Quote from: randy8777 on March 29, 2015, 10:12:03 AM

Quote from: Soros Shorts on March 29, 2015, 08:01:23 AM

Quote from: bitmarket.io on March 29, 2015, 07:41:13 AM

what do you think of storing your wallet backup in the cloud? like a storage service. like google drive / drop box / iCloud drive / etc...?

of course there is the USB stick and paper option too...

also how do you load a backup into bitcoin-qt?

Yeah, I use this method. I first PGP encrypt the wallet backup, then zip it, and finally attach it to a message on Gmail or some other mail service. Pretty convenient.

Even with a password protected wallet I would never leave it on the cloud without secondary encryption because someone could still see your transactions and addresses.

To restore the backup for bitcoin core, shut down the client and replace the current wallet.dat with your backup copy. Then restart the client.

even when it is pgp encrypted, you should never leave a wallet with potentially thousands dollars worth of coins in it in your mail or cloud. i know pgp encryption is very strong, but still it's not 100% safe.

As long as the PGP private key is kept in a safe place storing your private keys in the cloud (while PGP encrypted) should be safe. Although if you are going to be securing something with your PGP key then you might as well backup your private keys in the same place that you keep your PGP key (ideally on an offline computer). If you are going to need a backup of your private keys, then you would probably need a backup of your PGP key as well so securing it this way is somewhat of a catch 22 - although you could encrypt it with a passphraise, although this is less secure