In this case how do you keep your Bitcoin wallet safe?

[BTC-BACKPACKER]

IT IS CRITICAL TO UNDERSTAND THAT HARDWARE WALLETS ARE EXTREMELY POPULAR TODAY, BUT THEIR SECURITY DEPENDS ENTIRELY ON GENERATING A TRULY PROPER SEED PHRASE. DO NOT RELY SOLELY ON A DEVICE'S INTERNAL RANDOM NUMBER GENERATOR (RNG) TO CREATE YOUR SECRET WORDS.

{ ALL CAPS ITS KINDA MY THING }

[Stepstowealth]

Imagine you are living a big family house because you have no choice and you got to invest some money in Bitcoin and store them in a hardware wallet, then you have a safe beside your bed where every can pass by how will you make sure no one goes near out?

There are more lesser obvious ways to keep your hardware wallet away from attention than a safe beside your bed. Even in crowded homes, it is very possible that you must have a privacy in some way like have your hardware wallet stored in a private box that has a key and can be kept away from attention, and there are even more portable safes that could fit into such private boxes for improved security.

[Asiska02]

Just someone coming in touch with your hardware wallet only doesn’t mean they now have access to your wallet. Separating your hardware wallet from where you keep your seedphrase will be the best approach in this case. The hardware wallet itself is not your main wallet, the seedphrase is. To enable more security to your hardware wallet, possibly add a passphrase to create an entirely different wallet. This is what some reputable hardware wallets like Trezor and Ledger does for more security.

A bedside safe with an alert set to notify you when someone comes close to it is already sending a signal that something valuable is in there, so just relying on alarms cannot save you from someone not getting access to it, there could be some network lagging or something that could delay receiving a notification that someone is coming to the bed side wardrobe safe. I will still recommend that there is a zero knowledge discipline where no one ever knows in the household that you own a bitcoin, that’s your best and most important security method you should first adopt in a crowded space like yours.

[TastyChillySauce00]

First thing first, if somebody have your hardware wallet, they'll need the pin to unlock it. Someone holding your hardware wallet doesn't automatically grant them access. If what you're worried is actually storing the seed phrase, which I think it is, there'll be several solution such as if your hardware wallet support Shamir (SLIP-39) it might be useful split your seed phrases into share and store it on a different places or simply buy a lockbox, if the box is forcefully unlocked, you would know.

[OcTradism]

First thing first, if somebody have your hardware wallet, they'll need the pin to unlock it. Someone holding your hardware wallet doesn't automatically grant them access.

You don't always lose your bitcoin if you lose your hardware wallet or a hot wallet file because the person who has your hardware wallet or hot wallet file will need to open the wallet to access your Bitcoin private key and your bitcoins. If the person fail with the last step, your bitcoin will still be safe but it's always risky to lose your wallets (either cold or hot) to other people, because you don't know what will happen next.

If what you're worried is actually storing the seed phrase, which I think it is, there'll be several solution such as if your hardware wallet support Shamir (SLIP-39) it might be useful split your seed phrases into share and store it on a different places or simply buy a lockbox, if the box is forcefully unlocked, you would know.

It's firstly important to learn about How to back up a seed phrase.

Then know risk of seed splitting.
Why is seed splitting a bad idea

Lastly know about Shamir's Secret Sharing and its shortcomings.
Security and Privacy Encylopedia.

[PERtua]

I'm not sure that the alarm concept is going to solve all of this. If somebody is sufficiently interested in opening the safe, an alert is not sure to safeguard the device or even stop them from finding a thing of greater value. If the house is really full, I would do what I can to make it not so visible. Just make it less like a high security place. The secret is actually in the recovery backup and not in the hardware wallet. Physical security should therefore be based on protecting both, but not make it apparent that bitcoin is there to be stored.

[SPIDERMAN008]

The idea of ​​the alarm system in the safe locker of the person you mentioned is not bad, but it cannot provide complete security. If there are many family members, if someone knows that the seed phrase of bitcoin is in that locker, then he can easily take control of that seed phrase.

Now the person who is the owner will not be at home all the time. If he is far away from home for work, then even if he gets a notification, he will basically not be able to do anything. Creating more security can create unnecessary attention, which can create suspicion among the other members of the family. Because in crowded families, it is often observed that relationships between each other are bad.

I think in such a situation, that person should keep the hardware wallet in a secure place and keep the seed backup in a physically separate secure place , so it will be difficult to access it. And since everyone lives in a family, there is no need to tell everyone where the valuable assets are. If no one knows where the valuable assets are, then the possibility of losing bitcoin also decreases.

[Outhue]

It actually depends, coming from someone who have once lived in a family house before getting married, if your family home is a peace haven for you then they will all respect your space, you won't be needing some extra safe to keep your hardware wallet, but if it's a place where you aren't having peace of mind like most family homes in Africa it's best you move out, it makes no sense to live with toxic people whom you can't trust with your money and private space. Safe money on renting a private space instead of buying Bitcoin because at the end of all this your Bitcoin isn't actually safe in such places.

[atookz]

Imagine you are living a big family house because you have no choice and you got to invest some money in Bitcoin and store them in a hardware wallet, then you have a safe beside your bed where every can pass by how will you make sure no one goes near out?

A friend said he had to set up an alarm system in the locked safe so that he can be notified on phone when someone opens his safe where he kept his hardware wallet.

I don't know if this is a good idea but I will like people's opinion about this, if you are living in a crowdy house basically a family house how do you keep your Bitcoin wallet safe?

IMO, it's ok to have an alarm on the safe, but that's an added layer of protection, not the primary one — once someone tries to open the safe, the alarm will alert you.

So, if I was in your situation living in a crowded house, here's what I'd prioritize:

Don't store the seed phrase backup in the same place as the hardware wallet — if the safe is found, so is the backup!

A passphrase (BIP39 25th word) – this is the most important one, if the device is found or stolen, it cannot be used without the passphrase which is meant to be stored in your head.

Do not place the safe in a conspicuous location; the less noticeable the safe, the less likely someone will be suspicious.

Don't let anyone in the house know what is in it — trust me, this is probably my biggest tip, because the riskiest scenario is usually someone in the house already knowing what's there and getting curious.

So I guess the mix of passphrase and distributed backups and minimal disclosure is works a lot better than just an alarm. This is just my own take/opinion, though — perhaps others here have other ways of doing it that are better suited to them.

[cryptoaddictchie]

A friend said he had to set up an alarm system in the locked safe so that he can be notified on phone when someone opens his safe where he kept his hardware wallet.

I don't know if this is a good idea but I will like people's opinion about this, if you are living in a crowdy house basically a family house how do you keep your Bitcoin wallet safe?

Well he should not tell anyone whom he doesnt trust about having a a hardware wallet on a safe. Commonly family members are to be trusted but we all knew in the past that some incident that even a family member change thought when it comes to money matter and actually the hardware wallet arent safe anymore like they used to as we can see countless news about this.