Bitcoin Forum

Does anyone use a bank safe service to leave your trezor or whatever you use in there? I have been considering which would be the ways in which one could leave physical backups somewhere else than your own home. If you don't trust anyone to do a good job in keeping the device safe, the only way I see is that you either own 2 homes, which I don't, or that you hire a service in a bank where you can leave the stuff in there. Im assuming there's good security, and no one could realistically get in there, at least in any developed country. The only way would be that an employee is dumb enough to attempt a heist from inside but that's also unlikely.

Could you explain your experience doing this and what to considering when hiring such a service?

I'd advise comparing prices between sage deposit boxes and self storage (self storage is probably about as secure - especially if you're using a passphrase stored elsewhere or multisig between multiple places - attacking them is also less lucrative as safe deposit boxes mostly have things that are expensive to everyone and self storage often just has things the renter won't want to replace).

Additionally, in case you're weary of where you've placed everything, they might be faster to access too. The security likely also depends on you not telling anyone who knows enough about you where they might be too.

It is confusing what you say because first you talk about private keys and then about leaving your hardware wallet in the safe of a bank. I see less of a problem with the latter than the former.

If you have a lot of capital and only one house I think the best solution for you would be a multi signature wallet where you need 2 private keys out of 3 to be able to manage funds. 1 is held by the company but with that key alone they can't do anything. Another key you have at home, and the other in a safe at the bank.

If you have a second home, instead of leaving one of the keys in a safe at the bank, you leave it in the second home.

Why you have to save your private key in bank vault. You trust a third party to keep your private key safely. Even you can trust them and their service is good, the service cost should be expensive.

You can take care of your private keys safely only by yourself. Think of reason why you keep your private key in bank vault? It is for recovery later, what you save is only a backup.

And you will have your private key in hands, on your devices to spend your coin. You can not go to bank everytime you need to make any transaction. It is time wasting and unnecessary.

If you use bank vault service, it should be for a wallet with big fund. For a wallet that you store small fund for regularly use and transactions, you should save its key by yourself.

Why should you secure your decentralized assets with centralized services?
I think using a safety box and keeping it hidden at home is enough in my opinion, especially if you don't have a large enough asset because storing it in a bank also costs money and moreover you can't access it during an emergency.

Although extremely ironic, this is indeed a sound option if you doubt your capabilities to self-custody. I actually remember no less than the popular Bitcoin preacher, Andreas Antonopoulos, admitting that one of his backups is safely stored in a bank safe. To me, this is indeed an option. After all, robbing a bank is much harder to do than robbing a house without a single security staff.

But forget about owning a couple of houses just so that you could safely keep your backup in another house. Each house is as vulnerable. So that's ridiculous. Not to mention the cost of building that other house. That's more absurd than keeping your wealth in Bitcoin but storing the private keys in a bank's safe.

Don't miss up security consciousness with decentralization talk. Natural disaster, robbery don't understand that word. Whether it is kept in the bank or at home, the priority is to keep it safe, I don't see what decentralization got to do with that, it is not that they will open to see what is inside.

Anyone who is looking to store his/her crypto assets key in the bank or in another separate secured place other than his/her must have large sum.

Yeah, it's ironic that if we decided to leave our hardware wallet like Trezor for safe keeping in their safety deposit box because we can't leave it at home as there are a lot of bad things that can happen like fire etc.

But I would say that you can also invest in steel armored plate? You can read a comparison in here by @OcTradism

https://bitcointalk.org/index.php?topic=5278839.0

Or maybe you can buy your own safety deposit box and put in at home, but you have to choose the good one.

"If you don't hold it, you don't own it."

"Not your keys, not your coins."

If you are going to trust a third party with your money then it doesn't make sense to keep it in crypto. Banks not as secure as people think. They may look like they are secure but there is a big flaw which people fail to see. Banks will always do what they are told by the government. If the government comes up with a law to seize the money of everybody, the bank will have to comply.

