Post
Topic
Board Bitcoin Discussion
Re: Is it safe keep my money in cloud?
by
vv181
on 16/11/2022, 09:34:32 UTC
I keep my crypto folio on goodle drive and partial on one drive.
I read reminder news on top page and still doubt to keep staying or moving it.

The point of the news announcement is to inform the risk of storing the coin where you did not have any control over your own money a.k.a the key.

If what you meant is you are keeping your cryptocurrency key backup on drive and cloud, it's rather a backup or data security method and concern that need to be addressed. As other have been mentioned, ideally you should have multiple separate locations of the backup. Physically and digitally is fine, there is a great reference on how to do it on the bitcoin wiki link above. What is essential is that you have a failure mechanism plan in case one of the backup methods is fail, so you still have access to your data.