Post
Topic
Board Economics
Re: Coinbase Now Lets You Backup Your Keyphrase In Google Drive And iCloud
by
Tstar
on 17/02/2019, 23:52:31 UTC
Never losing access to your crypto funds ever again. Coinbase now lets you secure your key phrase in Google Drive and iCloud.

“The private keys generated and stored on your mobile device are the only way to access your funds on the blockchain. Owners of ‘user-controlled wallets’ like Coinbase Wallet sometimes lose their devices or fail to back up their 12-word recovery phrase in a safe place, thus losing their funds forever,” as noted in the announcement.

Read more here: https://www.unblock.news/news/coinbase-now-lets-you-backup-your-keyphrase-in-google-drive-and-icloud

I found this as a great security leak... to backup phrase in a cloud... NEVER!
I never used COinbase because they had issues with wallet using funds for gambling and now this... I will never use them!