Even if you have a hardware wallet with big funds (cryptos) in it, I want to believe as I might have mentioned before, only if you tell anyone how much worth of crypto you are hodling, then you are bringing attention to yourself.

I also agree with Strongkored here:

If you have a very large amount of assets, I think you can get a fireproof safe that can be hidden in your home where it is quicker to access instead of the bank, and with that kind of fund, bank payment wouldn't naturally be an option but quick accessibility, in this case, is also key for me.

I am storing some important documents including my private keys in a bank vault. My uncle has a bank deposit box for 40 years almost and lets me use it as well as he only stores some documents in there. He lives 15 minutes away and his bank is in my city which makes it very convenient for me to access it. You only need to a key and visit the bank to opening hours and you can access your deposit box. It's kind of like a the deposit boxes and the train station only with more security. So far I haven't heard that there was any heist on vault deposit boxes in a bank in my city, they seems fairly secure. Not sure how much they cost though, my uncle had all his business accounts at the bank and I am sure they gave him the deposit box very cheap. It really comes down to how much money you have invested in cryptos and if this extra layer of security is worth it.

In all forms of keeping the private keys secure, there is risk associated with the same. The best choice is to secure the private keys in one or more places, because even if one is lost the second one will help. Even with the bank's secret vault service there is high risk. That means, we agree to the terms and conditions in which if the secret vault gets into any accidental loss then the bank won't be responsible for the vault holdings.

IMHO, You don't have to have two homes or hire this type of service. If it's related to crypto funds, you don't trust anyone with it even if they're a known service and reputable one.
One of the main reasons and good reasons why we own crypto is because we're holding our own money and there's no need for any third party to hold it for us. Having that said, if you're trusting others to keep your hardware wallet that has your funds inside, you're endagering your funds with it and not just it but also your life.

Luckily, I don't use the bank to store Trezors or other valuables. I also didn't rent such a service before; until now, I still keep valuables in the house. I only consider that hiring such a service will not be cheap and terms and conditions will apply. But maybe someday, I'll try to ask the bank about renting a deposit box to store all my valuables.

I think banks have their own standards in securing deposit boxes at their place and will have a security team that will always take care of the goods deposited by their customers.

if I have to pay to store private keys, I'd better buy a safety deposit box and keep it at home, with a note looking for a good quality safety box and storing it underground combined with other assets to avoid flooding, fires and even theft, and only me and my family who knows where we keep our possessions

Pretty much echoing what almost everyone else has posted in that you are countering
what Bitcoin was created for - to give us control over our money. The last place I would put
my Bitcoin or anything related would be a bank!

You are relinquishing your control of your wallet by basically handing it to someone else
and you have limited access to it at the best of times too anyway.

Lots of slogans surrounding this topic, I'll add one...

Be your own bank

I'm also interested if the op actually means the device itself or the private keys on, like, a piece of paper. I certainly wouldn't trust a safe in a bank with my private keys because, well, an employee can just read it and take the money, and then it'll be basically impossible to prove it's the bank's fault and especially find out who did it. Also, that would mean needing to go to a bank to access funds, which IMO is very inconvenient. So private keys should be stored somewhere at home. As for the physical device, I still feel like there's no need for a bank safe and that it's safe at home if you find a good place for it.

In a way, it makes sense to store sensitive information in a bank deposit box, but I would never leave my seed or private key there, not only because it would mean that I am entrusting someone else with such sensitive information, but also in case someone robs the safe, the bank is not responsible for the resulting damage, because you cannot prove whether there is anything in the deposit box at all. However, I could personally store a part of the seed or private key in such a way in case the need for it is shown.

To me, it is much more ironic that people buy Bitcoin through a bank and leave it in the possession of the bank - but that is nothing more strange than the fact that many use centralized crypto exchanges for storage, and they have no guarantee for these funds. Perhaps the biggest irony in everything is that Bitcoin exists, and many do not understand what its advantages are compared to fiat.

