Where to store your keys? - page 7. | Bitcointalksearch.org

thepriceinsats

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Quote from: Blawpaw on November 09, 2021, 11:54:17 AM

Crypto investors are turning to Military grade vaults to safeguard their Keys. While some prefer to know the Keys by heart, some have their crypto stash in physical dedicated crypto wallets like Trezor and pay big money to have them stored in Nuclear sheltered safe vaults. Take for instance Swiss Crypto Vault who offers Nuclear sheltered vaults to crypto investors. if you had 2000 bitcoins what options would you pick?

I am just waiting on my Ngrave an EAL 7 device for extra safety, but I do like the walls idea and a hidden trail of breadcrumbs if I had an untimely death......

Pmalek

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Quote from: sheenshane on November 15, 2021, 06:30:57 PM

The personal gadget should not be good advice to store your keys, there are too many instances that it can be lost, destroy, snatch, or damaged by the disaster.

Private keys and seeds should never find their way to a digital storage under no circumstances. People have asked what if I encrypt it, archive it with a password, keep it in my mail account protected by 2FA, my Google Drive. All those are bad ideas waiting to bite you in the ass in case your hardware breaks or you get hacked.

A seed written on paper safely tucked away somewhere beats any digital copy. Staying under the radar and being shush about what you have is another advice that many bitcoiners don't respect. It's no one's business what you have, so don't brag about it in public or discuss it with people you don't trust.

AicecreaME

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Quote from: Blawpaw on November 09, 2021, 11:54:17 AM

Crypto investors are turning to Military grade vaults to safeguard their Keys. While some prefer to know the Keys by heart, some have their crypto stash in physical dedicated crypto wallets like Trezor and pay big money to have them stored in Nuclear sheltered safe vaults. Take for instance Swiss Crypto Vault who offers Nuclear sheltered vaults to crypto investors. if you had 2000 bitcoins what options would you pick?

For a small to an average amount of bitcoin, I think a hard wallet as storage would be enough. Although anyone should still be careful despite having this because after all, it doesn't really guarantee a 100% safeness of your fund most especially if it involves human error. It just prevents hacking but the owner is still the one responsible for how to maintain his funds safe (e.g from inside job, phishing, and other forms of scams).

But if I were to have 2000 bitcoin, I would diversify it as much as possible to be sure just in case things go haywire in my one account, not everything will be compromised. I would use cold storage to safeguard my seed phrases or probably I will do the traditional way of securing them which is writing them down on a piece of paper and hiding it in a safe spot where no one else knows about. Or I would make some sort of cryptic messages or riddles to indirectly store it without other people noticing that it is an important thing if they would happen to see it, but definitely, I would still hide the book where I would write it down to.

sheenshane

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Quote from: Maidak on November 14, 2021, 01:56:28 PM

It is very common for a phone or laptop to be stolen or snatched.

The personal gadget should not be good advice to store your keys, there are too many instances that it can be lost, destroy, snatch, or damaged by the disaster. A hardware wallet is a good advice, it also has protection if your gadget used has a malware infection not directly be leaked to the wallet you have used.

Quote from: suzanne5223 on November 15, 2021, 05:44:03 PM

The idea of keeping private keys in a military grade vault is good but if I have 2000 BTC the first thing is to split the coin into 5.

I don't know what to do if I have this large amount but even if you store it in your drawer and no one knows about it then you're safe. The best is it should be the key ingraved on the metal, it has a protection gainst fire or any disater that will come.

suzanne5223

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The idea of keeping private keys in a military grade vault is good but if I have 2000 BTC the first thing is to split the coin into 5.

1) Buy 5 metal Bitcoin seed storage and according to Jameson Lopp heat, acid and crush test Quadrat Register is still the best.
2) Have 2 burials in my yard just like Walter Samaszko Jr.'s did (the Nevada man who died with $200 in the bank and $7 million worth of gold bar buried in his yard).
3) Keep 1 in a safety deposit box
4) Keep the remaining 2 in the military grade vault
Just for safety's sake.

