Bitcoin Forum

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 (https://www.swissinfo.ch/eng/safe-storage_military-grade-swiss-bunker-opens-vaults-to-crypto-investors/44220960) who offers Nuclear sheltered vaults to crypto investors. if you had 2000 bitcoins what options would you pick?

Assuming no one knew I have 2000 BTC, then I'd buy bunch of stainless steels whose purpose would be to keep my seed phrase safe. I'd probably burry them in the ground as a normal, filthy rich, Heisenberg-looking bitcoiner.

Maybe inside the walls of my cottage. That'd also sound neat.

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If, it was known that I hold so much money, I'd have much more to worry besides the safety of my bitcoins.

If I’ve done my research correctly , these vaults were owned by Xapo and were sold to Coinbase . I would certainly not trust Coinbase with 1 satoshi of mine !

https://thehustle.co/coinbase-vault-bitcoin-xapo/

I'd doubt the safety of something like this though. With normal vaults, you can doubt the strategy of an attacker to disregard a bunch of papers in favour of a precious rock or jewellery - you can't do that if everything in the vault is crypto stored in a presumably similar way.

That being said, storing private keys across several vaults in several countries is probably safer (as long as you have enough redundancy/failover in your plan that you won't lose your keys).

If I had such amount I wouldn't worry about keys, because these coins would be splitted among different third party platforms to generate passive income. It makes no sense to have so much money like 2000 bitcoins and keep it hidden like a pirate treasure. Bitcoin's purpose, like the purpose of any currency, is to serve its holders in the most effective and profitable possible way. Otherwise, what would be the point?

What does that mean? Who owns the vault? Who has access? According to the article shared by OP, I can see there's a vault for hiding documents of crypto-asset somewhere in the Swiss Alps. Who will have access? Is it coinbase? I can't see any mention of coinbase there; did I miss anything? This is what I have found from the article-

Any special storage facilities will only cause criminals of all stripes to want to rob such storage facilities. There is hardly a vault now that cannot be hacked, given that the people who guard it can be bought or intimidated.
 I would also not store my wallet private keys on devices connected to the Internet. Any human-made program can be cracked by another program.
I only keep my keys printed on paper. This is one of the most reliable ways to store keys from wallets, however, provided that this printout is also safely hidden. But it is much easier to hide a piece of paper with numbers and symbols than in another form.

Bitcoins purpose is to be used as a peer to peer currency and not to be deposited on a third party website which centralizes it, in the hope of earning passive income at a huge risk of losing your stash or getting your identity exposed.
If you wish to use Bitcoin effectively, use it for daily purchases a merchants that accepts it,
For it to be profitable, store it safely and speculate that the price would rise in the future.

If I had such amount of btc  I would definitely seek for the most secure and efficient way of storing my keys, for now, hardware storage is enough, I don't need to go the nuclear shelter way even though the sound of it feels a bit like going on a war zone :D

I would probably avoid any centralized service as there is no guarantee that when a huge economic crisis comes that governments will not appropriate them and get all the valuables that are inside it.

If I had so much bitcoin I will probably create 100 different wallets with each one only holding 20 BTC, then I will engrave the seed words on steel and create backup copies as well, I will keep a set of copies where I live and the backups at a different location just to create redundancy, however if it was known by anyone that I was holding a lot of bitcoin then I will probably only keep one wallet with me to give away in the case I was robbed and the rest at undisclosed locations.

You make an excellent point. However, by dividing it into multiple investments, the total amount is still the same 2000 bitcoin, but it has been spread across a number of different investments. The problem with this is that you now have multiple wallets or keys to store on, which raises the question of how to keep it safe and secure. Here in our country, trezor is extremely well-known, and I believe that this is the best method of safeguarding the massive amount of bitcoin that we intend to store in a room that is not particularly large, but which has high levels of security, in my opinion. or a simple one that you can hide somewhere in your house that is fireproof in case of emergency and is also not visible to anyone else.

In my opinion you should use a dairy for it and a safe locker . So in that case your key and wallet will be secured .u can also use ur computer etc, but hard copy is the best for it.

I think I would have some kind of issue with the company that would keep my keys. I wouldn't be sure if I would want someone to have that kind of access with my key ^{(if they ever violate rights)} and they can pretty much get your assets with that. I think if you have that kind of amount, it's almost always safe to have an offline wallet/airgapped/hardware wallet for you to have control.

For the article, it's quite and old one since it's from 2018. Is there any update with that article?

So instead of storing the seed somewhere really safe, let's give our money to others to keep them safe... for us or for themselves?
Not your keys, not your coins. Even if I'd own 2000 BTC, I would still not use such a service.


Well, if you would have been reading the page of text from the link, you would have known that

But the conclusion stands ;D

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Edit:

Wow, good catch.

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 by saying bitcoin purpose is this one and not that one you are also centralizing its purpose. Can't bitcoin's purpose be to help each investor on what he most needs in his individuality?
Furthermore there are strategies to decrease the risks when investing, like splitting your coins among different investment programs as I mentioned. And since all kinds of investments are under constant risk, including investment in bitcoin for holding speculative reasons, why should we fear only generating passive income from bitcoin?

That is true. Imagine how many passwords, secret recovery phrases, google authenticator codes and disponible time would be needed to manage so many accounts in different sites. :D
Probably a financial manager should be hired as well! What would make sense for someone who has about 136$ million dollars in bitcoins.

It would, except being a P2P currency is not closed ended and does not limit usage, it's also what is used in the white paper which particularly stated the need to avoid third parties;
.
Investment in Bitcoin is a risk the investor understands, you risk the price falling and your portfolio going red, you do not take a risk on the network as you can verify that, using a centralized platform for whatever reason means you no longer have full control over your asset and are dependent on a third-party.

Definitely do the same yet you know that it is really just right to do so on protecting that 133 Million then you wouldnt really mind about the price.

Just like on what you had said that it is really just normal on verifying everything before proceeding because we are talking big amounts on here.

Doesnt matter if its a Hardwallet, nuclear sheltered or even as simple as USB flash drive as long you could keep your keys then that what all matters.

Well for starters if I had 2000 bitcoins then I would probably seperate them in different wallets instead of keeping them in one since that would provide me with additional security therefore I do think that would be the best option available.
Then after that I would seperate those private keys and probably store them in an underground vault about which only my spouse will know about or my parents since when you have that much money you gotta be quiet, the security is not everything, it's harder to emphasize the fact that people generally attack the crypto rich as well, there have been many instances. Then I would just print them out and use some different paper which might only show them during high temperature/fire etc, so there would be tricks and tricks till the end of it.
Putting them in bank vaults is really something that am not gonna do since I do not trust government or any other banks with such important information.

In real life top-security vaults almost never get successfully attacked, unlike in movies or video games. Bitcoiners should be more worried about kidnapping and home invasion.


You don't need to choose options, you can make multiple copies and store them in different ways, including putting them in vault.

And why handing out them, when it already generates you a decent passive income? Isn't there a higher risk of losing more money than actually earning?

The purpose of a currency is to be used as a medium of exchange. It's never been said that it has to serve its holders neither that it must be profitable to hold it.

You are right about this, but some people still like to save to generate more income, the passive income generated thus far is far higher than the amount of annual profit return which can be given daily, weekly, biweekly or monthly, depending.

But what I know about this is that people are making use of centralized online sites for this, and if not your key it is not your coin. And it is much easy to also back up seed phrase just like the login we have on the centralized platforms, but seed phrase gives the total control.

But to be candid about this, the purpose of decentralized currencies like bitcoin to people is its speculative aspect as it is an asset and appreciate over time.

Yes, but in my opinion, it's just not worth it. You're trusting a stranger in the internet to keep up their promise, that you'll get in return a greater amount after a certain period, which is usually a long one like a year.

And I'm asking myself: Why? Why would I even mess with all this, if I can just hold the most profitable asset of the decade? I'm not a consuming monster; I can't spend those 2000 BTC either way.

I'd definitely keep a great amount, but I wouldn't imagine myself as an entrepreneur with so much money. Maybe donating some to charities and projects related with bitcoin that I would want to help financially.

It is not worth it to sacrifice privacy for it, also yes the passive income is enough.

It depends on one centralized online platform to another, in some, the profit are just calculated annually but the user can choose to have his profit to be given daily, monthly, weekly, biweekly or monthly.