Banks are the usual targets for crooks - I don't think anyone can afford losing their hardware wallet even if the thief cannot unlock it. Better to keep it in a safe at home. At least then your home will only be robbed if you have aroused their suspicions.

I can use the security service provided by some banks but after I split my seeds using Shamir_Secret_Sharing https://en.bitcoin.it/wiki/Shamir_Secret_Sharing

It would be foolish to do one of two things:

 - Print your private key and try to keep it on paper.
 - Keep all the seeds in one place without trying to split them.

Splitting seeds reduces risk if the bank gives you camera access to your safe box

I think even your home got robbed, the robbery wouldn't always can find your hardware wallet since you can hide it on any places that you think the robbery wouldn't know. Just like hide it inside on the chair leg, inside flower vase, under pile of stones etc etc.

In case if the robbery know if you're a Bitcoin enthusiast, make sure you've have another wallet with low amount, so you can give them the seed phrase of this wallet and you can still have the another wallet that contain most of your wealth.

https://i.ibb.co/BgW9wPQ/maxresdefault.jpg

I guess it's how big a target you have made yourself.

If you could end up under the eye of the gvmt the bank will assist them handing over the contents of your box. When gold was made illegal (USA) safe deposit boxed provided zero protection. If the IRS thinks you are hiding x amount of dollars and they find this, I bet they could throw you in the klink until you cough it up.

If anyone but you knows you have money or keys at your home a safe won't matter. They hold a gun to your kids head until you open it.

Whether it's gold, silver, diamonds or cash keeping your mouth shut is the single most important AND hardest thing to do.

Never keep everything in one place. Split it up.

I think you should go for more alternative than bank in anything that had to do with your asset with bitcoin because you wanted to avoided them at the first day that makes you come with the idea of bitcoin and Trezor, try look into a more private place in your house andbsafe keep it, remember going to the bank will require KYC and their protocols and you wouldn't want to have an experience of been denied access whenever you wanted to acess it back.


Why shouldn't your home be a suitable place? then try get to find a garden or vineyard owned by you and make an underground safe there and put it in a metal box that has unlocking keys which could be access by you alone and if you're the type that's very bad in handling things then you can secure it with your grandma but ensure she told you where it is, if not you loose it for life.

Private key is a personal key which supposed to be kept in a private place by the owner. I will not advise you to keep or safe your keys in the hands of a banker. You have to keep your key in your house.

Home is the best place to keep the keys. trezor should be kept at home, don't give someone your keys to keep for you. That should be very dangerous for your hardware wallet.

If you give your wallet to someone and in the process of keeping the wallet in his office or house and the wallet got missing or he misplaced the wallet, what will you do? Write the keys for like 4 places and spread them in different places.

The first reason bitcoin exists is the concept of seeking out a trustworthy person. According to Satoshi's original white paper^[1] from the abstract overview of bitcoin, bitcoin is a decentralized peer-to-peer digital currency that you can use without depending on anyone. Therefore, bringing your bitcoin to the bank for security is equivalent to destroying what bitcoin is in the first place.

You may have other valuable goods to the banks, which is why they were created, but Trezor should be in your own care and your seed phrase or recovery phrase should be punched on a metal plate and stored in a different safe place, that's the best measure that experts have recommended and so far, no one has complained about that measure except you didn't do it as instructed.


Let me add to what has already been said: the banks you see are very self-centred, opportunistic, and always want to take from what they don't sow. If they announced that they have an emergency and fire outbreak in the banks, you will have to deal with loss or max get compensated, there could also be a heist and if your property is taken, you will have to deal with the losses with them. God forbid, if you happen to have a bitcoin that you bought in 2010 and lose it at this current price would hunt you for the rest of your life. Avoid banks, that is my 4 cents.