DanWalker

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Quote from: dunfida on November 15, 2021, 02:43:45 PM

Quote from: Mpamaegbu on November 14, 2021, 01:30:07 PM

Quote from: Blawpaw on November 09, 2021, 11:54:17 AM

While some prefer to know the Keys by heart,

This will be a very dangerous step for anyone to take. No one can keep a set of numbers and letters off handedly for long. What if someone suffers memory loss momentarily, and at that point needed to access their wallet? I think it's better to write it down on a piece of paper or save it physically. I don't even like the idea of saving it on phones or computers. Such easily gets into third party hands if saved on phones when stolen or put up for repairs when damaged.

Would be the riskiest thing i would say on which you do memorize your keys on just minding them off or know the keys by heart? Its true that even on the slightest memory gap would fucked you up.
It is likely that you would really be forgetting one of those seed phrases specially on holding for a long time and also we know that keys isnt always that something to be phrases.
How about those alphanumeric? It would be sensible on storing up your keys on a hardware wallet or as simple as writing it on a paper.

Yes, This one is the funniest thing I've ever heard Cheesy

. I can't trust my heart enough to remember a random 256-bit private key.
The best way to preserve a private key is to engrave it on a metal body. And save a few copies in your personal vault to avoid getting lost in the future. Sometimes symbols can often be used instead of conventional letters.

dunfida

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Quote from: Mpamaegbu on November 14, 2021, 01:30:07 PM

Quote from: Blawpaw on November 09, 2021, 11:54:17 AM

While some prefer to know the Keys by heart,

This will be a very dangerous step for anyone to take. No one can keep a set of numbers and letters off handedly for long. What if someone suffers memory loss momentarily, and at that point needed to access their wallet? I think it's better to write it down on a piece of paper or save it physically. I don't even like the idea of saving it on phones or computers. Such easily gets into third party hands if saved on phones when stolen or put up for repairs when damaged.

Would be the riskiest thing i would say on which you do memorize your keys on just minding them off or know the keys by heart? Its true that even on the slightest memory gap would fucked you up.

It is likely that you would really be forgetting one of those seed phrases specially on holding for a long time and also we know that keys isnt always that something to be phrases.

How about those alphanumeric? It would be sensible on storing up your keys on a hardware wallet or as simple as writing it on a paper.

Mauser

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Quote from: Blawpaw on November 09, 2021, 11:54:17 AM

Crypto investors are turning to Military grade vaults to safeguard their Keys. While some prefer to know the Keys by heart, some have their crypto stash in physical dedicated crypto wallets like Trezor and pay big money to have them stored in Nuclear sheltered safe vaults. Take for instance Swiss Crypto Vault who offers Nuclear sheltered vaults to crypto investors. if you had 2000 bitcoins what options would you pick?

2000 Bitcoins is a lot, owning more than 100 million USD in bitcoins is crazy. If I had so much money I would probably sell some immediately and diversify the money into some alt coin projects and real estate projects. Having 99.9% of your net worth in one asset is very risky. It would be better to own a company, some apartments and have a well diversified portfolio then just bitcoins.
But let's say you want to keep the money in bitcoins and don't care about the price risk. Then spreading out the coins across multiple wallets would be the first step. Instead of having 1 wallet with 2000 bitcoins, I would rather have 20 wallets with 100 bitcoins. The best methods I read here on the forum are storing the seed on metal plates and then burrow the plates in your garden. Digging 20 holes might be a bit much, so getting a few private boxes at different banks would be the best solution for me. With so much money you could probably buy the whole swiss military bunker for yourself. But do you really want to store your coins so far away? What if you need to access your bitcoins quickly. I would rather have my coins stored closer to home. But I guess if you own bitcoin worth of 140 million USD you can fly any time you want to Switzerland.

