SWP offers offshore cold storage for cryptocurrency wallets and keys. Clients can rent a safe deposit box housed within our Class III UL-rated vault in the Cayman Islands to store their wallets and keys for only $500 USD per year.
How Cold Storage Works
Making A Deposit
- Option A) We can arrange a FedEx shipment of your wallet and/or key to our Cayman Islands facility on your behalf. For $150 USD, we will provide you with a pre-paid FedEx label, a fire-retardant bag as well as a tamper evident bag to protect your wallet and/or key while in transit.
Once the package arrives at our facility (within 24-48 hours), an SWP representative will deposit the unopened tamper evident bag containing your wallet and/or key into your safe deposit box. We will then FedEx you two safe deposit box keys (you can elect to store one key at our facility for future use).
- Option B) Clients can hand carry their wallet and/or key to the Cayman Islands by commercial flight or cruise ship. Once you arrive at our facility, you can make the deposit into the safe deposit box.
Making A Withdrawal
- Option A) If you wish to make a withdrawal from your safe deposit box, you (or an Authorized Representative) will have to be present with your safe deposit box key in hand. You can 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 one of your safe deposit box keys). We will arrange a FedEx shipment of your wallet and/or key to your physical address on file, or to an alternative cold storage location for a cost of $100 USD.
As a non-financial institution, SWP has no wealth reporting requirements to either the Cayman Islands government or any foreign government or tax authority.
Safe deposit boxes are not audited.
You have the ability to visit and inspect your safe deposit box holdings during regular business hours upon 24 hours' notice.
You have the right to store other valuables in your safe deposit box, including precious metals, jewellery, documents, etc.
Rates & Fees
Box Rental: $500 USD per year. Includes a fire-retardant bag and tamper evident bag.
Inbound FedEx Shipment: $150 USD per shipment. Includes a pre-paid FedEx label, a fire-retardant bag and a tamper evident bag. Also includes the return shipping of your safe deposit box keys.
Outbound FedEx Shipment: $100 USD per shipment. Includes a fire-retardant bag and tamper evident bag.
Safe deposit boxes are billed annually in advance. Payments can be made by credit card, check, bank wire or Bitcoin.
Insurance For Data Drives
SWP cannot provide insurance for wallet and/or keys at this time, however other valuables stored in the box such as precious metals and jewellery can be insured up to $1,000,000 USD per box for a cost of $25 per $10,000 USD 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 rental agreement and send it to you.