Also is another, staking which makes use of decentralized exchanges like Pancakeswap, Uniswap and the likes to provide a liquidity pool in which profit are also earned.

But what still determined profit the most is the coin to increase more in price. I do not know the kind of privacy liquidity pool can offer, but I believe no coin is decentralized like bitcoin.

Yeah, it's an old article, but still, I find it relevant especially when bitcoin price is surging to new Highs and no one knows when it's gonna top. Bitcoin is now a proven asset that is here to stay. Besides, given that many people believe it is still undervalued, having total security when storing wallet keys is of the utmost importance. I thought it was interesting to know that whales can recur to this sort of military-grade safe option. In any case, you can follow more about this vault in:

https://www.bitcoinsuisse.com/blog

That's the most what you've said.

Hardcopy is probably the best idea if you're going to store a large sum of bitcoin at a particular address.
It's also much better to divide and store your bitcoins into multiple addresses and keep the hard copy of the private keys of those addresses.

I'm not yet onto that point that I'll engrave it to stainless steel but I know that I'll get there someday. I'm still keeping it the usual way of how we're keeping the notes. But the best thing to do to protect yourself is to remain the lowest that you can, you know being lowkey.
There's no worry, threat, and anything to think about negatively if you don't tell someone that you're owning bitcoin. Physical attempts might come for those who are happily, proud and boasting their crypto gains and profits and holdings.

It generates a passive income in dollars if you consider the increasements in bitcoin price, but your bitcoin balance will be drained along the time if you don't invest your coins anyway. And even though you believe 2000 bitcoins are enough for you to live your entire life, the scenario completely changes if it were actually true, because when life standards improve, the person feels the necessity of spending more money in a daily basis.

I still think the risk of losing money is lower than earning from investments in third party platforms, since you invest in sites which offer realistic interest rates and have decent reputation backgrounds. In the case of a hypothetical scam, investors can also file a lawsuit against the company.

Well, if you use it as a medium of exchange, it is already serving its holders in a way, that was what I mean.

But how do you exactly store them though because if you bury them written in paper, you will probably have years if not decades left for the piece of paper to rot and if it's stored in something digital, it's going to be a bad thing if you put it in something where you don't have a control over the elements like the walls or six feet under. For me though, if it's in a paper, I make sure that it's placed in a notebook like a ledger and put away in a safe or in a bookshelf.

Woww.. if I have that much bitcoin the first thing I do is do most of it for me to invest for my new life after death, I mean.. I will share to those in need, build a mosque or church and do good to others so that useful in the afterlife, because we will die and live in this world only temporarily so we must have good provisions while there and this has been my desire or intention for a long time.
and the rest i will use for my living and family needs and keep it on paper and keep it in a mediocre place which i think people will think no way i will keep it in that place, because if i keep it in a vault or whatever if criminals find it if they know i have a lot of bitcoins and keep it in them, they can still retrieve it even if it can't be opened. ;D

I have one related question on seed phrases. We know that seed phrases can be used to access wallets compatible with BIP32 protocol. What if in the long distant future there will be no wallet supporting BIP32? Does it mean all my coins will be lost?

It depends on the amount you have. If you just started buying Bitcoin and you have $100 in its equivalent in sats, it's okay to have it in Coinbase or another similar company. If instead you have 2,000 Bitcoins, as mentioned, to me what is crazy is to have them only in one place, as a single hardware wallet. In that case for me it is even OK to have a small percentage in a third party, like 300 Bitcoins, whether they give you interest or not, which is not as important as diversifying the risk of losing them or that an armed gang comes into your house and forces you to transfer them the Bitcoins you have in your hardware wallet.

Another option that I usually see for people who have large amounts is to have them in a multisig wallet, that way you can not transfer the Bitcoins to the criminals even if they force you because you need 2 signatures and at home you have only one.

So my distribution of 2,000 Bitcoins could be something like this:

-300 Bitcoins in a third party giving me interest.
-100 Bitcoins in a hardware wallet at home. I assume that if you have 2,000 Bitcoins you are going to have great security at home, and in the scenario that an armed gang breaks into you, losing 100 bitcoins is only 5% of what you have. Plus if they know you are a multi-millionaire and they can't steal anything from you, they can give you a pretty hard time. Better to give them 100 Bitcoins and let them go.
-100 bitcoins on a second home.
-1500 bitcoins in several multisig wallets.

How to store the seeds in this case for me would not be as important as diversifying the risk and not having all the Bitcoins in the same place.

On the other hand, I would like to qualify something:





Technically speaking, Bitcoin does not give you passive income, what it gives you is capital appreciation. Passive income is provided by a stock that pays dividends, but not by a stock like Tesla, even if the return in recent years has been extraordinary. In this case, Bitcoin's return is through appreciation, like Tesla's stock, although you have ways to get income with that appreciation, such as borrow against it or regularly sell small parts.

If I have that large amount of Bitcoin funds, I would surely not choose only a single way to store my keys. I will make sure it will be divided into smaller amounts and kept differently with the keys hidden separately. Keeping only a single storage and therefore a single private key for the entire 2,000 Bitcoin is too risky. I don't think it is advisable to just put all those eggs in a single basket. It only takes a single accident or incident for everything to perish. 

I don't want to think any harder for a while because I don't have that many yet. If one day mine achieves that, my instincts will find a better privkey storage solution than what this thread suggests. If you need my inspiration, take a look at Mr. Krabs is trying hard to keep the Krabby Patty recipe a secret. lol

To be clear, I'm not going to put 2000 bitcoins in one place and I'm not going to just leave them all alone without using some to manage and enjoy the results.

It is better not to trust the keys to someone. The best thing is if you know your keys by heart, but actually, it is not very secure as you might forget and if you are the only person who knows the keys and something happens to you, all your coins will be lost. Personally I put down all my keys just on paper. I don't store the full seed phrase, there are some mistakes, so it is really difficult to hack my wallet even if you get this sheet of paper.

One hundred and thirty two millions of dollars that will worth more every year? Unless you're a freak who acts like you're demanded to spend them within a certain time period, you can't. How can you change your daily basis so excessively? Alright, you'll buy bunch of yachts. Houses? Cars? Hookers? Stadiums? Hotels?

What the hell do you want as a bachelor or a family guy who you don't consider that money enough for the rest of your life?

That's why I said a stainless steel.

Technically speaking, that's passive income;

I will work out some way to break up the 2000 bitcoins into smaller chunks, for example 10 bitcoins per Bitcoin address. I will then create several paper wallets and I will laminate the paper wallets to protect them. (Make 3 copies)

You then store those bitcoins at 3 different geographical locations to protect it from natural disasters. ( I removed my favorite number from the private keys so that nobody that discovers them, will be able to sweep them without going through a lot of guess work )

You can also engrave the paper wallets on aluminum cards, if you think the paper and lamination will not protect it.  ;)

Took a quick look into the swiss vault and you don't store your keys with them but instead, store your cryptocurrencies in their keys. It would be impossible to withdraw without their platform/help...

From: 8. Custody and Bank Guarantee (To access their TOS: https://www.bitcoinsuisse.com/legal > General Terms and Conditions)
https://i.imgur.com/7f3A6df.png

It's like storing your funds in a centralized exchange/wallet long term which is greatly discouraged cause it's inconvenient and very risky. The difference is they're claiming your money is "insured" but it probably won't be seamless and has a maximum claimable amount. They have limited info about this...

like the first answer above , Why would i spend big amount and let others that i am hiding something very important in that vault when i can do it myself.

I know some basic skills in building things , i also have my own tools to use making my own safeties .

i will also Buried my keys in some place where people won't think that I will put my keys .

I am willing to buy a Land outside the city and put my keys like a Hidden treasure of General Tomoyuki Yamashita lol.

BIP32 is not a protocol but a standard or set of instructions that describes one of the ways of how to generate many and many private keys deterministically from a single random number. BIP39 describes how to write down this single random number in a human-readable format. The random number you generated (in most cases it will be a set of 12 or 24 English words) and then put in a safe place is the only thing that gets you full access to your funds. Even if we abandon these standards of deterministic generation (derivation), which I highly doubt by the way, you won't lose access to your funds in case you have your seed phrase. Even if all wallets stop supporting these standards, there will always be other means to generate private keys from your seed phrase. For instance, https://iancoleman.io/bip39/


It will be difficult for you to hack your wallet if you lose one of the pieces or forget the correct order.

