Topic: Is it safe keep my money in cloud? (Read 482 times)

This forum is the best place for you to learn up more about crypto not only on Bitcoin but as a general on this crypto space.It is really just a matter of effort and time to be spend for you to extent out your

knowledge and awareness about crypto thingy.You could able to determine on whats the risky thing and whats more secure.Speaking about storage of seeds and pk's then it wont really be that a good idea

on storing it on a cloud or something that is connected to internet.You cant really be so sure if thats 100% even if you do say that you are the only ones who do
know about your account password.Its never been that a guarantee.

Apparently, you are very fond of taking risks if you decide to store crypto on google drive or one drive. If I were you, I would never do anything in the world, as you, because I have been receiving information from this forum for a long time. It's not safe, so the best solution is to move. I don't know what you store on google drive because you didn't specify in your post. If this is a seed-phrase, then you need to create a new seed-phrase, write it down on a piece of paper (or other physical information carrier) and move your crypto to new addresses (tied to new seed).

Spend more time reading bitcointalk. You will get a lot of new things.

You already got your answer , and that is to move it out and put in offline wallet , Trezor / Ledger Nano walet will save you from this specially if you are holding big amount here , cloud is still not your Key so chances of being deleted or being hacked in time is there.
try to follow those advises if you truly have concern in your funds to be taken away.
its been said and better , off line is still the perfect way to save your funds.

You're right, of course, but you're overly hating Google's security level. Data stored in the cloud is almost always encrypted. The cipher must be cracked before an attacker gains access to the information. The location of such encryption keys varies depending on the storage services.

Being safe doesn't mean your keys are safe in their servers. A lot of things could happen, a hacked could exploit something in their system and gain access to your cloud accounts and take your files out of there.
For example Yahoo mail was considered secure, they've been hacked multiple times over the past decade and users have lost a lot of personal information and money because of that, me included.

I refrain from outting important informations in devices even on online platforms because it could be at risk of being accessed especially if I'd accidentally encounter phising sutes and like likes, without my awareness. Seedphases, passcodes and other important informations from my accounts were put into my personal booklet to get a hold of it literally. Atleast, if I'm gonna lost it, there's no other people to blame and that would save me from regrets somehow.
Well, we've all gone through that. Extreme negligence at first. But as long as we come across with cases involving consequences of such actions, we are all learning. This is also why topics of such really play a good part in this community. Even if sometimes it is as cliche as it may sound. Reminders are created for a purpose.

I supposedly this thread's title translates to your coin, as your coin belongs with a wallet and your access to wallet is your private key or your seed phrase.

A passage of access (being key and seed phrase) in this regard becomes of utmost importance and should be protected with maximum security and hiding it in the clouds isn't one way to do that. You immediately put your wallet at risk by doing that. Let's not be mistaken, the clouds is relatively safe but, its very susceptible to hacks and one might get access to the mails for which, you might have used in set up, old devices used in accessing the platform and others then, you'll be sorry.

Wayback when im still a noob which i had the bad habit on storing up my keys or phrases on my gmail account and save up on drafts which i do think that in case i had bust up my own pc then i could
always anytime able to restore it as long i do have the access of my email which im certainly wrong with that kind of idea in mind and its never been that worth on doing so.
This is why i have decided on deleted it out and decide to make up backs up 3 flashdrives which i do placed up on different locations which im the only one
whose aware on where it is.This do really gives out that having no worries if someone cant able to access your funds.

"Cloud" is someone else's computer. Whomever owns the cloud storage can read the data that the users store, and could be forced by law enforcement to share the data, or hackers could hack the service and steal the data. You can also be denied access to your data for some reason, or the service could suddenly close or lose data as a result of some accident. You can use strong encryption to reduce some of the risks, but still the risks remain. So using cloud as your only source of back up is a very bad idea, but if it's one out of many backups and its encrypted with strong cryptography, then it's more acceptable, but still not optimal.

Risks aren't just security vulnerabilities, but unforeseen accidents. You're handed the backup key over to a service that you have no control over. There's no limit to what you can do, but if you wanna follow cryptographic security standards, cloud storage isn't recommended anyway.

Always store all offline, any method of online storage is not secure, google or microsoft are top tech companies but there is no guarantee they are not hacked. Protect your own assets, do not trust any 3rd party, especially online storage, very vulnerable to hackers, viruses... attacks.



