Hardware wallets, their access keys, and recovery phrases should always be stored separately to protect your crypto assets. If a wallet with its PIN or just the seed phrase is found without authorization, your assets are at immediate risk. A PIN is enough to initiate transfers using the device, just as the seed phrase can be used to access the wallet on any compatible device.
Loss or damage to the wallet can also cause serious issues, as the entire security structure must be rebuilt—often a costly and time-consuming process. If a component of your wallet is accidentally discovered, it could lead to theft, extortion, or even investigations. That’s why it is strongly recommended to store at least one component separately in an external safe. This protects digital assets from misuse, theft, or damage.
Self-custody means managing your own storage using external safes. It can be a simple and cost-effective way to retain full control over your assets without paying high custody fees to banks or trustees. With more advanced storage solutions, multi-layered security setups are possible, involving multiple safes, access permissions, and storage locations.
Customers benefit from safe storage with SeedProtector’s partners through:
* Daily, flexible access hours
* Multiple authorized users possible
* Flexible payment options
* Insurance included
* On-site security personnel
* 3-factor authentication
* Professional storage from €155/year
* Higher security through expert handling
* Asset insurance
* Legal clarity and liability regulations
* Support in inheritance cases and multisig setups
* Protection against loss
* Full control over key access