Vaskiy

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From the article Swiss Crypto Vault came to know about Swiss Crypto Vault is a joint venture between Zug-based crypto financial services firm Bitcoin SuisseExternal link and Swiss Gold SafeExternal link, a company that stores precious metals, art and other valuables in alpine vaults. What a big value, 2000 bitcoin. Who will think of holding those into a third party storage. If an users isn't satisfied/trust any of the vaults for storing the private keys, then it is good to biheart.

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Quote from: wxa7115 on November 15, 2021, 12:49:39 PM

Quote from: Haunebu on November 09, 2021, 01:15:01 PM

2000 BTC is roughly equivalent to around 134 million bucks which is why I would prefer the best option available even if meant spending a million bucks to successfully store the remaining 133 million bucks.

If nuclear sheltered vaults are the best option, I would obviously store all my BTC though I would research them thoroughly beforehand.

But the issue is the centralization aspect of it, would you trust your bank with 134 millions dollars? If the answer is no then what makes that service deserving of that kind of trust? To me it seems like the first place any government hungry for funds will go to try to steal anything that is valuable there.

They must do that, the government is sucking people's money through banks. I can challenge and say that no bank in the world can repay all the money of the people at once even after liquidating all their movable and immovable property. All the banks in the world are bankrupt, they know that not all people want to get their money back together and they are taking advantage of this opportunity to satisfy their hunger.

wxa7115

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Quote from: Haunebu on November 09, 2021, 01:15:01 PM

2000 BTC is roughly equivalent to around 134 million bucks which is why I would prefer the best option available even if meant spending a million bucks to successfully store the remaining 133 million bucks.

If nuclear sheltered vaults are the best option, I would obviously store all my BTC though I would research them thoroughly beforehand.

But the issue is the centralization aspect of it, would you trust your bank with 134 millions dollars? If the answer is no then what makes that service deserving of that kind of trust? To me it seems like the first place any government hungry for funds will go to try to steal anything that is valuable there.

As such it is better to find a way to store those coins securely by ourselves, I am not saying that is not a pain and a difficult task but that is the kind of problem everyone would wish to have.

Oceat

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Quote from: Gosgosking on November 14, 2021, 08:11:17 AM

The key can be stored in different places , depends where one can't forget. I have a dairy which are store most of important detail and I keep this diary in a private place where no body have no access too. I can always go to the diary and get my details.

Well, what you just said and did is basically just the same thing as writing your private keys in a paper wallet. Although, most papers if not protected their letters and writings will fade or worst being eaten by an insects. So, I think a vault is quite safe to be used for hiding such as diaries and paper wallet if no one has access to it.

But do you consider to put some clue or hints to someone that you trust like your wife/husband/son/daughter if just in case something's going to happen to you? I think you should consider to starts teaching them how to use Bitcoin and how to protect it then you can give them a hint or something to find a clue to where you hide your treasure if somethings bad happen to you in the future.

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Quote from: Mpamaegbu on November 14, 2021, 01:30:07 PM

Quote from: Blawpaw on November 09, 2021, 11:54:17 AM

While some prefer to know the Keys by heart,

This will be a very dangerous step for anyone to take. No one can keep a set of numbers and letters off handedly for long. What if someone suffers memory loss momentarily, and at that point needed to access their wallet? I think it's better to write it down on a piece of paper or save it physically. I don't even like the idea of saving it on phones or computers. Such easily gets into third party hands if saved on phones when stolen or put up for repairs when damaged.

It is very common for a phone or laptop to be stolen or snatched. Another thing is, my laptop broke down last year, I came to the store to repair it and the technician fixed it. A week after, my Twitter account was hacked. When I reported the matter to Twitter Support, they informed me that my account had been logged in from a different IP a few days ago, then I confirmed that this is definitely the job of the repairman. so, storing sensitive things on a laptop or mobile is definitely a dangerous thing.

