We’re happy to announce the combination of Cloud Backups for the Blockchain.com Pockets, fixing the age-old catch-22: how you can make controlling your cash each simple and safe.
Non-custodial wallets have at all times been a novel characteristic of crypto. They permit full consumer sovereignty by making certain that solely those that management the personal keys have entry to an account. However whereas controlling your cash is highly effective, it may make crypto wallets a lot more durable to make use of than conventional monetary accounts. As an illustration, if a consumer unintentionally logs out or loses their password (and secret restoration phrase), they lose entry to their funds… Ceaselessly.
After years of utilizing web accounts for banks and electronic mail suppliers, customers are sometimes blindsided by this actuality. We don’t take pleasure in explaining to individuals of their second of misery that we are able to’t assist them recuperate their funds.
So we thought there should be a greater method. The place we are able to be sure that Blockchain.com customers each preserve full management of their funds AND have a better method of getting again into their account — with out having to create a system to avoid wasting and retailer a secret restoration phrase.
So we’re proud to announce that we’ve created a simple and safe backup through iCloud and Google Drive that seamlessly upgrades the pockets expertise for iPhone and Android customers.
How does it work?
If you log into your pockets, we create an encrypted backup of your pockets in your private iCloud or Google Drive account to make restoration simpler. This characteristic is offered solely on our cellular apps and is turned on by default. Test that you’ve got system backups turned on and an Apple or Google account to make sure that you could recuperate your pockets should you lose your backup phrase or system.
If you happen to delete your pockets app or get a brand new system and need to regain entry to your funds, all you must do is redownload the app and enter your PIN to revive your pockets.
Your Blockchain pockets backup won’t change how a lot cupboard space you will have remaining in your Google Drive or iCloud accounts.
The cloud restore characteristic solely works on gadgets utilizing the identical working system. Android solely helps this characteristic when Google Play companies are enabled.
How does this hold my funds safe?
The entire safety features of your non-custodial pockets stay the identical. The encrypted backup we create in your iCloud/Google Drive account doesn’t present entry to your pockets to both your cloud supplier (Apple or Google) or to Blockchain.com. So long as you retain your personal pockets info and cloud account safe, solely you possibly can entry your pockets and funds.
Cloud backups are designed to make pockets restoration simpler within the occasion that you just change cellular gadgets, delete the pockets app, or lose your pockets password and/or 12-word backup phrase.
Can I opt-out of backing up my pockets?
We suggest conserving cloud backups enabled to make sure you by no means lose entry to your funds. Nonetheless, should you want to opt-out of cloud backups, you are able to do so inside your pockets settings.
If you happen to opt-out of cloud backups, or should you would not have system backups enabled in your system, we strongly suggest you write down your 12-word backup phrase and retailer it securely. Blockchain.com can not reset or recuperate pockets passwords or backup phrases, so should you lose your pockets password and would not have your backup phrase, entry to your pockets and crypto shall be misplaced.
Finish-user safety is paramount to us. That is simply one other step in our journey to make crypto easier to use for everyone.