I honestly don't know. I don't have much in BTC, so I don't feel like I need to work on securing my funds. There can be good vaults to safeguard the keys, but this is also not very convenient (you have to open it every time), and attracts attention (if there's a vault, there's definitely something of value there). I don't trust myself to memorize the keys, and I know that if I place them on a piece of paper somewhere, there's a good chance I'll forget where I put it or will accidentally throw it away.
If I had so much money, I'd probably try to diversify my holdings, so that there's no single point of weakness and I can't lose it all at once. Also, I'd probably spend most of it because there's no reason to wait for the value to increase because it's already so much. I'd work on opening my own private university in my country, establishing a scholarship fund, buy myself an apartment, help out my relatives, donate some money to charities.

If you have your coins on hardware wallet, they are relatively safe, but you still have a seed or password that you have to remember and store somewhere. Accordingly, there is also a risk that the password is stolen or you even lose it. I think the safest method at the moment is to have your seed engraved in steel and bury this piece of steel safely somewhere in the garden :)

Right now I just use the nano ledger and save the seed phrase on a piece of paper and store it in a safe. Of course i would do different security if i had 2000 bitcoins. but I think it's too much to rent a Nuclear sheltered safe vaults. maybe i will use double..triple security in some safe place where i keep my private key

If am having that amount of bitcoin I won't advise anybody to store it in thier hart, I believe if you store it in your heart is the safest place which you can store it but what if you die all your bitcoin is waste non of your family member will be able to access your wallet again not even your wife of your children which is very bad if is me I will definitely prefer a vault which I will be paying for.

Why the bloody hell should you store your money in your heart? And how?!

This sounds terrible. Someone will know that it's you hiding this personal information and can access it. The problem with this kind of money, is that no one should know where you're hiding your personal information. Especially if they find out you're having 2000 BTC. You'll, then, have trust issues.

2000 bitcoins is a lot for me. I will most likely sell some of it and exchange it for property, or some other physical thing that can be enjoyed.
however, if I have 2000 bitcoins, and no one knows about it, I might as well save the Private Keys I have on some external hard disk, and store them in a passworded Winrar. however, I'll probably keep some of those external hard disks in a few different places. well, i think that's enough if i think only i know that there are 2000 bitcoins in it. besides, in my environment, cryptocurrency is still very foreign.

I mean storing your private key in your brain, keeping it to yourself alone.

This is also a terrible solution. Human memory can be very fallible. You should always have a backup of the mnemonic in case you forget any of the twelve words. It'd be really dumb of you if, during your way to prevent theft, you lost yourself your money. There are many cases where the users simple forgot 4-5 words. While, it's still recoverable, it may be expensive and there's no point of going through all of this stressful procedure.

Do people think the strongest idea is still multiple safe deposit boxes where you break the seed into half but make 2 copies of each?


Thus you would have 4 bank safe deposit boxes and put one piece in each of the safe deposit boxes?  So in case something happens to one box, you still have one copy of the seed at another safe deposit box?


But one big issue I have with this is if say the government decides to freeze your accounts and get your safe deposit boxes in your name, well they would have it all there.  So that would be one big issue with this right?  But assuming you aren't that type of person, then wouldn't it make the most sense?

Yes, but how can you know that something has happened to the boxes? (So that you could rewrite the damaged box's paper with the back up's)

So, there you go. Even that way, there're people who know what you're doing. You need to find a way in which no one knows you have something to hide, such as a seed phrase. But, even if they do, to not know where you have that thing you want to hide.

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If you want to divide a seed phrase, don't do it that way. Instead, use multi-sig or the Shamir Secret Sharing Scheme (https://iancoleman.io/shamir/).

2000 bitcoin then i will save it in stash, for back up maybe private key i bought a lot of stash and save it in my house. I think if i hold 2000 bitcoin then i am very rich, and wouldn't live in an ordinary house and already have more security system. With that i think i already safe as long i am not made a mistake to trapped into we know "hacker trap" with its more than thousands ways to hack people.

In my opinion, the vaults appeal to certain investors.

Not everybody can afford to pay the crazy fees for the security they provide. That said, 2000 Bitcoins is an amount that whoever owned it should have no problem paying to ensure its security. You'd rather want to be able to sleep at night, knowing that your assets are secure than runt he risk to be left without it. In my view, with 2000 Bitcoins the vault is by far the safest option! At least that's what I'd do  ;D

With the current Bitcoin price at $64k, of course if we have 2000 BTC we are already rich. If we are rich then we can buy a sophisticated security
system and can also buy a good safe-deposit box to store hardware wallets and private keys. Then always have a backup private key and store it
in a different place, and don't let other people know where we store private keys. I also will not store my Bitcoins in one wallet if I have 2000 BTC,
at least I will store it in 4 different hardware wallets. That's to anticipate if something bad happens, I will not lose all the Bitcoin I have. The most
important thing is that we don't make the mistake of telling other people where to store the private key. And don't tell anyone if we do have
2000 BTC, because if someone else finds out it will be dangerous for us. We will be the target of fraud or theft, so we have to be careful in keeping
the Bitcoins we have.

Even if I had 2000 btc, I would not go to space to store them and do it at ground levels. This question had been a headache since btc broke $1k as 2 million was also a big number to protect then. I would turn my storage into pieces at first by heading towards mixers because keeping them all at one place would not be 'secured' at all and would also let them traced. I would use Ledger or Trezor if I would store them at one place, or go for cryptosteel to store many wallet seed phrases or private keys and then lock them in a bank's locker. I am not that person who would spend on security more than what I have to safeguard my investments as even a bitcoin core wallet with a very strong password would give me the same security 'till' I do something which leaks my private key or wallet seed.

I prefer Ledger wallet.

It's also much better to have cold storage wallet that hasn't been linked to the internet and print the private key of that wallet || address.
into a paper and storing that paper somewhere safe where no one will access it except you.

Private key is important in the world of cryptocurrency because if your private key is hacked then all your cryptocurrency will be hacked. So I write it down in my private key diary. I login with the diary when I need it.

Very basic thing once you stepped your foot into this market or current trend with cryptocurrency. Private keys is just like the heart of your wallet and once its been exposed to other people then expect that they do
have full access on all assets inside of it thats why you should really take care of it no matter what.

Storing of keys?  Whether its;

1. Handwritten on a paper
2. USB
3. Hardware wallet
4. Cloud storage(isnt suggested)
etc.

Doesnt matter which one as long you do able to protect it on other peoples awareness.

So most people agree that you need a hardware wallet.  But where do you store your seed phrase is the most important thing here.


Again, if you write it on paper, where do you store it?  Let say you write it on paper and store it in your apartment or house.  Will it just be one copy?  Will you break the seed into two pieces?  How many other locations do you need the physical copy to be?  I heard people say you need to have 3 physical locations in case something happens in one location.  But the more locations you use, the more chances someone can get access to it.



The bank safety deposit box seem to be like the best option I think. But you have to break the seed into two pieces... then make two copies each so you need 4 safe deposit boxes.  But what happens if the government gets accessed to it due to some reason, then you are screwed.  So it seems... the best possibly solution would be still keep those seeds in the safe deposit boxes, but also keep a copy of a seed at your apartment/house and a close relative... but then you make sure you have a 25th word passphrase?  But where would you store that?  Certainly not in one of the bank safety boxes.  So seems like you probably could give a copy of it to a relative but not the one you gave your seed to? 



Then you do have a concern if like what if your relatives ask each other hey did so and so give you paper words etc and then they literally have the seed and passphrase together.  But for now, let's ignore that. 



So it seems like you probably should put that 25th word passphrase in a usb drive that is password protected but also type that seed in your password manager?  Do you ever write it on paper?  If you do, certainly not in put it in your apartment/house?  I know people say avoid using password managers for putting your seed... but wouldn't putting your passphrase there be safe?  Thus even typing in your passphrase in the password manager and uploading it to the cloud such as dropbox or google drive?  Because that passphrase by itself isn't going to do anything unless they have the whole seed.  Thoughts on this?

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.

Yes, recording in a personal diary will be the best place to store the keys and other important data that is related to us. Maybe the safety box will help us to keep that data so we can gather all important information about us but do not tell to people who we do not trust.

