Robinhood is now allowing recovery seed backup into their cloud he said, and when I checked I got angry 💢.
It's not even Robinhood owns cloud service.
I want to say this here that Robinhood doesn't make this a mandatory backup option. They also have a manual backup option and recommend writing down your seed phrase offline. Cloud backup is for convenience, not security.
He was willing to take the risk simply because it is Robinhood, they are big he said again, but there is no such thing as been big when it comes to your recovery seed I told him, I think this will probably safe one or two beginners on here too.
Agree, being a big company doesn't mean it's safe to store your seed phrase digitally. Once someone gains access to that seed phrase, they have full control of your wallet.
Cloud storage is a wrong place for your recovery seed, do not be misleaded by centralised crypto companies who are acting like they know what's best for everyone.
The problem is not the existence of the cloud option but rather those who consider it the default or most secure solution. Offline backup is still the most acceptable method for those who want to take self custody.