Password manager: should key file be stored on a different device than password db file (even if master pw used)?

Does it defeat the purpose of a key file to store it in the same location as the password database? What if a master password is needed also?

For example I save my .kdbx to dropbox as a means to backup and was wondering if I… Continue reading Password manager: should key file be stored on a different device than password db file (even if master pw used)?