No method is absolutely safe, use it the way you think is best for you, the most important thing is how you preserve it. I write them down on paper in 3 different copies and I laminate them and give them to relatives to keep and store them in different places. Steel plate is fireproof, waterproof ... but in cases like natural disasters, floods that you can't bring them when you go on a business trip, there can still be risks.

Well it would be better to save it offline on cold wallets the issue of your keys been hacked especially if you are keeping slot of cryptocurrency

It would be better to save it cold TI wallet ,very reliable and can save you the stress of hearing sad story of a centralized system been hacked or experiencing issues just like the reason stories told to everyone involved in the saga

Get your wallet files off the cloud

There have been many sob stories of people coming to us and opening threads where they beg for any possible method they can possibly get their stolen BTC back, after someone had already downloaded their wallet file and cracked their password and stole the money. Do not become one of them.

Google Drive is not safe, they periodically sell out access to your data to various 3 letter agencies, who then proceed to get hacked and then people wonder why their crypto has suddenly disappeared.

It is everyone's concern about the safety of our funds and it was highly advisable also not to put our money in any online wallets unless it is necessary but to not takes so long to stay there. If you are the one who is afraid of losing your money, then make sure that your coins ins your full control, not someone else.

There are a lot of stories and claims in regard to losing their money in exchanges and online wallets. We should anticipate the possible hacks, we never know who is their target.

I got hacked few months ago. I used the EVERNOTE online notepad to keep a backup of my wallet's phrase key. Few days later, every transaction i send to my wallet get's directly sent out to some other wallet address. There's no way to recover that account. I have tried many way to recover it and done many things.
I was trying to find the main reason and how they hacked my wallet.
so i saved another wallet's phrase key in Evernote again and waited.
to my surprise that one got hacked too.
Here's the wallet address for you to check out : 0x8E456599dB2429cFf0AC8f9d5b5aA29E7C921642 &  0xaE8e5e5263bc23D84794FbDeb6e1ea00D106b7cA     
Scan it on ether scan polygon scan and other to see how it's happening.

So from my experience, never save your secret key in online storage. make multiple offline hardware copy and save them in different places.

One way i was able to avoid getting hacked while saving it in online was to scatter the word and add some random words which you will remember wasn't there. Or you can create a sequence of numbers or a pattern and scatter them in that order so you can re assemble them using that patter.

But offline is 90% recommended.

---

Have you heard of John the ripper?
here's the website of it Click here


It's a very powerful tool and very dangerous in the wrong hand. And the most horrifying thing is it doesn't require a strong, powerful machine to operate on.
So if you think you are safe then think about that again. Are you really safe?

I am showing this here because i have tried this tool already and it sure does work.

[moderator's note: consecutive posts merged]

If you can keep it with enough security then it is not a problem and keeping your documents in google drive is not a big problem but keeping the private key of cryptocurrencies online is not very advisable because in return if you have the private key then the crypto is yours but If it goes to a second person, then that person can easily steal that crypto, so you must should be careful of them . Since your name is Not your key not your BTC , I think you understand everything

You don't need to worry because my file have 2nd security by archived using winrar with strong password. doesn't just open

Trust Google? It's easier to write your keys on your wall, and it will be more secure.
OP, the bicycle has been around for a long time. It's not hard to just write it up on paper, engrave it on steel, and place it in different places. Why invent complexity? Everything connected to Google is connected to surveillance. One day, Google will die, and everything that it so diligently stores will die.

I wouldn't say Google Drive is weak for security.  Because it will completely depend on you. Google Drive service is provided through an email.  When you save something to Google Drive you must have that email and whoever has that email will have access to your driver.  So unfortunately if your email gets hacked everything will be stolen from your drive.  And email hacking is a very common thing that happens many times, so I think it is better not to keep important documents, especially the backup or private keys of any wallet in Google Drive.  You can keep it offline on a paper note or pen drive, it will give you better security.

Avoid keeping your private key on anywhere that their is internet connection, make sure you secure your private key offline, anywhere that their is not internet connection, I think if you want to properly secure your your private key, make sure you get a metal steel and carve your private key on it, I think that's a nice way to secure your private key. lot's of people store their private key on their email address and other places online which can be hacked at any moment, we have to be careful and we don't have to secure our private key online.