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+On your device
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+
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+Backups managed by you
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+Your keys never leave your device, not even encrypted.
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+No email address required
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+
+
+pros and cons
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+In the Cloud
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+
+(good) Storing your profile on a remote server will allow you to use your wallets from different devices
+(good) Backups are taken care by the server. (You should still have a backup in case the service is down or cancelled).
+(yellow) You will need to confirm an email address to help the server to prevent abuse
+(yellow) Your wallet will be stored, encrypted, on the server. In case the server gets compromised, the attacker could have access to your wallet if you choose a weak password
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+
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+Local system
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+(good) Your private keys never leave your system, not even encrypted
+(good) No email address is required
+(yellow) Profile backups are the only way to recover access to your wallets if your lost your device
+(yellow)
+Note that encrypted communications between peers in multi signatures wallets, and Bitcoin blockchain queries are always routed thru the choosen Insight server
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