mine just goes on the key ring with my house/office/mailbox keys.

 

mine is on the boat keys, with a backup on the spare key ring.

 

I've got this Curt for under $16:
CURT 23518 Hitch Lock https://www.amazon.com/dp/B00T9N6DPK/ref=cm_sw_r_cp_apap_XxZ4udP94zo8i

All black, clean look. Slid an o-ring onto the base of the shaft, and another on the top before locking, keeps it snug on the receiver with no sliding or rattling.

 

I keep mine in the truck unless I'm towing.

 

Completely forgot to come back and post on this...I got the Bolt lock the other day. Takes about 10 seconds to key the lock and works like a champ!

 

I also have the Bolt lock. The biggest problem is remembering to take the keys out of the truck so you can unlock the lock. The hitch pin isn't too bad. The trailer tongue lock, I always forget.

I need to get another key to put on my travel trailer keyring.

 

If you live in an area where they salt the roads or where rust is prevalent I would NOT leave a locking pin on the truck for any extended amount of time.

I left mine on for a year and when it was time to get it off, there was no way it was coming off, had to get it cut off.

In my area, you leave the hitch in the truck or lubricate, lock and unlock the pin on a regular basis on the truck.

 

I have received mine as well. As you stated the initial pairing of the bolt lock to the driver's key is super easy. I have since ordered the Bolt Lock padlock and coupler lock for our Ford side cut keys.

 

If you're going to leave the lock on for any length of time, i recommend getting one made of all stainless steel.
I've had chrome plated ones that rusted badly.
The wear and tear of the chrome plating eventually flakes off leaving the steel underneath open to rain and road salt.

Keep in mind i keep hitch pin locks on three vehicles permanently to secure a shackle on my XLT and hooks on my other two Jeeps.

 

We offer a straight pin-style stainless lock as part # 40107. We sell the heck out of them, and replacement keys are easily available as long as you write down the key number and keep the info in a safe place. No key number, no replacement key.

Bolt also offers hitch and trailer coupler locks that utilize stainless pins and durable composite lock bodies. A rubber cap is available to keep moisture and debris out of the locking mechanism. The unique thing about BOLT locks is they allow you to key the lock one time using your ignition key (assuming you've purchased the correct lock that's compatible with your ignition key). The product description for each lock shows which keys the lock is compatible with, so it's easy to choose the correct one. Spare tire and coupler locks are also available that can be keyed to the vehicle's ignition key.

Some other thoughts. I recommend removing the hitch mounted accessory (ball mount, weight distribution head, what have ya) when it's not being used. In some states, this is actually mandated. The more you can keep the lock out of the elements, the longer the life it'll have.

WD-40 is a wonderful product, but don't use it to lubricate your locks. It leaves behind a sticky residue that can attract dust and dirt. The recommended lubricant can vary according to the lock manufacturer. Bolt recommends a spray silicone, while other companies like Andersen prefer a thin air tool oil be used. Others prefer a dry lubricant like graphite.

For more information, take a look at the link below:

https://www.etrailer.com/expert-83.html