Saving user credentials in a Windows application

Question

Is there is a best practices way to store credentials in a .NET Windows application, be it be a built in API or just a recommend encryption algorithm?

Along the same lines as Tortoise SVN, Spotify and Skype.

Edit: My intention is to use a web service that returns a token from it's authentication service. The other services then accept that token as a parameter. However, the token expires after 30 minutes so storing the token itself it pointless for this task.

Answer 1

It appears that using ProtectedData (which wraps the Windows Data Protection API) is my best bet, as it has the option to encrypt based on the currently logged in user.

byte[] dataToEncrypt = new byte[] { ... };

// entropy will be combined with current user credentials
byte[] additionalEntropy = new byte { 0x1, 0x2, 0x3, 0x4 };

byte[] encryptedData = ProtectedData.Protect(
    dataToEncrypt, additionalEntropy, DataProtectionScope.CurrentUser);

byte[] decryptedData = ProtectedData.Unprotect(
    encryptedData, additionalEntropy, DataProtectionScope.CurrentUser);