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[1] https://www.ussc.gov/sites/default/files/pdf/training/annual-national-training-seminar/2018/Emerging_Tech_Bitcoin_Crypto.pdf

Believing to save your private keys in third party as the bank seems not good choose because how bad trusted reputation from the bank around my country, ever have been normal activities with publishing our document from mobile phone until address home located for assurance financial company by the bank. Here become my reason why not give more recommended use the bank as place for saving your private keys. Better you can build in your home safe-deposit box and seems most safety about your private key document.

You can put your private key in the safe-deposit box and keep safety because you have own controlling than trusted third party like the Bank because we can't guarantee with their employee could be trusted.

I would much rather store my keys in a place where I can easily access them anytime and have absolute control, I get why the OP is unease about storing keys at home, anything can happen that will pose trouble such as burglars, natural disasters, or completely forgot where you have them stored.

Storing them with the bank on the other hand gives a sense of security of knowing exactly where they are and where to find them even if 20 years after (well that is... if the bank still exits) otherwise that's double trouble  ;D
I think either way has its advantages and disadvantages, so depending on the individual's ability to keep valuables safe, both options should be considered otherwise it is better to keep it safe yourself.

Leaving your private keys in a bank's vault defeats the brilliance of digitally owned property. You can find perfect hideouts, and no one will ever know. The only thing you need to do is to insure the security of 12 words. Use your basement, bury them in the ground, in your house's garden, in your cottage's garden, put it inside the walls, in places a thief doesn't have the time to look for. If you don't feel confident enough, use multiple places. Use backups. Use passphrase; some funds will be at the seed-phrase-only wallet, and most on the passphrase-protected wallet.

Just be creative. It's your money.

I agree what leaving one's keys at the bank (inside a security box) does not make much sense since undermines the purpose of Bitcoin and other crypto-assets: Decentralization and independence from the traditional banking system.

However, there is an special case I could see myself leaving part of a Shamir seed inside a bank vault.
The bank it would not have the complete seed, I would be just storing there a partial key to access my wallet which would require others (strategically hidden by me), in the end nothing would happen is a partial Shamir key get lost or seized, one only needs to generate a reasonable threshold for the recovery.

So let me get this right: You first buy decentralized money which you bought because you do not wish it to be in the hands of a single entity that controls what happens to your funds. So you then decide to take that decentralization and centralize it all over again by giving the bank your wallet(s)? That seems to defeat the purpose of Bitcoin, which is to BE YOUR OWN BANK. If you cannot handle the responsibility of handling your own money then I guess you can give it to a relative or a friend and hope he does not steal it, lose it or gamble it away. Same thing will happen if you give it to a bank. ::)

Well, for me, I will never hire such a service, not in this present country that I live in where no body is trusted, banks are not trusted, let alone the bank manager.

Have you or did you consider the possibility of a bank being robbed? Let's assume you have your fiat money deposited In the bank, the bank can easily pay you your money through the help of their central money printing headquarter (central bank).

Now also imagine you deposited a personal belonging like your trezor wallet or private keys containing all your crypto coins worth hundreds or even millions of dollars in the bank's safe, and in the cause of a robbery, that item(s) got stolen, how are you going to recover that item and the money contained in it back???

So, I personally would never use a bank service to store any of my stuff that has to do with bitcoin and cryptocurrencies in general.

Agree on this one and we know that there are indeed ways which you could really able to keep those coins without the need of touching these banks or any services which would really be the cause of

of losing funds because you do believe that they do offer full and assured security on those things that you had entrusted to them.I cant really sleep with those kind of set-up,knowing that your

coins are really on the hands of something thats too centralized and anytime they would really be accessing those things if things becomes shit.
Its better to hide on your own and finding up ways which it is actually that possible.

You are only storing your private key with a third party when you keep it in a centralized bank. Even though there is a written agreement to that, it can still be expensive and you can't be completely certain that it can't be compromised. I'd rather keep the key to a decentralized exchange safe at home and know how to make it more secure than keep it in a centralized system.

Banks are always at risk of armed robberies, but I can't remember a single case in my country where robbers stole something from a safe deposit box, because they are concentrated on cash and on the principle of "quick in, quick out". However, this does not make such storage safe, but only a less likely target of the average bank robber.

