About ColdSock
People used to keep their savings in a sock under the mattress. Not very modern, but nobody else could touch it. ColdSock brings that idea to Bitcoin: your money, kept at home, with you.
Why we started
Exchanges get hacked. Some freeze withdrawals when things go wrong, and a few have disappeared with their customers' money. Every time, the same people lose out: ordinary savers who left their Bitcoin on an exchange because holding it themselves looked too complicated.
We think keeping your own Bitcoin should be simple enough for anyone. So we're doing two things:
- Free guides that explain, in plain English, how to move your Bitcoin off an exchange and keep it safe, with any wallet, not just ours.
- ColdSock, a small Bitcoin-only device that keeps your keys offline, at a fair price. How it works
How we work
- Bitcoin only. One job, done well. Less code means fewer places to attack.
- Simple first. If a beginner can't follow it, we change it.
- Open standards. We plan to use the standard Bitcoin formats, so your Bitcoin is never locked into our products.
- Checked by others. Before ColdSock goes on sale, the device and its software will be checked by independent security experts.
- Honest about where we are. ColdSock is in development. We'll tell you what's ready and what isn't, and we won't promise dates we can't keep.
What we'll never do
- Ask for your recovery words, your backup or your password.
- Take payments or orders in advance.
- Tell you whether to buy or sell Bitcoin, or predict its price.
- Push you towards any exchange.
- Hold your keys. Your Bitcoin stays yours.
Who we are
ColdSock is built in Ireland by Pyramid Business Express Limited, a small Irish company (CRO 734910). Our full company details are on the Legal page.
Questions, ideas or feedback? Write to us at office@pyramid.ie. We read every message.
Nothing on this site is financial or investment advice.