Why storing your Bitcoin private keys on Google Drive is a terrible idea

You expect to find questionnable advice about storing your Bitcoin on the internet, but you never expect it to come from one of the world’s leading cryptocurrency exchange desks. Well, Coinbase is here to prove that nothing is impossible. The exchange is rolling out a new backup service that encourages users to keep an encrypted copy of their private keys to their personal cloud storage accounts, like Google Drive and iCloud. “This new feature provides a safeguard for users, helping them avoid losing their funds if they lose their device or misplace their private keys,” Coinbase wrote in a blog…

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http://bit.ly/2Go5ORx Mix February 13, 2019 at 09:01AM