A ledger wallet can be a good place to keep the coins so we can take that Ledger wallet together in the safety box. I think we can rent the safety box from our banks so that can be safer for us from the thief.

I put it on a piece of paper and it's on my wallet, but of course i have some back up, not to my pc because it's not safe for phishing links around the internet and since its very old its quite skeptical to store, so i decided to have backup on a piece of plate made in steel because on that way i can assure no matter what happen my keys still fine.. Even Water, fire as long as i know where did i keep it no worries because it's totally safe..  ;D

If I had 2000 Bitcoin then definitely I would be capable to handle it. Normally I have been using Ledger Nano X, So I think it's enough to store 2000 Bitcoin. But definitely, I will use Multiple wallets with or without the same seed. What device or software are you using to store Bitcoin doesn't matter, then the fact is how are you going to keep safe your seed phrase. Protecting your seed phrase is the key save your Bitcoin. Usually, I wrote the seed phrase of my Ledger Nano in 3 sheets as they provided along with the device. I keep them in 3 separate places. So even I lost one I would find another. Besides that, I wrote my seed phrase in my crypto notebook. So even I lost three sheets with the device still I can access my Bitcoin.

When a single seed phrase can generate as many as possible keys and addresses, seed phrase easy to write down as they are made up of only words, rather than characters private keys are made up of which are long and hard to write down. Or did you meant seed phrase instead of the keys? Because it is better to backup the seed phrase.

Safe keeping of 2000 BTC? 2-of-2 multisig hardware wallets is perfect for me, and if I like, I can make it 3-of-3 to make it more secure for me.

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

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  ;D 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.

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.

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

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.

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.

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.

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.

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.

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.

From the article Swiss Crypto Vault (https://www.swissinfo.ch/eng/safe-storage_military-grade-swiss-bunker-opens-vaults-to-crypto-investors/44220960) 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.

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.

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 :D. 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.

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 (https://jlopp.github.io/metal-bitcoin-storage-reviews/reviews/quadrat-register/) 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.

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.

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.

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.

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.   

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......

It would be a very difficult thing to do if you want to carry the 12 phrase of your private keys in your head. At some point you might end up forgetting the keys and it might be at a time when you are in dire need of it and you then end up losing access to your cryptocurrency. So, it’s best to choose a safer means than that, unless maybe you know for sure that you’ll be able to remember it always and also as it is written on the paper.

I think writing down your private keys on a piece of paper and maybe storing it in a vault (if you have one) would be a safer way to keep your private keys. Then I’ve also seen people who just write them down in their notepad and store it online, although some people are going to tell that you run a risk of hackers having access to your keys at anytime if your device or the platform you stored it should be hacked. But I’ve never seen that happen before.

If I have such amount of BTC in my wallet, the key will be inside my heart because if you expose your key to the community they will have access to your BTC and bring you down to zero level in the community. If you keep the key in your house your wife or children can miss use them anyhow without your notice. If you store your keys in your phone, if you misplace the phone you have loss all the money in your wallet account. If you store them in the bank it will be very easy for the bank officials to have access to your keys base on your personal details you have provided for them.
The best place to store your keys is in your heart because nobody can have access to your BTC unless you show your keys to them.

Securing may be a main priority to any crypto investors. Because there is so much hacking occurs in every investors wallet. So insure safety, you must store your keys to the safe places such as your email drafts, in your safest online notes or may be in the notebook of yours at home

Never put your keys in Online places , emails will be risky place to hide your keys, it is much better to make a list and put in your underwear than Emails lol.
if i am? dividing into 10 equal parts is the safest.

200 Bitcoin is a Lot of money and keeping this is really a risky .

Ok, so you're throwing in a bit of a sneak peek here. Then, how many people are allowed to use your computer, especially the web browser you use to access this forum and how many word files are stored on your computer? Security guarantees are not only in terms of the objects you use, but also your caution not to knowingly leak it.

Really touching :'( , I guess you can only put love there. I hope you find a repair shop to recover your private key when your heart is broken.

if i have 2000 bitcoins then i will use some of it to buy a house which is big enough and also a very safe vault.

i currently store my entire private key wallet on my iphone icloud, i followed some of my friends advice because they explained iphone security is pretty strong.  i think providing a safe to store my private key wallet is very complicated and i don't have enough room space to put it, Besides that, the amount of bitcoin i have is still small.

Apart from the private keys being stolen what are the 2 biggest threats to anything
holding the keys?

Fire and Water

What is fire proof and corrosion proof?

Stainless Steel

So stamp your keys onto the SS and store that out of sight.

Giving your private keys to some other person or group to store it safely goes against
everything Bitcoin was designed for.

If you need your keys at 11pm at night on a Saturday but your bank is closed, you
have to wait until Monday morning at a time of their choosing.

Be your own bank

People are unnecessary going above and beyond in effort to keep their Bitcoin secure when in reality it's more secure and more useful being in your exchange account.

Trust me, your Crypto is by far more secure in a platform like Benance than anywhere else, as long as you have your computer and mobile devices fully secured. If anything happens to your Bitcoin in those platforms, you have someone to hold responsible and get your money back. When you take full responsibility, you bear the full loss if anything goes wrong.

This may sound naive to to some but a Dedicated Gmail that you access only through a secure whitelisted phone is the best place to store your key. Gmail is almost impossible to hack If you take some simple security measures.

I will not use all of 2000 bitcoin at once because that can make me in trouble. After all, the banks will be suspicious of my account and investigate it and ask me. It is better to use some amount to buy a house and do not withdraw that funds at once. You can withdraw for a small amount and repeat the process many times to avoid the alarm from your banks.

Anyway, I store my keys in a safe place, and only I know that place. I do not tell anyone, but I write a letter just in case I can't survive longer to my family to continue using my bitcoin. I also tell them how to use bitcoin, and hopefully, they will use it right.

In general, this is a very important question. It is always important to pay enough attention to safety. For example, I try to store keys on different sources.

I personally would use a number of different things if I had that many bitcoins.  I would keep a number of paper wallets that are simply very well protected, I'd use metal engraved key tags and perhaps I would try and learn a private key stain or two, but that is pretty difficult and something you'd have to work very hard at which I'm not sure would be completely necessary.

if you really have 2000 Bitcoin assets, tight security is really needed, and only me and trusted people can access, and the security of the private key backup data will be maintained. If you use the Swiss Crypto Vault service, which offers an anti-nuclear safe, it might be a solution because it is a very valuable asset. But a simple way that can be done is to also engrave it on a steel plate or aluminum plate and store it in your personal safe which is sure to be safe or buried underground.

i have not so much worth of money. btw still i used tricks like you have been mentioned that, physical store is the best safest way i think.
before printed my private phrase, i edit that like i removed 3 digit from the middle of the private key and which i never forgotten.

As long as you don't have a large number of bitcoins, you can store your keys anywhere, writing them down everywhere (sarcasm).
But as soon as you have accumulated a decent amount, I doubt that you will trust even the most popular and well-known exchange. And also Google credibility is the last thing I choose for today.
Therefore, all the talk that if the exchange is hacked, you can demand a refund, may sound from someone who does not own a large amount. Once a person starts to worry about a significant amount, he is sure to find out and protect his assets in smarter ways.

Yes, 200 Bitcoin is a lot of money but splitting 2000 BTC into 10 equal places is what's important cause it how keep the wallet seeds that matter.


All the wallets you said are safe mate but only if you prevent human error just like you're still doing by keeping your wallet online. I have an important message below for you to read.

I think there is always the concern of where do I keep my secret keys? But the issue lies in a greater complexity than even using a bunker (eg).
In fact of the actual use of bitcoin at some point, because the fact that only you know what your phrases are or where they are stored only guarantees that Nobody can enjoy them, for example if you suffer an accident that limits you in the use of your mental abilities or you die, then it requires the use of the many traditional ways that exist, that if adding the extra security in the use of bitcoin.

In reality, although it seems very technological or novel and safe to use all the mechanisms you mention, in practice it requires the addition of certain very traditional or conventional rules, which include legal standards.

In any case clarified the above, die-cut in metal. The other alternative is that I would write a book of poetry and in the prose I could include some words and the last one I cannot mention is private.

