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Author Topic: Best safe for storing Bitcoin paper wallets?  (Read 244 times)
Abiky (OP)
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March 05, 2018, 04:58:53 PM
 #1

Can anyone recommend me of a good safe or storage place for my BTC paper wallets? I'm looking for the best one around for safekeeping of all my Bitcoin and altcoin paper wallets, as well as the Ledger Nano S hardware wallet.

Most recently, I've saw one of those Sentry Safe boxes but didn't grab up my attention since I've read the reviews online about them and some people say that they could easily be opened by anyone. I'm not sure if that's real, but just to be safe, I've decided to look for other alternatives that could achieve said purpose.

Nevertheless, if anyone knows about a good safe to help protect my BTC valuables, please let me know. I will appreciate your time in helping me out with this. Smiley

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March 05, 2018, 05:07:11 PM
 #2

One could suggest a safety deposit box in the bank but at the end of the day, you shouldn't trust anyone with your money. I'd keep it at home. Ledger nano S is safe enough and If it works like Trezor, If someone try the wrong PIN multiple times, the device will get wiped out so no one get access to the funds and as for the paper wallet, just encrypt it (strong password) and then print it, don't be paranoid.

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March 05, 2018, 05:13:16 PM
 #3

If you have a hardware wallet already then a safe is fairly overkill, so much so that I don't think it overly matter exactly what safe you have. My parents have a concealed safe which is something I would recommend (not necessarily for crypto but just in general). It's also fitted which I guess is quite important. If it's small enough that anyone can take the safe with them then almost every safe can be cracked with time.

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March 05, 2018, 05:13:39 PM
 #4

Can anyone recommend me of a good safe or storage place for my BTC paper wallets? I'm looking for the best one around for safekeeping of all my Bitcoin and altcoin paper wallets, as well as the Ledger Nano S hardware wallet.

Most recently, I've saw one of those Sentry Safe boxes but didn't grab up my attention since I've read the reviews online about them and some people say that they could easily be opened by anyone. I'm not sure if that's real, but just to be safe, I've decided to look for other alternatives that could achieve said purpose.

Nevertheless, if anyone knows about a good safe to help protect my BTC valuables, please let me know. I will appreciate your time in helping me out with this. Smiley

You can buy or make a sealed deposit box made of metal. If you are not touching your investments for a long period then you can bury the box near or inside your house.

Here are some links that could give you some options on where to store your paper wallets and Ledger Nano S wallet. Hope this could help you out.

https://www.apartmenttherapy.com/8-secret-spots-to-hide-valuables-at-home-190982
https://www.simplyss.com/blog/top-ten-self-storage-items-and-tips-for-proper-storage/
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March 05, 2018, 05:17:27 PM
 #5

I just keep my paper wallet on wardrobe and i think thats safe enough since i'm the one and only that know what it is.
I make backup too on my phone, i take picture seeds/private key after that i change the *jpg file to another format file.
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March 05, 2018, 05:17:42 PM
 #6

One could suggest a safety deposit box in the bank but at the end of the day, you shouldn't trust anyone with your money. I'd keep it at home. Ledger nano S is safe enough and If it works like Trezor, If someone try the wrong PIN multiple times, the device will get wiped out so no one get access to the funds and as for the paper wallet, just encrypt it (strong password) and then print it, don't be paranoid.

The ledger is great but what happens if someone finds your recovery phrase just lying around? Your ledger could wipe itself but you'd still lose all your coins.
The recovery card is basically a paper wallet in itself. I personally wouldn't put them in a safe as doing so would just bring attention to the fact that you've got something in there clearly worth storing. I'd say you'd be better off hiding them in plain view...
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March 05, 2018, 05:35:03 PM
 #7

One could suggest a safety deposit box in the bank but at the end of the day, you shouldn't trust anyone with your money. I'd keep it at home. Ledger nano S is safe enough and If it works like Trezor, If someone try the wrong PIN multiple times, the device will get wiped out so no one get access to the funds and as for the paper wallet, just encrypt it (strong password) and then print it, don't be paranoid.

