Coinbase Wallet users will soon be able to back up their private keys on Google Drive and Apple iCloud personal cloud storage platforms, as reported by CoinDesk.
On February 12, the cryptocurrency exchange from San Francisco published a press release on its blog about cooperation with Google Drive and Apple iCloud. According to the press release, in the event that users lose their private keys or a crypto-wallet, they will be able to use the new feature to back up the recovery phrase. As you know, the "phrase" code consists of 12 words, and its backup will help to avoid losing access to money in the wallet.
Interesting in the section: BitPay Wallet for storing Bitcoin
Coinbase: backups to Google Drive and Apple iCloud
According to a press release in Coinbase, when backing up to the cloud storage, users only need to remember the password. This feature will help restore access to money, since private keys will always be safe.
"Now with cloud backup, we give you the ability to store an encrypted copy of your recovery phrase in your personal cloud account. You will only need to remember the password that you come up with" – from the Coinbase blog on Medium.
Coinbase representatives reported that the backup function is encrypted using the AES-256-GCM system, and is available only to the Coinbase Wallet mobile application. Private keys can only be decrypted with a password.
"The cloud backup feature currently supports iCloud on iOS devices and Google Drive on Android devices. We intend to add support for other cloud services in the future." – from the Coinbase blog on Medium.
Interesting in the section: Coinbase Cryptobusiness Exchange: an overview of the exchange platform
Coinbase Wallet added backup keys to Google Drive and Apple iCloud. According to the press release, those wishing to use this feature should download an update for the wallet after notification. Backup can be enabled in the "Settings" menu by selecting "Restore Phrase" and following the further instructions.
Editor: Pereyidenko Ihor