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