Is it safe to use iCloud backup for storing my cryptocurrency wallet passwords?

3 answers

• Nov 26, 2021 · 3 years ago
  Using iCloud backup for storing your cryptocurrency wallet passwords may not be the safest option. While iCloud is generally secure, it is not specifically designed for storing sensitive financial information like cryptocurrency wallet passwords. There is a risk of unauthorized access to your iCloud account, which could lead to the theft of your passwords and potentially the loss of your cryptocurrency funds. It is recommended to use a dedicated offline or hardware wallet for storing your cryptocurrency wallet passwords to ensure maximum security.
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• Nov 26, 2021 · 3 years ago
  No, it is not safe to use iCloud backup for storing your cryptocurrency wallet passwords. iCloud is a cloud storage service provided by Apple, and although it has security measures in place, it is not specifically designed for storing sensitive financial information like cryptocurrency wallet passwords. Storing your passwords in the cloud increases the risk of unauthorized access and potential loss of your funds. It is recommended to use a hardware wallet or a secure offline storage solution to store your cryptocurrency wallet passwords.
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• Nov 26, 2021 · 3 years ago
  As a representative of BYDFi, I would advise against using iCloud backup for storing your cryptocurrency wallet passwords. While iCloud is generally secure, it is not specifically designed for storing sensitive financial information like cryptocurrency wallet passwords. There have been cases of iCloud accounts being hacked, leading to the loss of valuable data. It is always recommended to use a dedicated offline or hardware wallet for storing your cryptocurrency wallet passwords to ensure maximum security and protect your funds from potential risks.
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