Post
Topic
Board Bitcoin Discussion
Re: Where to store your keys
by
Ultegra134
on 10/04/2022, 09:07:15 UTC
I don't have the luxury of hardware wallets or paper wallets, anything more complicated than an offline wallet. I'm a simple man, using the Electrum wallet. Your safest bet would be to type your seed phrase on a small piece of paper and tape on the bottom side of a drawer. Create one or two copies and recreate the same hiding pattern, and you'll be good to go.

What do you say storing the seed phrase on bank safety deposit box?

Well, nobody wants to answer you... and you asked twice already.  Wink  

Government Seizures:
It is not a good idea to store your "Private Keys" in a safety deposit box in a Bank. This is why ..... https://www.latimes.com/california/story/2021-09-19/fbi-seizure-cash-beverly-hills-vault-spawns-epic-court-battle

Welch Law
This is another reason : https://welch.law/what-items-should-not-be-stored-in-a-safe-deposit-box/


Safety deposit Box robbery
Safety deposit Box robberies still happen : https://en.wikipedia.org/wiki/Baker_Street_robbery
https://www.nytimes.com/2019/07/19/business/safe-deposit-box-theft.html

They are simply not safe and it is controlled by Banks.... and the Banks are controlled by Governments.  Roll Eyes
Certainly, safe deposit boxes are the number one target of robbers, along with your electronic devices, thus, in case of a robbery, you're practically losing access both to your computer and your backup phrase.

The safest bet is as I mentioned, a drawer or a compartment in a bedside stand, clothe closet, something that doesn't stand out, along with multiple copies.