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A chattering language cost many people a lot more than being robbed, but also losing their lives. Today, a lot of people talk about how they own Bitcoin and how they made a lot of money trading cryptocurrencies, which is very bad for their security. However, even if you keep quiet and don't brag about it, hacking a database like the one with the well-known hardware wallet opens up some completely new questions about what you need to do to stay under the radar of hackers and common thieves.

I would say it is not a smart decision to keep the private keys in safe storage like bank because we know they can access the safe at anytime so I assume if someone got the knowledge of what is private keys they can simply snap your keys without actually stealing it and take all your money away and ironically you can never find who stole your money.

So its always good to keep the keys safe in your own custody and you can also buy lockers for few hundred dollars to keep the valuable assets in your home itself instead of trusting the banking locker system.

If it's a sealed envelope with a bit of security measures they will not touch it. Of course, a very important requirement is to not brag about your coins if you have so many.
On the other hand, if one is paranoid enough and doesn't trust banks - understandable after all - he can do (as already said in some of the previous posts) something like Shamir backup and split the seed between multiple banks' deposit boxes.

The advantage of having the wallet seed at a bank is that it can be easier to get it into the hands of your family after you die.

Leave centralized system alone, learn how to secure your funds/cryptos yourself and be your own bank, this is one of the major reason why Satoshi created Bitcoin, for me I would never store my keys in the Bank and wouldn't advise any of my friends to do so. One of the ways to secure your cryptos at home don't allow many people know that you own cryptos, hence it could put you into being attracted to kidnappers or robbers coming to your house and request you transfer all cryptos to them, if you're living in an unsecure areas. Therefore, Buy Or work an iron safe voult and store your keys inside and leave Bank.

Hardware wallets are typically 2FA, meaning a PIN is required, so loss of the wallet shouldn't compromise your private key. For the wallet words, you could store those in an encrypted file system on an offline device. Printing them out in a folder labeled "my private keys!" or keeping them in a safety deposit box, particularly, is not very secure. Safety deposit boxes are very common theft targets and a thief will assume anything he gets out of one must have value.

My thoughts for sure.
There is always a price that comes with knowing. Knowing always leads to testing or trying out. We've heard of hacking being a way to test how a platform might be secure and some hackers do that just for the pleasure of it or to expose bugs that needs fixing and just take credits for it.

Similar approach is used on where we hope to consider safe. Why some may Rob Banks for the purpose of going on record and others to enrich themselves, these ideas builds up because they understand that there are valuables there.

The better idea would be, never letting anyone know what is that needs securing and yet, you find a best way to ensure its safety. However it is, people are most likely not to search out value where they don't hope to find it or are ignorant to have value. That's why privacy remains a a priority in cryptocurrency.

Well, it's a limitation that Bitcoin will face. Simply, Bitcoin isn't for everyone, and therefore you'll always have people who don't want to be responsible for their wealth, at least from a security point of view. That's completely acceptable, and is probably the reason that banks will also offer Bitcoin services in the future, or simply people will leave their seeds in a safety deposit box.

While, that does defeat the fundamentals of why some of us use Bitcoin, it's a reality the rest of us must accept. Not everyone is going to want to go into great depths to secure their assets, when they can rely on a third party. Obviously, relying on a third party also has its issues, but there's no real middle ground, it's either one or the other.

You can always have multiple safety deposit boxes at multiple banks and require access to all the keys or some M of N keys. Then a breach at one doesn't result in a loss.

FDR seized gold in March of 1933 and required people to open their safety deposit boxes and then gold was confiscated at well below market rates. The same could occur with bitcoin stored like that. The statists and authoritarians don't like people having the freedom to protect their assets.

