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Because we offer cloud backup as a convenience, we recommend that users also backup their passphrase manually after activating the cloud backup service. You will still have the option to view your recovery phrase and back it up manually as before. We intend to add support for other cloud services in the future.Ĭloud backup is optional and you have to opt-in to activate it.
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The cloud backup feature currently supports iCloud on iOS devices and Google Drive on Android devices. Your cloud backup provider will also not have access to your funds, as only you know the password that decrypts your encrypted recovery phrase.
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The backup can only be decrypted using your password.*Ĭoinbase will not have access to your password or funds at any time, preserving your privacy and control. Your backup is encrypted with AES-256-GCM encryption and accessible only by the Coinbase Wallet mobile app. If you lose your device or get signed out of the app, you can easily regain access to your funds with the combination of your personal cloud account (iCloud or Google Drive) and your password. You will only have to remember a password, that you decide, in order to recover your funds. Now, with cloud backup, we give you the ability to store an encrypted copy of your recovery phrase on your personal cloud account. Owners of ‘user-controlled wallets’ like Coinbase Wallet sometimes lose their devices or fail to backup their 12 word recovery phrase in a safe place, thus losing their funds forever. The private keys generated and stored on your mobile device are the only way to access your funds on the blockchain.
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Since we launched Coinbase Wallet (formerly Toshi), our users have experienced the full power of an open financial system - storing their own funds and accessing them anywhere in the world.īut with that power comes great responsibility. This new feature provides a safeguard for users, helping them avoid losing their funds if they lose their device or misplace their private keys.Įxplore the open financial system with peace of mind Starting today, you can now backup an encrypted version of your Coinbase Wallet’s private keys to your personal cloud storage accounts, using either Google Drive or iCloud. Backup your encrypted private keys on Google Drive and iCloud with Coinbase Wallet