeping of Bitcoins.
The Sponsor has developed a proprietary security protocol for storing and safekeeping the Trust's Bitcoins using the Security System and storage protocols developed for the Trust.
The BIT addresses the confusing and cumbersome experience of buying, storing and safekeeping large quantities of bitcoins as an investment.
Paper wallets are generally created by printing a brand new public address and private key onto paper, and then sending bitcoins from a «live» wallet to the printed wallet's public address for safekeeping.
There are three factors that should be considered when it comes to discussing the safety of a Bitcoin - based service — personal account security, safekeeping of funds, and company legitimacy.