If you hold your own keys and your house goes on a fire/flood you no longer hold them, thus you need to have backups elsewhere, thus you have to trust someone, whether family, friends, or a bank, and a bank is probably safer when it comes to keeping things safe. Alternative is to buy a secondary house but that is not an option for me. Also a house that is not occupied can become occupied by third parties.



Well like I said above, it's not about not feeling confident with your abilities to self-custody, at the end of the day, you need several backups, or at least an additional backup that's physically separated from you otherwise if your backups are all under the same roof it's less safe than having an encrypted copy in a bank vault.

In my opinion, the idea of ​​keeping records of your private keys in banking institutions is a bad idea. It should not be forgotten that the attention of all criminal elements who are trying to penetrate there in any way is riveted to the banks. And this happens quite often. In addition, the probability of abuse by bank employees themselves cannot be discounted. In the case of secret keys of wallets, the leakage of information is generally invisible and unprovable.
In a private house, you can arrange a more reliable hiding place than any bank in the world is. After all, information about secret keys on paper does not take up much space and can be securely stored anywhere. When robbing a private house, finding such a cache is almost impossible.

I can't think how tired you must back and forth from home to the bank just want to access your bitcoin on Trezor. And, I don't know what's function selling a safe box in a hardware store if don't use it for home which means we don't need bank again and cut the time for back and forth.

I also don't really trust bank security because a lot of CCTV which can peep you when you type Trezor pin in the safe room.

I believe at the end of the day, all investors are responsible for what they invest and how they think is best for them to safeguard their private keys and passcodes. I have read before in this forum about the suggestion of a military-grade nuclear vault for saving such info. People can save their info wherever they see fit but I believe we all agree that multiple locations are the top priority.

As far as I remember there are certain regulations that banks SHOULD obey when you use that kind of private options. So its extra safe to leave it there. Although I don't think its necessary as I don't have millions. I think if you have millions its better to divide it into multiple cold wallets and secure them in different places so thievery wouldn't even bother you. Bank is extreme option I still think. But yet you can combine it with physical gold.

I have a small safe in my home and only I know the combination to open it beside that in the home are only people that I trust which is my family.I don't feel at risk from thieves or burglars to come and raid my home because I live in the 7th floor of a big building in the city center so the risk is really low.

While keeping your private keys in a bank safe would be ironic it can also be a safe place to store them of course when talking about big banks,there are a lot of controls in place and forget about the idiotic hollywood movies where they raid banks,these things happen only in movies,I have never heard big banks being raid in Europe for example.

All methods must be in place to securely store private keys including, on paper with multiple copies and stored differently, data online, or in a safe that we have not from a bank, including any other storage we deem secure.
I also don't want the private key to have to be in a party when it's still I have to know where it is with our best security, so do what I'm sure will be safe and never be damaged even if we store it in several places for a long time.
But back to each other's self-confidence, I prefer the method I use and there is no third party intervention even though the bank is very safe in its security.

Why not saving in the online form seems with google drive email and only have controlling by our self without save in the bank and have third party know about our document. Private key is most important thinks like assets we have, but without safety place for saving private key give bad impact later from our assets hack or gone. Not really need third party to save private key because have thousand safety way saving private key keep safety like use traditional way like use safe-deposit box.

The only owner know with safe-deposit box PIN code and most secure than using Bank as third party for saving your private key, actually I have interested saving private key on online way put in google drive or saving on mobile phone.

OP, You don't need to hesitate and be afraid to keep your Trezor at home if you are a user who really likes financial privacy. The problem is that you don't have to tell people about your bitcoin holdings on social media or elsewhere, it will protect you from physical threats.

I wouldn't consider your suggestion of keeping my wallet in a bank or anything like that, it's something you might want to avoid. Similar to keeping it on an exchange, you can't control your wallet without a private key so it's not your key it's not your bitcoin. Good advice is to have financial privacy, don't flaunt your wealth in public or on social media.

Third party involvement is always risky as our details gets shared in a much easier way. When it comes to bank vault, we agree to certain things and use the vault. So, even if something happens we can't raise for support or question them. Better choice is to have multiple copies as well as private keys mentioned by hints which means noting specific letters on pages of books and having few copy of the books secured.

