Question about safe deposit box rental

[John Andrews]

I would like to rent a safe deposit box in my EU home country to store my crypto seed.

I've got 3 options:
- rent it myself, as a natural person
- rent it in the name of my EU trading company (an immediate family member is the director)
- rent it in the name of an offshore company

Which option would you pick and why?

 

[Marser]

That depends on why you want to store it in a safety deposit box, what are the objectives?
Renting it yourself has simplicity and fewer potential future roadblocks.
Renting it in the name of another legal entity allows you to easily transfer it later which can also have downsides.

Regardless.. i dont suggest just putting the whole seed in a safety deposit box clearly legible for the holder to see. Shamir backup is a better option, allowing you redundancy and no one party keeping the full seed.

 

[troubled soul]

Why don't You have three of them ?

12/24 word divide in three part and store each of them in different method.
It is ultra secure.

 

[Martin Everson]

If the crypto is yours personally then rent a box in your name.

I wouldn't mix corporate and personal items keeping in mind the safety deposit boxes are part of beneficial ownership registers under AMLD5 and can be shared with other countries. If the assets of your company get frozen then that will include the contents of box. So if you have personal items in there a third-party might be able to gain access to the box with the understanding its contents belong to the company.

 

[OTR365]

Shamir backup

Recovery seed management is a bitch any way you do it, but this looks better than most other alternatives.
NGRAVE has a silmilar-ish solution with their steel plates, but their device is sort of expensive and not shipping yet.

 

[John Andrews]

If the assets of your company get frozen then that will include the contents of box.

This is exactly the advice I was looking for. I will rent it in my name then, thanks.