Securing Crypto Wallets and Transactions through Cloud Security Protocols

Abstract

The rapid adoption of cryptocurrencies has led to an exponential increase in the use of digital wallets and online transactions, making security a paramount concern. Traditional wallet protection methods, such as passwords and private key storage, have proven inadequate in the face of sophisticated cyberattacks, phishing scams, and malware targeting blockchain-based systems. Cloud security protocols offer a promising approach to strengthening the resilience of crypto wallets and ensuring secure transaction flows. By leveraging encryption standards, multi-factor authentication, decentralized identity frameworks, and real-time intrusion detection systems, cloud-based security mechanisms can provide scalable and adaptive defenses against evolving threats. This paper explores the integration of cloud security protocols with cryptocurrency wallets and transactions, highlights the challenges in implementation, and outlines potential future directions including quantum-safe encryption and hybrid cloud–blockchain architectures. The findings emphasize the critical role of cloud security in safeguarding digital financial assets and enabling trust in decentralized economies.