I would not trust at all in those regulations, since governments can easily change the rules or just outright ignore them and confiscate whatever is on those boxes.

So what we can do to have a backup in a different location than our own home? I think a possibility could be to hide your backup in the middle of a forest and bury it there, this has several advantages like not depending on a third party and the fact that only you will know about the location of your backup, now some precautions will need to be taken like protecting your backup from the elements and to have a way to deceive a third party in the case your backup is found by someone else, but I think this could be an alternative for those looking for a way to increase the security of their coins.

It would seem seed phrase there in multiple bank deposit boxes would be better idea?

i actually think a glimpse of it.  ;D since the bank deposit seems pretty secure right. i know in bunch of movie that we cannot open the vault if we dont have key and usually we store diamond or gold or other high value paper. but i think there is someone to put the private key in the vault too, not the hardware wallet

i don't think we should store important things like private keys or seed phrases on online repositories or online connected devices. the internet is a more vulnerable object, cyber attacks are more likely to happen because the internet is a virtual world, hackers can be anonymous and attack, it is very difficult to prosecute. that's why nowadays internet crime is more common than a direct attack on a bank

personally, i also don't like to leave such important things to 3rd parties, we can keep them at home with our loved ones. i have no problem keeping them at home

Each financial institution may have its own rules, perhaps by requesting special permission from the relevant parties for special treatment for your bank account, for example, if you are afraid that the information will be leaked (for example, I don't want anyone except me to see my transactions). Even if we ask a third party to back it up It feels like a very risky thing to do as someone who values their financial freedom.

Yes. for some, the feeling will be different. for me personally, maybe I can say it's a bit difficult to take this risk, especially with a large amount of money.

You just said one of the underrated points that most people would have ignored from banks, I can't imagine not been giving my own privacy when it comes to having access to my own property, this is one thing banks break that bitcoin fixes and then Op is asking, not knowing that he is giving them the privacy that was offered him by bitcoin to the same bank, that's claptrap thinking.

A hardware wallet exists for a reason and banks also exist for another reason, a Trezor wallet or hardware wallet was never in its discussion during the design and structure to be given to anybody, it should remain a secret by the owner and with the owner itself, no middleman that's what bitcoin represents.

You are yourself very much confusing OP.
At first you talked about the private keys, and then you asking about keeping hardware wallet.
My first doubt is that, why you don’t have confidence on yourself and your family members and keep the wallet at your home securely?
Moreover I would hardly advise you to avoid keeping the trezor wallet in a bank locker, I don’t want to say more about this, but yes it would be best to avoid keeping the wallet away from you.
You can think of keeping the private keys in a bank locker, but make sure no one notices about that.

I agree with your thoughts, I don't understand why many people trust banks when they can't trust themselves and their families. We always say don't save money in the bank, don't put too much money in the bank because the bank can freeze our assets, not our keys not our money...blah ..blah, then we put all our crypto assets in the bank. I will never let my private keys out of sight and my family will be the place I put my trust more than the bank in this case.

While it's ironic, self-custody is hard. If thieves were determined to break into my house, could they do it? Probably. Would my safe be enough to keep them at bay? I really don't know.

It's your key and you should be holding the keys. But if you don't feel safe storing it with you at home, then yeah, you can use "third parties" to hold your keys, but like others said, risk is involved and you no longer "own" the key. If you lose your wallet, you won't have immediate access to your keys anymore. You will have to go "through" different process to retrieve your keys from the bank safe. Also, there might be a chance you might be denied access to your bank vault for any reason. So better to split your keys, make multiple backups and store it in different banks.

the question is do they know crypto?
maybe the thieves don't know before seeing the bitcoin sticker sticking front cupboard, and after seeing the bitcoin sticker they tried to find the private key in your safe. What I mean is as long as they don't know what you're keeping, you will okay.

