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How to Buy and Store Bitcoin (The Right Way)Material offers pattented cold wallets designed to protect your bitcoin for a lifetime. No electronic components or software required. buy bitcoin with regular fiat currency. They're available as a physical, offline wallet, known as cold wallet or a digital, online wallet, known as a hot. Setting up a Bitcoin cold storage wallet is straightforward. 1. Create an offline Bitcoin address to receive your bitcoin. 2. Send bitcoin to the generated.