Bitcoin Forum

Where do you guys store yours?  I just moved mine to a safe deposit box, but I learned that they're not FDIC insured.  Also, when I signed up, the bank made me sign a contract basically saying they have no liability for anything.  I'm not so much concerned about a bank robber, since they probably won't have the time to rip open boxes, especially when there may only be wills, deeds, and shit, but I am worried about a rouge bank employee. 

I guess it comes down to whether they are safer at your house, or in a bank. 

I don't think you need to worry about a rogue bank employee.  Their security is pretty tight.  Even if your house is extremely secure, it's a good practice to not give people a large financial incentive to try and break into your home.

Good fireproof safes are not cheap. Stick with the safety deposit box. The bank has security beyond what you could reasonably afford at home.

Ironically, my physical collection is now worth almost as much as my house

With safes, fire proof ones are fairly cheap (less than 500 usd).  What you need to look at are the burglary ratings - you want UL TL-15 or higher.  These are where it gets expensive, but worth it if you have a valuable collection.  Table below shows ratings and recommend values for each level of security. 

See here:  https://www.safeandvaultstore.com/pages/burglary-ratings

One thing to consider with bank boxes is to select a higher up box to protect against flood damage if you live in a flood prone area. 

I keep mine in a safe at a friends company (they are staffed 24/7). I would not use a safe deposit box because they have been raided over the years (google it). Your best bet is a small fireproof safe that is well hidden at your house or at a family members. I sort of do the same thing for my offline coins...I can not access them without driving to multiple locations.

Like multi-sig but for physical items.  Nice, and congratulations on the copper thing.

Not at that point yet, but I always figured rebar through a safe bottom cemented directly into a sub basement should work, no?

Yup.. 2 of 3 keys for them.




They sell safe anchoring kits. You just drill the concrete and use the self expanding bolts to secure it.

suggest not using a safe at home, other than making your home a target for thieves almost all safes are no match for a portable gas powered cutter.

https://www.cltoolcentre.com.au/husqvarna-k1260-16-16-concrete-cut-rescue-saw.html

http://www.abc.net.au/news/2014-01-01/wheelie-bin-used-to-steal-bullion-from-a-brisbane-home/5181294

safe deposit box in private company, fingerprint recognition on entry and 2 key lock. must bullion companies will provide this service in your area.

I keep a few smaller ones like a .1 cas and then other coins in a fireproof safe at home so I can show physical coins to family when they come over. The higher dollar stuff at the bank now.  The security is very high so i sleep good

Good point.   Coincidentally, my box is one the highest row  8)

One thing I read online about at-home safes is that a potential robber could just force you to open it if you are home.  That's one reason it's better to store them off-site.  I guess my choices would be either a safe deposit box or a really good hiding place at your house.  I think well-hidden is probably better than in a safe if you store them at home. 

I have read about boxes being raided and even though it has happened, it's still extremely rare [knocks on wood].

I think it is a smart move to have some sort of a safe to store you valuables, such as coins and bars of silver.  Possibly guns too.

I hear you can insure safe deposit boxes as well, with very reasonable rates due to the security a bank provides.   However im not sure how the valuation of the actual contents would work if your storing loaded crypto which can swing in price rapidly. 

Safe hidden underground :D

Unfortunately I lost my entire collection in a tragic boating accident  :'(

Is this true?   D:

We must have been on the same boat. Dammit, boats are not safe.

Physical coins are a pain in the butt compared to good old paper wallets simply stored at multiple locations.

Bummer, I lost all mine to a bunch of rubes on some forum

I store them here

LAT/LONG
40.712775  -74.005973


GPS Cordinates

40° 42' 45.99'' N

74° 0' 21.5028'' W

Map Mouse Over Location

(40.710457, -74.006513)

https://www.latlong.net/c/?lat=40.712775&long=-74.005973

Where I'm at safe deposit boxes are an endangered species. I think I'd probably have to travel about 200 miles to find one and they're getting closed down all the time. Banks certainly don't do them any more, and they're closing bank branches faster than people can switch.

As for where I store mine...

https://i.imgur.com/qnujcVT.jpg?1

Mars. Have Elon take you. Once you're there, I'll send the coordinates.


If someone is worried about their deposit box being raided, it's unwise to store valuable stuff at home  ;) 8)

here we are four years later ... now they are in a waterproof/fireproof safe inside a Large safety deposit box in the Big bank downtown lol

The motto is “be your own bank” and you all are storing it at a bank? The irony