I don’t see the point of leaving trezor or other hardware wallet in a bank cell (better keep it close to you), but the seed-phrase is theoretically possible. But taking into account the fact that it is better to divide it into several parts and leave it for storage in different banks, so that no one has access to the full phrase. Of course, this carries risks (as well as any of the methods of storing crypto) and personally I probably would not risk taking such a step, especially if the amount on wallets would be impressive. I find it difficult to give an unambiguous answer, because you need to take into account the individual characteristics of each situation. In some cases, it is safer to keep BTC at home, and in others - in bank cells. It is necessary to take into account all the pros and cons, and only after that make a choice in favor of one method or another. They wrote on the Internet that the Winklevoss brothers use a safe deposit box (in several banks) to store their seed-phrase, and you know that they have a lot of bitcoin. So, the method is basically working if the brothers really use this method of storing btc.

This is not a bad idea.
You are comparing two risks: one is self custody, the other is the bank becoming not cooperative returning your private key because external (heist, natural disaster) or internal (government action, inside job, security breach) reason.
It's a balance of risks: each one of us has to clearly assess those risks in order to decide the correct mix.

I have been having a very deep think about people that uses bank vault to save their key phrases. It looks like a repeating cycle, I mean running away from something and indirectly going back to the same thing to save you from itself that you are running away from.

Bitcoin is in order to be in control of our money and make our financial decisions without being chastised by the government or any other institution. Having owned Bitcoin in our wallet, we now take it back to the centralised authority to save our decentralized Bitcoin. It is making sense and at the same time laughable. But the reality is do what you think will work for you. I personally would not take my key phrase to the bank.
I know how difficult it is to retrieve money from the bank if the original owner is late even when and next of kin is rightly stated.


Great idea! But more difficult to be recovered by your family if you are no more.

It would really be that impossible for someone not able to mind off about these possible risk on whatever decision they would be taking.Yes, it is really that on irony if you do let those banks handle out your PK's
which you could eventually done on your own but since you have doubts that you would be losing it then this is where you do make these banks as an option which would really be completely i dont see
for it to be that sensible on doing so.It is true that it will really be depending on how you do balance up those risk and on which one you would really be able to take.

If you could take care of those keys on your own then its your responsibility on keeping those intact and far from others awareness.
Just make it sure that it would be accessed by your family once you die suddenly.So its still needing some preparation on any angle.

If the thief is not someone who knows bitcoin and crypto they probably won't know what you are holding, but if the thief knows about bitcoin I think when they see the private key or phrase they will know it is what. Any method will have certain risks but I prefer to keep it at home rather than hand it over to a 3rd party like a bank. The same method, I will keep it all in my safe at home and I will use some more tricks like maybe swap a few places of phrase or private keys and we just need to remember those that change. If unfortunately we lose the seed phrase, the thief will not be able to access our property.

The irony when leaving private key in the bank and have third party know with our assets, although indirectly they don't know about how much bitcoin saving in our wallet but when the bank and government know about with Private Key and Bitcoin assets we have seems not guarantee with safety target from the thief. Nowadays have thousand kinds place for saving private key without have to used Bank, watching in the reality how many people loss their money in the bank with skimming way and actually not believing save most important thing like private key in the bank.

Trough the investor have huge Bitcoin assets not show what kinds place for leaving private key because can give chance for the hacker try to know with their leaving private key place, but bank is never safety place for leaving private key.

Well private keys are confidential files that are not meant to be held by any third party or individuals. In a civilized or first class world is not possible instead my home is okay and i don't think anyone who could have access to my cupboard or a digitalized storage cupboard where you needs code or password to unlocked the storage than taking it over to bank to store. Such storage can be opened and confidential files are stored inside after which the code is being pressed and all files are being stored.

I certainly wouldn’t be willing to hold my keys in a bank, especially with the way the fiat banking system & worldwide economy is right now. I wouldn’t sleep at night, worrying if banks will go bust & take my keys with them.