The crypto currency exchange Coinbase announced that users of its crypto Coinbase Wallet can now save encrypted AES-256-GCM the private keys to it using Google Drive (for Android devices) or iCloud (for iOS devices). Thus, the loss of a mobile device or a private key, consisting of a phrase of 12 words, they will retain access to the application and their finances. In the future, the developers intend to expand the list of supported cloud services.

To use the new feature, you must upgrade to the latest version, and follow the prompts to configure.

As additional security measures, users are encouraged to save a phrase to reset the password on paper, and also to activate two-factor authentication to their accounts on Google or iCloud.

🔐☁ Introducing Cloud Backup for your private keys on Coinbase Wallet!

Backup to your personal iCloud or Google Drive, and explore the open financial system with peace of mind.

— Coinbase Wallet (@CoinbaseWallet) February 12, 2019

Recall that the Coinbase Wallet crypto will replace decentralized mobile browser, Toshi, became known in August last year. Recently, the app added the ability to store bitcoins – in addition to Ethereum, Ethereum Classic and more than 100 thousand tokens ERC20 standards and ERC721.