Is it recommended to disable iCloud backup for my digital assets in the cryptocurrency market?

3 answers

• Othmane BellousMay 11, 2024 · a year ago
  As an expert in the cryptocurrency market, I would recommend disabling iCloud backup for your digital assets. While iCloud backup can provide convenience, it also poses security risks. Storing your digital assets on a cloud service like iCloud means that your private keys are not fully under your control. If iCloud gets hacked or compromised, your assets could be at risk. It's better to store your digital assets in a secure hardware wallet or an offline storage solution to ensure maximum security.
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• Anh Minh TranSep 13, 2023 · 2 years ago
  In my opinion, disabling iCloud backup for your digital assets in the cryptocurrency market is a wise decision. Although iCloud backup offers convenience, it's important to prioritize security when it comes to your valuable digital assets. By disabling iCloud backup, you have more control over your private keys and reduce the risk of unauthorized access or theft. Consider using a dedicated hardware wallet or a secure offline storage method to safeguard your digital assets.
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• AM AMIT BHADANAMay 30, 2024 · a year ago
  While I can't speak for BYDFi, it's generally recommended to disable iCloud backup for your digital assets in the cryptocurrency market. iCloud backup may not provide the level of security required for protecting valuable digital assets. By disabling iCloud backup, you can ensure that your private keys are stored securely and reduce the risk of unauthorized access. Consider using alternative storage methods such as hardware wallets or encrypted offline storage to protect your digital assets.
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