The ledger is great but what happens if someone finds your recovery phrase just lying around? Your ledger could wipe itself but you'd still lose all your coins.
The recovery card is basically a paper wallet in itself. I personally wouldn't put them in a safe as doing so would just bring attention to the fact that you've got something in there clearly worth storing. I'd say you'd be better off hiding them in plain view...
I don't think every one will know that the one that they have find were the phrase that needed to access the funds.

If I were you sir, follow what sir Omega said. In the end don't trust any one when it comes your funds. Its good that you will the one to keep it in the place were you are the only one knows.
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March 05, 2018, 06:27:08 PM
 #8

Hardware wallets like trezor or nano s are the safest way to keep currency from various prying eyes though it is safe in exchanges or paper wallets. we are observing that exchanges are being hacked though they are being backed up by ethical hackers making it tough time for us to trust on exchanges.
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March 05, 2018, 07:55:13 PM
 #9

Can anyone recommend me of a good safe or storage place for my BTC paper wallets?

I'm not sure what your exact problem is. A safe box has to be hidden somewhere and if a thief finds the safe box, he's clearly try to get its content. And from what I've read in the news, nowadays thieves just take the safe boxes with them and break them with proper (heavy) tools.
My suggestion is to consider products like Cryptosteel. It's durable and it's small, meaning much easier to hide.

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March 05, 2018, 08:33:46 PM
 #10

I print all the necessary information (multiple copies) and then have it laminated. And then I bought a second hand safety boxes from my friend.

I also have a second copy stored somewhere in my brother place, ( I used one room in there as my storage). Its like a 1 hour drive from my place.

And then another copy at my father-in-law place as well. (just a few blocks away from me).

 
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March 05, 2018, 08:41:39 PM
 #11

I print all the necessary information (multiple copies) and then have it laminated. And then I bought a second hand safety boxes from my friend.

I also have a second copy stored somewhere in my brother place, ( I used one room in there as my storage). Its like a 1 hour drive from my place.

And then another copy at my father-in-law place as well. (just a few blocks away from me).

multiple copies in multiple places is smart. 

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March 05, 2018, 09:21:48 PM
 #12

BTC is one of the best coin in the world so u have to keep save it in a safe wallet.There is many kinds of online wallet in the world.All wallets are not safe.So u have to find a perfect and number one trusted walled.Many kinds of wallets in the online like Mobile wallet,Online wallet,paper wallet.I think paper wallet is 100% safe wallet because there is no chance to hack this wallet.It is one of the most trusted wallet all over the world.
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March 05, 2018, 09:23:45 PM
 #13

i will save it in my own house if i have paperwallet, maybe protect it with something that can make it clearly like plastic or something which is waterproof. and safe it in a safebox. it already enough for me

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March 05, 2018, 09:39:57 PM
 #14

One could suggest a safety deposit box in the bank but at the end of the day, you shouldn't trust anyone with your money. I'd keep it at home. Ledger nano S is safe enough and If it works like Trezor, If someone try the wrong PIN multiple times, the device will get wiped out so no one get access to the funds and as for the paper wallet, just encrypt it (strong password) and then print it, don't be paranoid.

Thanks for the tip, mate. I'm aware that the Ledger Nano S has a security feature which erases the device upon 3 failed attempts. However, I was just considering a solution that would help me hide and secure the Ledger Nano S device from prying eyes and theft. Smiley

As for paper wallets, the encryption technique is good, but unfortunately, I’ve designed mine as unencrypted wallets. Sad



If you have a hardware wallet already then a safe is fairly overkill, so much so that I don't think it overly matter exactly what safe you have. My parents have a concealed safe which is something I would recommend (not necessarily for crypto but just in general). It's also fitted which I guess is quite important. If it's small enough that anyone can take the safe with them then almost every safe can be cracked with time.

Thanks for your reply. For me, a safe would be the perfect solution to hide and protect my valuables (like Bitcoin and other altcoin paper wallets). I know that it would be too much for a Ledger Nano S considering its security features, but I think that it's better to protect it from prying eyes, especially when it includes a seed card which serves as a backup for the stored Bitcoin.

