How safe is to storage private keys in the cloud? - page 6.

Dahhi

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Quote from: USBitcoinServices.Com on May 20, 2016, 08:57:41 PM

Can someone know where a private key belongs once a person have found it?

Let's say a private key copy is stored in the cloud and is found for a bad person; is it possible for that person to know where to use that private key?

Once the bad person finds your private key, he can spend it. There is no such thing as knowing where to spend it. He can spend it anywhere he wants.

It's best to store your private key in a paper wallet.

Cyaren

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To be honest, it's not that "private" to store private keys in the cloud. Especially if you're planning on using the address as a cold storage one, or you're planning on depositing a lot of bitcoins into that addresses.

If there is a major hack into that cloud provider, there is every chance that you will be effected too. To lower the chances, you might be able to try BIP38 encryption. Makes it a bit harder for the hacker to decode.

GreenBits

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Quote from: nanonymousx on May 21, 2016, 01:29:47 AM

Not safe at all. Don't do that, if the site has a bad employee, your coins can be gone in no time.

I concur, and this man deserves a cookie.

I had not considered bad actors as custodians of the data. It truly is best to keep this data as far away from a connected device as you possibly can.

nanonymousx

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Not safe at all. Don't do that, if the site has a bad employee, your coins can be gone in no time.

chichidori

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There are many type of private key not just bitcoin and other altcoin some encrypted data also uses private key. if the bad person somehow obtain the private key and he knows about bitcoin that will be his first step and try the other if it does not work.

Herbert2020

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Quote from: USBitcoinServices.Com on May 21, 2016, 01:16:31 AM

How about to storage half of the private key in one cloud service and the other half in a different one?

Hardware devices can be easily lost, so need to have backups of them too..

why do you want to make it harder than it is, learn how to encrypt the private keys and you can also put it in a txt file and then put that txt also in a .rar file which is password protected (this way would be double secure) then upload it.

USBitcoinServices.Com

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How about to storage half of the private key in one cloud service and the other half in a different one?

Hardware devices can be easily lost, so need to have backups of them too..

Winoc

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Quote from: USBitcoinServices.Com on May 20, 2016, 09:43:49 PM

How about to storage it at https://clipperz.is/ ? it is an encrypted platform.. or in a decentralized platform like storj or any other similar? or at a decentralized exchange like CCEDK.com, openledger.info

I have never used clipperz service but I highly recommend you to store your private keys in an offline wallet or buy a hardware wallet for best security.Never store your bits in an exchange too for long time.

OROBTC

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Quote from: MicroGuy on May 20, 2016, 10:24:49 PM

Quote from: USBitcoinServices.Com on May 20, 2016, 08:57:41 PM

Can someone know where a private key belongs once a person have found it?

Let's say a private key copy is stored in the cloud and is found for a bad person; is it possible for that person to know where to use that private key?

Just rename the file something like family_pics_2009.zip and it will be totally safe. Cheesy

Yes, that could work with proper creativity.

Or you could just add "1" to the second number in your key, or subtract two letters... Just remember exactly what you did.

In general it would be better to go with a Ledger or Trezor. I like them both.

GreenBits

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Quote from: aarons6 on May 20, 2016, 11:31:49 PM

id say its really safe to store your keys in the cloud if you put them in text file and encrypt them in a rar file with a good password.

even brute force it would take 100s of years to crack a good rar password.

I agree that a well encrypted file is pretty damned secure, but even better to not have the file available to those that don't need to see it. Better to keep your keys as private as possible.

aarons6

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id say its really safe to store your keys in the cloud if you put them in text file and encrypt them in a rar file with a good password.

even brute force it would take 100s of years to crack a good rar password.

BitcoinNewsMagazine

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Never. Two choices are:

1) Old school. Use Electrum or Armory for cold storage using two computers, one online for watching only half of the wallet, the other strictly offline for the wallet and private keys. Use a USB drive to transfer transactions. Still popular with some.
2) Bitcoin hardware wallet. Trezor is the most trusted having a two year track record. Also most versatile.

outatime1

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I think it's best to keep private keys offline and possibly on paper only. If you keep it on a computer, you should encrypt it and make sure it is extremely secure.

wintermeasures

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Quote from: USBitcoinServices.Com on May 20, 2016, 08:57:41 PM

Can someone know where a private key belongs once a person have found it?

Let's say a private key copy is stored in the cloud and is found for a bad person; is it possible for that person to know where to use that private key?

I suggest you never store your private key in the cloud, in other words do not store the private key online. Because it was too risky, blockchains a big company can be hacked. What about us? having only protection is not as good as blockchains course.
So it's safe to keep your private key offline, as written in the paper maybe...
thank you

MicroGuy

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Quote from: USBitcoinServices.Com on May 20, 2016, 08:57:41 PM

Can someone know where a private key belongs once a person have found it?

Let's say a private key copy is stored in the cloud and is found for a bad person; is it possible for that person to know where to use that private key?

Just rename the file something like family_pics_2009.zip and it will be totally safe. Cheesy

biggbox

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It is called private keys for a reason. They should only be known to you and held in strong storage accessible only by you. Never trust cloud storage.

MingLee

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I personally highly, highly recommend against storing your private keys in any sort of cloud database, as any breach of the database, unless it is encrypted and the encryption keys aren't compromised as well, would result in your private keys being available to the hacker (or anyone with access to the data from that point) and it could be a race against time to move your Bitcoin before the hacker finds your key and takes the Bitcoin, assuming he doesn't go for it right away.

USBitcoinServices.Com

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How about to storage it at https://clipperz.is/ ? it is an encrypted platform.. or in a decentralized platform like storj or any other similar? or at a decentralized exchange like CCEDK.com, openledger.info

bitcoineverything

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I would suggest bring your private keys offline. It is scary to store them in the cloud.

If you really want to store in the cloud, look for a credible cloud service. Back it up and keep it safe from prying eyes.

jacobmayes94

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https://bitcointalksearch.org/topic/10000-in-cryptos-stolen-off-my-desktop-from-an-encrypted-folder-how-why-1451715

This could just as easily happen to a cloud account.

Get either a hardware wallet (ledger if your cheap, trezor if you want something a bit more durable) and keep a backup of the paper seed separate OFF of the computer, or a coinbase multisig vault account with a strong passphrase and keep the print out of the backup/recovery keys (can be used to recover if coinbase goes bust with your passphrase) or if you forget your passphrase and coinbase is still alive, used to recover the vault from a forgotten passphrase.

Just do not keep private keys in the cloud.

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