The challenge I'm seeing here might not be trust issues. This kind of storage system brings point of failure. If something happen to that hardware wallet, you can't point finger, you can't suspect one person because you never can tell exactly who did it. To avoid this kind of complications, your best interest is to remove the hardware wallet from the place and keep in a place where nobody will be able to access, you don't know who will try to take the Bitcoin from the wallet.

Sometimes we think people are ignorant of the things we do until they shock us with things we never expected. The guy might even be fool that nobody know what is a hardware wallet in his home until one person steal everything from the wallet most especially people that are closer to him who might know his passwords and pins.

Having being able to manage to get an income to invest some funds into bitcoin my expectations from someone like that is getting some place to live for his privacy because having an alarm set up wouldn't for long save him from losing his bitcoins. It's obvious he's already living with a possible invasion risk which can be done by anyone in the crowded house. My simple advise is let the young man rent a private apartment where he can always go have his privacy and keep his keys safe there in a secured position.

It depends on how people in your family were grown up as person and in education. These things can affect their mindset, morality and practice while you can not control them or change their behavior.

Changing where to live is the best choice but sometimes you just can not do that, and it's time when you have to deal with your family members. I know it's really hard to live in such families and risk of losing your valuable things and sensitive information anytime. But if you still have yet been able to leave it and move to somewhere else, you must have to try as best as you can to keep your assets and sensitive documents safely.

If I have only one wallet, I can remember my only wallet's mnemonic seed phrase with my brain and memory. Likely it will be my best choice if I am in such hard situation for privacy and fund safety while I know that memory is not trusted. If I choose memory as my backup, I have to rehearse wallet recovery by brain every day.

I think the main thing to protect is the seed phrase, because having the hardware wallet alone should not give anyone access to your coin and someone can easily damage or even throw away the device, but if the seed phrase is well secured you can recover your wallet with another available device and this is why i normally avoid keeping hardware wallet and seed phrase together in the same place and most importantly the last part where you talked about investing with a large family to me at this stage the security and strategy to apply just to secure your btc need to be very very strong.

Having your human brain memory as only backup is a recipe for desaster, sooner or later. It's true that you should rehearse regularly and possibly every day. But let me ask: how do you verify that your rehearsal from memory is correct without a written backup?

I have a feeling that memory verification without a written backup is quite a gamble, isn't it? Yes, I can imagine ways without it, but are they safe? I tend to say, no! And therefore, the need for a written backup makes "storage" in human memory somewhat obsolete. At least, I know for myself, that I don't want to rely on my own brain's memory. Too much experience with having forgotten stuff that I thought I wouldn't forget. Human memory is a fragile thing...


On the topic and the thread is already too long and stuff has been repeated over and over again and what comes to my mind may have been stated already (I only went briefly over first posts and few in between).

I don't want to judge anybody's family. I hope your own blood gets along with each other and there's enough respect to private stuff of family members. I can imagine that's sadly not always the case.

Your hardware wallet doesn't store your coins, it protects only the keys which enable movement of coins. Typically a hardware wallet is protected by a pin or passphrase. If only you know that access code, then basically: problem solved.

It has been mentioned to pay extra attention to your (redundant!) mnemonic recovery words backup(s). Those should not be accessible easily and maybe only family members you can trust 100% should know where they are. Again, I don't want to judge your family. Only you can assess who should know what or if anybody should know something at all.

I think, there's always some way to hide secrets that it's utterly hard to find for others or very unlikely to be found by those who shouldn't find it. Be creative but remember to not let the foot gun go off on yourself.

Every family member has the right for private space, to remain untouched by other family members. I wouldn't want to live under the same roof if that is no consensus within the family members. Of course, easier said, than actually lived...