Being careful in taking action is a pretty good thing and always have a back-up plan so that when unexpected things happen as you feel right now you can be prepared and stay calm.
still don't feel phobic about this. suspicious of something and feeling insecure is normal when it is done properly.
and rough wallets can actually be used as an option but of course with some extra measures and minimally separating them into several parts.

Depends if no one except me knows I have 2000 Bitcoin I would quitely store them in a paper wallet but in this very case my identity as a crypto investor is known by people around my neighborhood so definitely it's obvious to go for the military grade vault so I can stay safe because it's becoming more riskier by the day to disclose your indentity as a crypto investor

If the identity of the owner of 2000 Bitcoin is revealed it will certainly become a target for crime, because many want to take it. Being completely anonymous in cryptocurrencies on a blockchain engine will not be possible, because every transaction will be recorded and where it ends up.
but it will not directly give your personal identity.
Security is the number one thing that must be maintained. Wherever you store it you must be sure that only you know it.

If you have multiple keys my advice is to keep more copies in different places. Just have in mind that these are safe places where only you can reach them. Don't only keep them in digital form, put them in the paper too but when it comes to storage of them develope something that will help you memorise where are they stored but in a matter that will not help others to reveal it.

Has anyone here just stored everything in coinbase or gemini and make sure their two factor authorization is set to google authenticator or authy and then that was good enough? 

Maybe some person's have tried it but since you have the experience to store it why can't you explain more to enlighten those once that don't know anything concerning it, like to pass the knowledge to one another

I save it in excel then I password the file, and it's been more than 3 years I've been doing this and everything is fine, I usually send every update with google mail, I'm sure if we activate the password for excel it will be safe because I use software full license from microsoft so everything is safe.

You can store you keys in Your mobile notebook or you can save it in your personal diary. These are some personal places for save your keys and files.

Ill store it in the the safe place obviously, i wll write in in the paper and put it in the safebox, on my harddrive and set the password for it, and maybe ill copy that files-encripted to all my offline drive, just in case one of from all my drive obsolete or broken.
If all my drives are not working, ill back to my safebox where i can find my password on a paper.

Don’t keep all your bitcoins in one place. As the rule says, it’s not safe to put your eggs in a single basket. Keep it diversified to keep it safe.

it's better not to store the key on a laptop or android because there is a possibility that it can be hacked, it's better to store it in a notebook and store it in a vault, it's safer in my opinion.

I'd rather keep my own keys than let other companies or group of people keep my keys.
Not your keys, not your coins.

For me, I already kept it in a storage where I'm the only one who knew it. Maybe its an advantage for me that I'm the only one who knows crypto here in our community because they don't know that I'm holding that huge amount :D. I also kept all of my Bitcoins in different platforms/storages. A huge percentage of my Bitcoins are just in a wallet sitting there while a small percentage of it are in an app earning passive income. Yes they are holding my Bitcoins but I trust them and I'm ready in case the worst happens (I hope not).

I made two copy of my pass phrase and gave them to my grandparents to hold for me. I know they would never try anything because they’re living a country lifestyle and don’t really like technology.

What if they misplace it? or someone stole that from them? then your phrase will be compromised ? though that is a tough but brightfull decision  because yes Older generation don't even know how to deal with technology so they will never got interest in learning what inside of that and how to manage taking it out.
but if someone encourage them and teach them the importance of these then you are in deep trouble .

I store key in my dairy or in my PC. I think my keys are secured in my dairy if lost my dairy . I have backup with the pc . So i have no fear to lost my keys or miss use. I feel completely safe.

i prefer personal hardware storage like trezzor without any security.  In addition, we can easily control the hardware wallet that we have at any time.  it's different if we use security such as a safe, it's very difficult for us to control at any time and must be for a certain period of time

right now, i'm store my private key on the flash drive, and my flash drive are save at my personal safe, and i think, it very safe, but another people say saving the private key on the hardware wallet, hardware wallet is the best choices if you have more money to buy it, because it working offline and you need to access it with your password / biometric

I guess it all depends on how much you’re storing, buying a military grade vault just to store a private keys that stores a little amount of crypto, that’s quite funny. I have never really bothered myself that much because the amount I have is not something that I would have to be looking for the keys to heaven to store it there lol. I make use of some notepad to store my keys, and of course I am sure that it is safe. It’s saved both online and offline in my little thick covered journal.

I know that some would say that the online means I used for storing it is risky because they believe that it would be hacked, but trust me I am aware of that and I’m very careful about it. And moreover hackers won’t just pop out of nowhere and hack your system, except you make mistakes that leaves traces online for them to follow.

I don't see a need for all this high power storage  ;D even if you have 2000 bitcoins. 2000 bitcoin sounds much now but I believe years ago, people hold this and didn't worry about anything, and likewise today, I still believe some people hold this much and more and don't have their PW stored in any military vault and the only way people know how much you own in Bitcoin is because you told them. Your keys on the diary in your home vault can also do this work.

who told you mate that investors in the past did not mind saving their keys? or not aware of the incoming issues?

because those early adopters are the one who looks for safest way to store their coins and what? Diary or Vault? at least you know that those places are the main target of people that will try taking your coins?

The answer is simple, I'll store my private keys in my same old SanDisk flash drive because no one knows that I own 2000 bitcoins. I was storing my private keys on SanDisk flash drive for years and I never had any issues with them thus why go for the military grade vaults or nuclear bunker? are we at war? come on, men, that is just another way of wasting money, period!

safe and not secure your crypto wallet is not on where you store it but how you often use your wallet is often easy for hackers to hack your wallet account. many investors carelessly use their wallet addresses so they are easily hacked by hackers

If I had a such huge amount of btc, taking the keys to vault is not save to me. Bank vault, jewelries vault are been attacked nowadays. If this perpetrators knows any crypto vault,they will attack it, it is just a matter of time before they do. I will prefer burying them in my house with my family alone knows about it.

This is too much drama with all these military-grade vaults for storing private keys to your Bitcoin stash. For anyone to have such an amount then they also have a good knowledge of storing them. I would break the Hodls in smaller amounts in different wallets with their private keys written in parts too saved in different locations.

You should store your keys in your personal note book in mobile or computer or in your personal diary and you can save it in your brain permanent. These are such ways to secure keys.

If I have so many bitcoins, I will record my private key in a notebook and tell my family that I am afraid that my assets will be lost if something happens to me. I think we should trust my family, because when we pass away, our assets will be left to our children. But in reality, I may not even have two bitcoins.

But 2000 btc is a whooping sum to store In a wallet or in a vault it's better to diversify your portfolio and send some Bitcoin on erand so while you wait to earn from holding which comes in massive you can still earn through other means like trading or running an exchange so you make profit from both ends

Low that is funny...if you don't want to stress yourself more. I think for those person who are lovers of tattoo, you can always encrypt it on your body, and nobody will know what it means. Does that sounds cool? That would be the best way to hide your your phrase key and nobody will understand what it means.

If I had a huge stash of Bitcoins, I'd store them in the safest place possible. The seed would be engraved on a metal wallet (preferably titanium), and locked away in a military-grade vault. Burying it underground would be the best way to help protect your stash of BTC from theft. You'd have to be very careful where you hide your Bitcoin, especially when someone knows you're already into crypto/Blockchain tech. Any carelessness could put all of your funds down to waste. If you take the proper precautions of securing your Bitcoin against malicious actors, no one will be able to steal your money. 2k BTC is a lot of cash at today's exchange rate, so losing it all would be a very unfortunate situation. Just my thoughts ;D

Definitely, you didn't read my post well. I never said the investors in the past did not mind saving their keys? I said, they didn't worry about this high power storage, and like you claim if they did worry and aware of the incoming issues  ??? whatever you mean by that, why did many loss their private keys? because they were not serious about safe guiding or storing it as we do now. I can 100% tell you that I don't have such an amount of Bitcoin but with how I have stored my PKs, I am never losing them except something happens to all locations at the same time and at least you agree that Diary is just enough which is my whole point.

diversifying assets is one option to maintain the risk that will occur in our assets. With such a large number, of course, if you are a person who doesn't have much time, you will certainly prefer to invest, and of course security is the main choice even though you have to pay for it.

With all the replies that I have read, this is the one that struck me the most.

It is obvious that if you are holding a significant amount of BTCs in your wallet, it is highly advisable that you allocate them into separate hardware wallets (NOT EXCHANGES) for maximum security and anonymity. In addition, you could also keep your hardware wallets in a relatively safe vault with the information being given to your immediate family in the event that something happens to your life.

