Ledger storage at the bank - max frosty?


#1

I have a box at a local branch of BofA, BofA owns ML and they are both hostile to Bitcoin.

Are people keeping cold wallets and seed keys in Bank Safe Deposit boxes?

Is there a comprehensive set of best practices for custody of 100k+ BTC?


#2

plug it mate always safest and u have the benefit of crossing boarders with it there just apply a little lube


#3

sounds very european


#4

ultimately I’m opting for a massive gun safe bolted into a concrete floor, with homeowners insurance
Bank of America can go fuck itself TBH


#5

That’s what I am in the process of doing. I keep my ledger on me but the seed is in a safe deposit box. Worst case if i lose or damage the ledger, I spend another $90 and restore it.

I think the main idea is to keep the 2 apart from each other and guard the words with the best possible means.


#6

The seed may be safer and easier to keep then the Ledger. I trust the seed more than I trust the Ledger to stand up to physical access attacks.


#7

Yes but the seed unless on crypto steel is a piece of paper. With ink that can smear or become not legible. I think the words belong in a safe deposit box.

Not to mention, if someone finds the crypto steel, you are also out of luck.


#8

They belong in pieces in multiple boxes over different banks and jurisdictions.


#9

Greg T -

so the philosophy is hold your own ledger, but use the bank for a really good hiding place for the seed. I think I’m going to do exactly this.

Thanks


#10

That’s my plan. :+1:

(Unless you are a reckless guy and do upside down keg stands/may lose the ledger)


#11

ya, I agree - Im going with the seed in the box, ledger in safe plan…

a little redundancy is better than the none I have now


#12

when I say on me, I mean in a gun safe…


#13

I guess that could work too…


#14

carrying around a bunch of BTC on your person, all the time seems impractical, but you might be a special forces high alert 24/7 kinda guy~


#15

Which I am. :sunglasses:

I think regardless of the ledger, the most important part is that seed.


#16

and don’t write the PIN on the ledger d00d

I’m just saying that because someone is gonna show up on this thread 5yrs from now who thinks that’s a clever idea


#17

that never occurred to me but ya, no


#18

“Hide your words under the biggest mountain you can find”


#20

:sweat_smile::sweat_smile::sweat_smile: Just write the words on your hand. You’ll be ok.


#21

penis tat, before someone else says it