Maybe a gun safe, might do the trick, although probably any safe could be opened nowadays. The last option would be a safety deposit box from a bank. Wink


You can buy or make a sealed deposit box made of metal. If you are not touching your investments for a long period then you can bury the box near or inside your house.

Here are some links that could give you some options on where to store your paper wallets and Ledger Nano S wallet. Hope this could help you out.

https://www.apartmenttherapy.com/8-secret-spots-to-hide-valuables-at-home-190982
https://www.simplyss.com/blog/top-ten-self-storage-items-and-tips-for-proper-storage/


Thanks for sharing these useful guides, mate. They’ll be very useful for me when considering hiding the paper wallets and Ledger Nano S for safety. As for buying a sealed deposit box, sounds like a great idea. I'll be considering it for said purpose. Smiley


The ledger is great but what happens if someone finds your recovery phrase just lying around? Your ledger could wipe itself but you'd still lose all your coins.
The recovery card is basically a paper wallet in itself. I personally wouldn't put them in a safe as doing so would just bring attention to the fact that you've got something in there clearly worth storing. I'd say you'd be better off hiding them in plain view...

Yes. It would be best for me to hide the recovery card from prying eyes, as it will allow anyone to get access into my Bitcoin regardless if the Ledger is erased or not. That's why I'm looking for various solutions to help secure my BTC valuables. Hopefully, I'll find the right one that would help me achieve said purpose.

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March 05, 2018, 09:41:37 PM
 #15

Hardware wallets are quite safe. If you want paper wallets, Just print out multiple copies of paper wallets and store them at different locations and don't forget to protect your paper wallets with a password/passphrase, If someone has your paper wallets won't be able to take your coins unless they know the password. I'm using Ledger for a year now, It's the best!
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March 05, 2018, 09:45:50 PM
 #16

Well, your Ledger should be quite safe by itself. But if you do want a safe or a storage space, I wouldn't suggest that you use a safe. A safe is the first place that a would be robber would look for money or your Bitcoin in this case. I'd suggest that you keep it somewhere where they will never suspect. My friend sticks his paper wallet in side a faulty floorboard. It is convenient and quite safe. Another one puts it in the bonnet of his car.
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March 05, 2018, 09:48:46 PM
 #17

I would rather store my piece of paper in some hidden location, for example behind your base frame of your bed. When you decide to store it in a safe, a burglar definitely knows that you got something valuable to hide, while they wouldn't search for a piece of paper when they don't know that you own Bitcoins. A safe can also be stolen if the burglar has enough time to get it out of your house and later be dismantled.
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March 05, 2018, 10:20:46 PM
 #18

I think paper wallets is best for huge amount of storage for long-term, also you need to hide your information uses by another device with writing a notes.
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March 05, 2018, 10:44:10 PM
 #19

Can anyone recommend me of a good safe or storage place for my BTC paper wallets? I'm looking for the best one around for safekeeping of all my Bitcoin and altcoin paper wallets, as well as the Ledger Nano S hardware wallet.

Most recently, I've saw one of those Sentry Safe boxes but didn't grab up my attention since I've read the reviews online about them and some people say that they could easily be opened by anyone. I'm not sure if that's real, but just to be safe, I've decided to look for other alternatives that could achieve said purpose.

Nevertheless, if anyone knows about a good safe to help protect my BTC valuables, please let me know. I will appreciate your time in helping me out with this. Smiley
You could have your own cash box with key. Storing at home still the best for keeps. Other option will be a waterproof cashbox incase you want to store it underground.

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March 05, 2018, 11:12:49 PM
 #20

I find Nano Ledger very secured and safe too but really needs to put eyes on because it's either you can actually lose it or misplaced it or it can easily be stolen from you.
That is why you still need a place to hide it in case.
I would prefer a place that no one would actually think there ai quite a money in there.
How about a book- cut out a center portion of the pages that fits your nano legder. No one will suspect a thing.
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