Post
Topic
Board Economics
Re: Security issues relating to Private Keys storage
by
notaek
on 04/07/2018, 23:13:14 UTC
To my hypothesis, there are a lot of crypto enthusiasts who are fond of keeping their private keys, Keystore / JSON File, seed words, mnemonic phrases etc to their wallet on cloud storage platforms like google drive and the several others.

That's a big no no. The sole purpose of a wallet being called a "cold storage" is to save it in a place where no one but the owner can reach out to, when needed.
Storing private keys on cloud storage revokes that sole purpose.

Nowadays there are so many ways to save your private keys as a cold storage. One such example is having Cryptosteel.