I remember, I have a friend who kept 150+ BTCs in our local exchange and his coins were frozen when he attempted to withdraw and cash it out due to suspicious activity.

if really have 2000 Bitcoins, of course some will be sold and some of them can be reinvested by trading or investing in new projects.
Trading and investing will provide you with a great portfolio if you understand how to trade.

For the rest of the Bitcoin that is stored, maybe the private key wallet can be stored on a steel plate written with the private key and stored in a safe place for you. Because the private key is the main key of the assets owned. stored in the ground or in a safe of your own and many other options.

Exchange platforms couldn't really be totally safe no matter how known or popular it is then there would be always that risk
neither in talks of;

1. Possible hacking events
2. Regulation/Enforced KYC and other aspects

You couldn't really tell on what would happen that's why you should really be aware specially if you do keep
high amount of coins then its just sensible for you to choose whats best.

Idk if this is another way to waste money. For a considerable amount of BTC worth millions of dollars having that piece of mind might not be the worst idea. yes, you might need to pay a substantial for such high level security but owners of thousands of BTC surely won't find that too high when the stake is several times higher. I suppose another way to look at it, is from a personal point of view. Some people prefer simplicity, no headaches and thus bunkers are the best option for them.

Securing the key even of a piece of paper or a flash drive are all reasonable approaches but it is up to the user to decide how they want to play their fate!

seems overkill if there is a huge storage cost. I think at this time for the storage of bitcoin assets it does not have to have a high security system, but the most important thing is that our storage is in a safe place. it's better than wasting a lot of money

I have to spread it to multiple wallets addresses for more anonymity and safety.
Investing outside crypto is also the best idea, we even use it to grow our money as holding doesn't give us any but just risk.

Another option is that if there is a bank that will accept Bitcoin, I come to visit and deposit some of my Bitcoin even it require KYC (that for sure it was been asked because of its amount).

Anyway, what makes it important is we know what As to keep it secret will add safety.

Investor who hodl 2000 BTC really has to worry about safety of his keys from his BTC digital wallet. The safest variant is definitely to learn those keys. However it’s not a problem for him to withdraw some part of BTC or to pay in BTC for holding his keys somewhere in secret safety bank deposit box. There is one more variant (cheap and risky): to find some secret place in house/flat and to hide there a tiny piece of paper. But I think that I would rather hided keys on my body (made a lot of symbolic tattoos on different parts of my body or one big with hidden small in it) and remember the sequence.

Almost most of my crypto assets, which is around 70%, are ERC/BSC wallets and bitcoins are around 22%, I store them in the book and I replace the 10 characters on the back so that if the book is lost it can't be stolen, other than I write it in my book Also save in the image I saved on Google Drive and One Drive, and I replaced the 10 characters with what I remember.

Holding bitcoin is quite easy but keeping it safe is quite difficult because of the hackers that have advanced a lot in the field of hacking.
They could hack your wallet and get access to all your money and you may be having nothing within seconds. All of your money must be transferred to another account and you would be not aware of it.
The time when you would know about it, you would be facing a great loss.
To avoid these you seed phrase must be kept safe in safe places or you must be Keeping all of your bitcoin in some hardware wallet and not giving it access to anyone

There are currently no banks that accept Bitcoin for deposit. There are many ways that can be done without the need to rely on third parties such as banks.
Keeping a personal wallet containing bitcoin or other assets secret will indeed increase security, because there is no publicity about ownership of the wallet.
Anonymity is very important to avoid evil that could be stalking the owner of the wallet.

That is called "redundancy" and it's vital to ensuring the safety of our hard-earned Bitcoins. It's all a matter of making multiple copies of your wallet to help preserve it for generations. The most secure way to do this is by creating multi-signature wallet where funds can only be spent if multiple parties (in this case, family members) sign the transactions with their corresponding private keys. For a family of 4, you can make a multi-sig wallet that would require 2 out of 4 keys in order to unlock it. If something happens to you, other family members can still access the funds with their keys. There are so many ways to help secure your Bitcoin limited to your own imagination. Large amounts of Bitcoin must be well-secured especially when hackers, scammers, and thieves are on the rise. As long as you follow the necessary security precautions, you'll have nothing to worry about. Just my opinion :)

Storing keys is the major problems faced by everyone nowadays.
Every one says to store them at a safe but where actually the safe place lies? The safe place is actually safe until someone gets access to it .
I think keys must be stored in the word or Excel files and then these files must be stored in different places which must be more than one. So in case if you lose keys from one device then a copy of these must be lying somewhere else safe and sound....

Agree it is the best to have it online and offline. I think dont just store it only in the flashdrive have a hard copy on it like youve wrote it in the paper since we dont know if the flashdrive will got corrupted or loss . The best is to have a lot of copy just to be sure you will have access to it but make it secured also because we cant trust all people

When you do have lots of coins then it would be sensible on having those options but if not much then it wouldnt really be not much needed but if you do really mind much about security then you could really take this

option and as long you do have that common sense and awareness or been doing with just the basics then you would be still putting yourself into safer spot.Just like me on which i havent really make use of HW
or anything as long you do keep your keys on the sweet spot then you wouldnt really be bothering yourself about getting scammed or hacked.

Anything more than probably 5BTC is worse considerable effort to keep it secure as hell. You can split up your seed to different locations. You could engrave your seed on a bar of metal & bury it in concrete in your garage. You can get inventive, if you don’t want somebody to know you have something or find it then you will find a way to keep it secure.

Sometimes people are already become too paranoid when it comes to security thats why even they do hold a small amount of coins they are really minding about on how to protect it
and i agree into your point that as long you are using your own common sense then you wont be easily be facing up problems.
Just be sure on using non custodial ones and if you are involved with trading then only deposit on the amount which you do make active trades
and dont ever make it as a main storage of your coins.

Keys are very important and the main problem it how to saev it,If any HOLD more than 100 BTC it is big threat for him or her to save for it.While the vaults and physical wallets improve the technology in other hand the Hckers ar using latest technology to reach the wallets.So Hardware wallets are more secure than the onlne,Care about your keys write down on papers and save papers in physiocal valults.

If I had that many bitcoins I would keep my keys in a private vault and keep my safe. Where to enter a room with a safe, I will give you a personal password that only I can access, for example a password with my voice.

I personally have all my keys offline and have my funds scattered different wallets and also across hardware wallet, with just my wife knowing the secret place. I don't think I can trust a third party with the safe keeping of my keys.

Using vault to lock a key is also known key within a key. Which is also good to keep crypto (Bitcoin) key. But device is unpredictable which can be spoiled or damage at anytime. There are many places one can keep or store his Bitcoin key or password. You can store your password in your heart or brain, a sheet of paper, note book, email, your wife or daughter, another phone, desktop, laptop (PC) etc. But I believe the best place to store crypto currency (Bitcoin) key or password is your brain and a jotter. In the jotter or note book, if in case you forget the key in your brain, you can easily get it the hardcopy store (jotter or note), to access your wallet.

In addition, you can also tell your son, daughter or wife so in case you pass away, they can withdraw the funds from the wallets and use.

I dont have much, but I hold my private key in a text file on desktop, and have some 2FA QR code picture in my email as a draft message.
Havent been hacked yet (but now probably a great hunt will begin). I have M1 macbook. Have been accessing email only from mac, have been accessing walling only from this mac. I fully trust mac, testing how long will my defence last.

Didn't have to go further bothering myself much over storing mine,I just wrote down my keys in 3 different places and I stored it in a fireproof save in an underground house, where it is only accessible to my brother and I but in a case where I had 2000 Bitcoin, I would prefer to store it in a safer and secured place like ledger nano wallet and other most secure wallet.

As long its airgapped or a device that seldom been connected to internet then i would see it fits when it comes to security but the main problem of yours on here is that you would really be having the possibility

of hardware error or problems/issues since we dont know on when that Mac would stop working.Try to make out some back up write ups in case that mac would fail on which you wouldnt have the risk

on losing those assets/coins of yours.Having several back up isnt a bad idea as long you are securing it on other peoples awareness or exposure then you should be fine.