Mpamaegbu

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Quote from: Blawpaw on November 09, 2021, 11:54:17 AM

While some prefer to know the Keys by heart,

This will be a very dangerous step for anyone to take. No one can keep a set of numbers and letters off handedly for long. What if someone suffers memory loss momentarily, and at that point needed to access their wallet? I think it's better to write it down on a piece of paper or save it physically. I don't even like the idea of saving it on phones or computers. Such easily gets into third party hands if saved on phones when stolen or put up for repairs when damaged.

rizqoAD

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Storing 2000 Bitcoins in a private online wallet is very insecure, I will choose an Offline wallet like a nano ledger because I think the Offline wallet is very safe from hacking. Maybe if I have 2000 Bitcoins, half of which I will convert to fiat and the other half as my investment and trading capital in the cryptocurrency market. No matter how good my wallet is, I still think I risk losing it because Bitcoin hackers and thieves are always lurking, so being careful when transacting is the key to our Bitcoin security.

Gosgosking

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The key can be stored in different places , depends where one can't forget. I have a dairy which are store most of important detail and I keep this diary in a private place where no body have no access too. I can always go to the diary and get my details.

Chato1977

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Quote from: molsewid on November 11, 2021, 10:30:44 PM

Quote from: oemar bakrie on November 11, 2021, 09:15:22 PM

the best option in my opinion is to store the key only by recording in a personal diary there are many keys that are stored in addition to bitcoin assets, such as email passwords..and also always maintain confidentiality by providing a foundation of knowledge to one of our families that we can believe..

Personally I used to write down all my private keys to my personal diary but instead of one copy I've write it down to two and keep it safe by putting it in a vault and portfolio which I preferably the portfolio that is a fire proof. I am afraid to make leave any copy of my security keys in my email or any possible digital platform that could be use to save any security phrases. I do prefer to save my crypto assets via hard wallet though I don't own bitcoin at all but of course I used to choose to protect my altcoin assets at any means because this is still my assets.

are you serious on that? listing your keys in your Diary? that will risk your funds mate because Diaries are vulnerable for being checked by some from your house or even your friends that come in your house.

Quote from: terrorJR on November 14, 2021, 02:46:59 AM

if i had that many assets i would probably share them first (not putting in one wallet) but not going to keep my keys there either.
because regardless of anything I prefer and feel more secure if the keys are held by me personally.
on the other hand, with this, I think it will make the criminal's curiosity more motivated because the higher the security, the criminal will be more challenged to get it so I feel insecure about it.

yes , segregating or diversifying will help you to keep the funds safer .

terrorJR

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if i had that many assets i would probably share them first (not putting in one wallet) but not going to keep my keys there either.
because regardless of anything I prefer and feel more secure if the keys are held by me personally.
on the other hand, with this, I think it will make the criminal's curiosity more motivated because the higher the security, the criminal will be more challenged to get it so I feel insecure about it.

KaliLinux

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Quote from: Blawpaw on November 09, 2021, 11:54:17 AM

Crypto investors are turning to Military grade vaults to safeguard their Keys. While some prefer to know the Keys by heart, some have their crypto stash in physical dedicated crypto wallets like Trezor and pay big money to have them stored in Nuclear sheltered safe vaults. Take for instance Swiss Crypto Vault who offers Nuclear sheltered vaults to crypto investors. if you had 2000 bitcoins what options would you pick?

I believe that is for those that have come out to publicly announce how much Bitcoins they are holding, hopefully, they might need that kind of place to store their keys Grin

but if you do have such an amount of Bitcoin and no one knows about it and you just store your keys like the regular investors, write them down on some diary or some personal Hard drive, and lock in some private home safe, I do think that is still ok.

MD DANISH

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I store your keys in my private and secure in my offline in ms word excel and all offline palces i will not store key in online places

Topic: Where to store your keys? - page 7. (Read 1763 times)