Offshore Cryptocurrency Cold Storage



cryptocurrency-bitcoin-ethereum

Offshore Cryptocurrency Cold Storage

Strategic Wealth Preservation, a world-class offshore precious metals storage facility located in the Cayman Islands, is now offering Offshore Cryptocurrency Cold Storage for Bitcoin, Ethereum and other cryptocurrencies. Clients can rent a safe deposit box starting at USD $250/year and deposit a data storage drive containing an encrypted wallet file and/or hardcopy printout of their wallet. Clients who opt to hire a safe deposit box receive their own uniquely identified safe deposit box and two box keys. Deposits are placed inside a tamper evident bag, the bag is sealed and then placed inside the safe deposit box. The safe deposit boxes are housed within SWP's Class 3 UL rated vault located in Grand Cayman, Cayman Islands.


How Safe Deposit Boxes Work

MAKING A DEPOSIT

  • Option A) This can be accomplished by hand carrying the data drive and/or hardcopy printout of your wallet to the Cayman Islands by flight or cruise ship. Once you (or an Authorised Representative you elect) arrives at our facility, you can make the deposit into the safe deposit box. You will receive a confirmation of the deposit.
  • Option B) Alternatively, we can arrange a FedEx shipment of your data drive and/or hardcopy printout of your wallet to our facility on your behalf. For USD $100, we will ship you a pre-paid return FedEx envelope and tamper evident bag. You place your data drive and/or hardcopy printout of your wallet in the tamper evident bag, seal the bag and insert it in the pre-paid FedEx envelope, and drop off the envelope at your local FedEx office. Once the data drive arrives at our facility (24-48 hours), an SWP representative will make the deposit into your safe deposit box on your behalf and you receive a confirmation of the deposit. We will then mail you your safe deposit box keys (or you can elect to store them at our facility).

MAKING A WITHDRAWAL

  • Option A) If you wish to make a withdrawal from your safe deposit box, you (or an Authorised Representative) will have to be present with a key in hand. You have the ability to make a withdrawal upon 24 hours' notice during regular business hours.
  • Option B) You can elect SWP to make the withdrawal on your behalf (we will require your keys). We will arrange a FedEx shipment of your data drive and/or hardcopy printout of your wallet to your address on file, or to an alternative cold storage location for a cost of USD $100.

Reporting

As a non-financial institution SWP, has no wealth reporting requirements to either the Cayman Islands government or any foreign government or entity.

Auditing

Safe deposit boxes are not audited.

Visitation

You have the ability to visit and inspect your safe deposit box holdings during regular business hours upon 24 hours' notice.

Other Valuables

You have the right to store other valuables in your safe deposit box, including precious metals, jewellery, documents, etc.

Rates & Fees

Box Rental: USD $250 per year

Inbound / Outbound FedEx Shipments: USD $100 per shipment. Include a tamper evident bag.

Payment

Safe deposit boxes are billed annually in advance. Payments can be made by credit card, check or bank wire.

Insurance for Data Drives

SWP cannot provide insurance for data drives at this time, however other valuables such as precious metals and jewellery can be insured up to USD $1,000,000 per box for a cost of $25 per $10,000 in value, per year.

HIRING A SAFE DEPOSIT BOX

Please complete and return the application form for safe deposit boxes to SWP. Once received, SWP will prepare a safe deposit box hiring agreement and send it to you.

Application form for Safe Deposit Boxes