There's no need to prepare an anti-nuclear safe, and the amount you say is too much. However, if indeed I have as much Bitcoin as you say. In the event of a nuclear attack, I'm also not sure if I'll still be able to see my Bitcoins. Because nuclear power can make humans die in an instant. Try to think realistically, these keywords are very easy for us to save in our personal software or Gmail. And we can also remember it by memorizing keywords.

I like these ideas, especially the good ole' written on metal and buried. Another idea/option is to write some kind of software that encrypts the keys, into something that looks common like a phone book with numbers, then can decrypt it back. That software can be hosted somewhere that is easy to retrieve.

it seems too hard to choose such a high level of security, I think breaking into several wallets and storing the keys in a safe place like google drive is enough. but we can't blame the people who use their services, because there are people who prioritize the security of their assets even though they incur high costs, but they are worth the nominal they save. Anticipatory steps need to be used to avoid things that are not desirable

How do you know your keys are safe and secure in cloud storage? It might seem that the cloud makes things more secure, but the reality is quite different.

The cloud can be hacked and data is only as secure as the company that stores it, and only as secure as the encryption algorithms that are used to lock your data. Think about it like this: a hacker hacks into a cloud storage provider, gains access to all of the customer data that the company holds, and the only way to prevent this from happening is to avoid storing the data in the cloud in the first place.

If I really had such a valuable bitcoin, I would take all precautions. I never give my asset to anyone else, like other third party. And I will not keep this bitcoin in any one place. I will take it to a good exchange and a good address by splitting it into several separate hardware wallets as well as its sections. Then I have a responsibility to protect his words. I will plan for it in time and keep it in a proper place. And keep the information to two or three people close to me so that it is preserved.

I store the keys in the book I usually use, then I take a photo of the keys and I save it on one drive with a different title and it won't interest people, of course I set the private image to be safe. and until now this simple technique has worked because the bitcoin balance I have is still safe.

Saving of private keys is best to safe offline, because those who save their key in their email it can be easily be hacked with the email, so that is the reason is encouraging to save offline, writing it on a paper is very nice and you is easy to get it back if it's properly documented, ig your children or beloved once can easily access your account if you are no more from you record of documents, but making a photo shoot of the private key can cause someone to enter to your wallet, i seen that like wrong aspect of savings a private key, because you can misplace your device and through you photo storage some can see your keys and moved in to your wallet, so from me it is not for me

Back in the days when im still a newbie, i did really make out some storing of my private keys on my gmail account until i do realize that it isnt really that 100% safe.As you do gain up experience
you would surely realize on what are the things that should really be done for you to save up with that specific risks on losing your assets since everything almost could really be exploited.
So if you do really care about security of your assets then having hardware or offline storages would really be much preferred or much more safer.

It's true that a hacker can "steal" your keys from a company's cloud storage servers, but it's easy to protect yourself from that if you use encryption and obfuscate your data. By obfuscating your data, I mean disguising a file as something else. For instance, you can create an encrypted RAR or 7z archive containing the keys and then disguise it as another file (text file, word document, etc) by changing its extension (from .rar to .txt, etc.). Something that won't bring unwanted attention will keep you safe no matter what.

If I were the OP, I'd store my keys in more than one place (redundancy) in order to make them last for generations. There are so many ways to protect your crypto limited to your own imagination. As long as you follow the necessary security precautions, you'll have nothing to worry about. Just my opinion :)

Indeed that having the 2 copies are great way to store our wallets but either of the 2? the most important part is where we will be keeping them safe because having 2 copies means having 2 chances of being stolen our funds so taking care of those 2 are the interesting part and way to keep safe our funds.
I am keeping mine in the most safest place for me but I will not reveal it here as i have some friends that also in bitcointalk that may threat my funds .

I have a very small and simple, but I think quite secure way of storing keys and other sensitive info as backups of my passwords I use in all sites I have registration.

I create an encrypted VM. Install Debian inside and install everything I need. Then, after installing every software I need and update the OS, etc, I simply remove any network/internet interfaces from this VM.

Then I run the VM, and create a LUKS encrypted container inside the VM where I save all the data I need and encrypt it inside the VM. I use GPG to encrypt files, folders, etc. This container is also encrypted itself with LUKS.
When everything I need is saved I close the container (which gets encrypted on closure) and finally I shutdown the VM. Finally, this VM file is also encrypted using GPG already in my host machine.

I also have at least 2 copies of this VM file in different places (not forcefully inside my host machine).

That is my small and simple OpSec for my sensitive data. I have several layers of encryption in case any of them fails!

Yes, that's right, 2000 bitcoins is a very large fortune and we are one of the investors who will always be monitored by others. this makes our condition unsafe. so the safe is the best solution from break-ins and other attacks.

Wouldn't it be much better if I memorized my backup phrase? or write it down and leave 3 blanks words or phrase which you memorized in that way even if attackers find your phrase they would not be able to open your account. I have this question for a long time, what could be the advantage and disadvantage of this?

Securing may be a main priority to any crypto investors. Because there is so much hacking occurs in every investors wallet. So insure safety, you must store your keys to the safe places such as your email drafts, in your safest online notes or may be in the notebook of yours at home

In this case, I would probably first divide this amount into different wallets. On many wallets, with different balances. That is, I would do what is called risk diversification. Also, for storage, I would use various options: from physical methods (e.g. described here Securing Your Seed Phrase with Washers (https://bitcointalk.org/index.php?topic=5389446.0)) to using hardware wallets (various manufacturers). The part BTC that will be stored for a long time would be placed in a more inaccessible place (divided seed-phrase into several parts in different places, for example, in a bank cell), and the other part would be kept at hand for current needs.

To be honest, with such a significant amount as 2000 bitcoins, it seems to me that other methods will already be required, because the price of the bet is very high.

  

I have also used the same technique. Although there are a lot of people who will tell you that this is not a safe way for you to store your private keys. But, I’ve been using the method for quite a long time now And I have never had any issues at all. Just as you are doing it, I store it on the one drive and save it with an information that wouldn’t  interest anyone.

And then I make sure that the account that I have stored it in on the one drive is an account that I don’t share or use for anything at all. Although all my accounts I always make sure that it's really safe, and I don't really give it out. I have a busy account which I use for whatever thing that I would want to do, and there are the ones that I do not use for all those stuff.

That's a smart way but what is if something happens with you, then your descendants have to know the way you have stored it.
I think they won't come up with the solution on their own unless they explicitly know that you have "hidden" Bitcoin.

Personally, I would make it very simple. There are special stainless steel plates on which you can engrave the seed words. Such plates are available from $30 on Amazon and your seed is protected from wind, water and fire.

I write them all down in a notebook and keep them in a safe and a copy in what I consider safe to me. I don't leave 3 words blank instead I swap the places of some words and my task is to remember exactly the words that I swapped places.

Your method is pretty cool too, but if you only have one bitcoin wallet it's very easy to memorize those blank words, but let's say a person has many different bitcoin wallets it becomes difficult because we cannot remember all those blanks words.

In general, you should not rely on your memory too much, since humans' mental powers are far from perfect and it can fail over time. For instance, experts have long known that we can tend to overestimate how well we remembered things. And that is why it is better to write things down than to rely on memory alone.

To ensure that your seed is protected over time, create many backups and make sure they are stored in multiple trusted locations.

How do you guys feel about putting the seed phrase into bank safety deposit box inside their vault? My local banks boxes need 2 keys. One is in the hands of bank, one would be with me. And if I suddenly die, they would tell my kid that I had box there and my kid would have access to that. So it would prevent the loss of phrases in case of sudden death.

1st thing would be to split those 2000BTC in at least 10 or 20 different addresses. Then I would think about where to store them. Probably would also chose different places, different systems, etc. Never put that much BTC all in one place, one single media, one single wallet, whatever... Split that shit for sure!

There are many places to  store secret keys you can find many of notes application on google. But it is risky because if anyone access you device then he easily access you note book so it is good to store keys in  paper dairy and put it on secret place.

Not everyone has that kind of money to be making use of a military grade vault to store their private keys. There are still many other ways that you will be able to do that without having to spend much money for it. The only important thing is that you never get to store it online where it is susceptible to hacking.

You can even make use of paper wallet, and after you have written your private keys on it you can then laminate it to keep it safe. And if you have a vault, you can keep the paper inside their safely. Some people also recommend cryptosteel  which is resistant to water and fire.  it is sold somewhere around $100.

Storing key online with much security in it is no doubt a very good way of storing your private keys but with all this security in it, it is still susceptible to hacking. Using online sites to store your private keys is not the safest way, I’d suggest it is saved offline, on a paper or something else and be stored in a vault only you can have access to. If it isn’t still prone to theft in the vault, you can write it on the paper with a language only can understand and depict immediately when you go through it. That’s the best way I feel your keys can be saved.

Have you watched the movie "The Bank Job (https://www.imdb.com/title/tt0200465/)" with Jason Statham?  :D

Seriously, I would not rely solely on a bank's safety deposit box. What if there is an earthquake or some other natural or man-made disaster and the contents of the safety deposit box are inaccessible? A safety deposit box is not as safe as people think, but having seed in a second location is always a good idea.

Agreed, but I feel the bank is more secure location than my own home. With earthquake, fire and flood. I have to learn more anyways about banks policy about is there any chance for their employee to gain access to the box without me.

Well, to think of a nuclear explosion would be something very exaggerated, but it is unfortunately possible, more so now when it comes to war like the one that is happening in Russia and Ukraine, which in a moment will result in world war if things go wrong. of control.

Thinking about it, sometimes I see that saving the keys in Gmail is like leaving it very much in the cloud or with easy access for a hacker, unless you have a SHA-256 gmail key and then when you enter it you have it in a file with double encryption , Which to do double encryption is already something exaggerated, I think that although it sounds very trivial, and very banal on paper it is one of the safest ways there is.

One can opt to save the keys on a personal computer wallet. The keys will be retrieved only by using a password.
Second, one can also prefer to print the keys on paper and keeping them in a bank locker.

It's probably too much to hide your seeds in an anti-nuclear vault, I don't have many bitcoins but enough to keep them in a trezor and hidden in my private room, so I don't deserve to have a safe and keep it in a place that no one else knows.

you are right, but the matter is the place that can be okay. And depending how scure is your computer, if is computer everyone touches is not good to store or save your private keys in your computer. People being recommending saving offline as you said about paper storage of private key, but only disadvantages for paper storage of keys is house burnt, if mistakenly house burn by electrical installation or appliances, your private keys cant be retrieved

Some opt to safe it in USB, on their laptops locking it with more keys which I think is a good idea but as everything you have the risk of being robbed or erase the data by mistake.

I always like to keep the private key of my wallet safe. This is very important. I have written these in my personal diary. I think, that is safe.

If you have multiple keys my advice is to keep more copies in different places. Just have in mind that these are safe places where only you can reach them. Don't only keep them in digital form, put them in the paper too but when it comes to storage of them develope something that will help you memorise where are they stored but in a matter that will not help others to reveal it.

I will save in different places and first is that I will memorise the keys by all means, I will save on my device in a coded way that only me will remember and then memorise the hints for it. These ways am cool. Going for the Swiss fault is my last option.

I'm probably more of a supporter of old-school methods, because in my case I trust my private keys only to my paper notebook. I don't use any other media anymore, and I'm very suspicious of any electronic media that can help save passwords or any other sensitive information like private keys. For me, my notebook, locked in a drawer, is a fairly reliable tool.

I think having a physical copy of your keys is your safest bet to preserve your crypto for generations. Without any digital trace, how would hackers be able to successfully steal your crypto in the first place? Only a burglar will be able to "steal" your crypto if he knows the location of your keys stored in a physical medium. The best practice to help protect your crypto is to exercise discretion. By making a physical copy of your keys and storing them in a discreet location, no one will ever find it.

There are many ways to store your keys securely limited to your own imagination. As long as you follow the necessary security precautions, your crypto will last a lifetime. Just my opinion :)

You should store your keys in notebook in mobile. But it can be hacked and stole so make your keys save in personal dairy then it can be safe from hackers.

actually all storage will always experience things that will conflict and will not be able to guarantee properly.
The best security is obviously being able to memorize and store it in your own mind, but there will be problems if you experience senility due to illness, it is clear what will be given to your successor cannot be done and will disappear with the circumstances experienced.

there will always be a good side and a bad side that will happen with whatever storage will be done, because no storage that will really be able to guarantee it will be safe, if always in contact with other people.
Good storage is clear that only relate to the closest people because it will be a link that can be immediately given when the owner has a problem.
so hardware like tresor, nano s, keepkey etc is the best option in my opinion.

Bitcoin is an digital asset, which you have said it all by mention military ground, which any mistake private get compromised, it has been automatically lost by the next person that has the access to the asset. therefore, i prefer saved my private key on Note pad and has a duplicate on flash drive as back up.

There is no universal way to store keys. Any of the methods is good only for solving their own problems. Keeping information about seeds-pharses in your mind also has a number of advantages and disadvantages.

This method is good because you have access to the "data" alone. So far there is no way around this other than using the "5$ wrench method". Also, the advantage will be quick access to keys due to the constant "carrying" with you and the ability to freely transport across any borders to anywhere in the world. The disadvantage may be that "memory" can bring surprises, in the form of loss of part of the information due to age-related changes or the influence of the "5th wrench" due to trauma, followed by loss of data. That is, this information carrier is very fragile and not reliable.

Storing the "seed phrases" in your mind is not recommended, since there's the risk of losing access to your coins if you forget the seed. This is no different than a "brain wallet", if you ask me. If you really want to be safe, then you'll have no other option but to make several copies of your keys and store them in a discreet place. Redundancy and secrecy are the keys to preserving your crypto for the long term. If you do it right, your descendants will be able to access your Bitcoin without difficulties. There are many ways to store sensitive crypto information limited to your own imagination. As long as you follow the necessary security precautions, you'll have nothing to worry about. Just my thoughts ;D

If you think it is the safest place then keep it there. Because I think the one who knows the safest place is ourselves. Maybe other people's input or experience can be a reference for us to save something important, in this case the wallet's private key. But then again the one who knows the safest place is ourselves. Because if we follow what other people do sometimes we forget where to save it because we are not used to it.

As long as you keep it wherever you feel safe and no one can steal it from you, but storing the private key on a computer or phone that is frequently connected to the internet is not recommended. It is very risky that someone borrows your computer or your computer can be attacked by hackers at any time and steal the private key. Store it offline and where you feel safe.

From my own personal experience to me storing online is not the best to me. The first wallet I was using I store the seed Phrase in one of email so  that I can easily get it at anytime but the email got hacked and I couldn't recover it again. If a seed phrase is stored in online or in any device, it should also be store in a notebook that is safe where no eyes can find it. Information that is written in a book last longer and always safe.

If you stored on personal computer and get spoilt beyond repair. Which ways will you get your private keys back? Those personal computer storage of private key is not good to save keys. Save your keys to the place you have without the helps of electricity power supply to turn your system on before reaching your private key. Writing it out and save offline is the best way of saving private keys without much stress and is going to be good security again. Because if somebody touches it were you kept it you will know

Nearly 2 years I use Trust Wallet, the thing that makes me optimistic with Trust Wallet is that we have a private key from seed so that when we lose a cellphone then we easily recovery, the most important thing after we make wallet is writing the seed in the book

I mean, I am not sure if I’d trust that with my keys. It is a safe specifically for crypto keys. Plus, I just can’t trust someone else with something that I value. If random robbers check my vault then they wouldn’t care for random papers unless they know about crypto and all. Still, I’d prefer to do it myself. .

Being security conscious is very important and should not be taken for granted. The type of storage for crypto assets has to do with the amount /worth of the crypto assets. Once assets gets to millions of dollars then it is better to seek unconventional means to store the assets. Apart fro hackers, disasters, both manmade or natural, sometimes do occur and it becomes very crucial to devise storage means out of the ordinary. So long the storage is affordable, then it is netter to opt for it and not take chances. With up to 2000 bitcoins, I will prefer a military grade vault built within an accessible area not necessarily on the Alps but should not cost more that 5% of the Bitcoin to be stored.

memorizing keys is not the best choice for storing keys not something that you always remember will last a long time especially if it has long been lost from memory for sure your keys will be lost to keep your keys safer, store them on paper or on disk, don't store them on an android connected to the internet can be hacked by someone else.
memorizing keys is not the best choice for storing keys not something that you always remember will last a long time especially if it has long been lost from memory for sure your keys will be lost to keep your keys safer, store them on paper or on disk, don't store them on an android connected to the internet can be hacked by someone else.