The less appropriate way is to store your password in clear in a plain text in text file or in registry which will make your sensitive information accessible to everyone who gain access as an admin
One of the best way to obfuscate the password is to use this ProtectedData Class
here an example from MSDN:
using System;
using System.Security.Cryptography;
public class DataProtectionSample
{
// Create byte array for additional entropy when using Protect method.
static byte [] s_aditionalEntropy = { 9, 8, 7, 6, 5 };
public static void Main()
{
// Create a simple byte array containing data to be encrypted.
byte [] secret = { 0, 1, 2, 3, 4, 1, 2, 3, 4 };
//Encrypt the data.
byte [] encryptedSecret = Protect( secret );
Console.WriteLine("The encrypted byte array is:");
PrintValues(encryptedSecret);
// Decrypt the data and store in a byte array.
byte [] originalData = Unprotect( encryptedSecret );
Console.WriteLine("{0}The original data is:", Environment.NewLine);
PrintValues(originalData);
}
public static byte [] Protect( byte [] data )
{
try
{
// Encrypt the data using DataProtectionScope.CurrentUser. The result can be decrypted
// only by the same current user.
return ProtectedData.Protect( data, s_aditionalEntropy, DataProtectionScope.CurrentUser );
}
catch (CryptographicException e)
{
Console.WriteLine("Data was not encrypted. An error occurred.");
Console.WriteLine(e.ToString());
return null;
}
}
public static byte [] Unprotect( byte [] data )
{
try
{
//Decrypt the data using DataProtectionScope.CurrentUser.
return ProtectedData.Unprotect( data, s_aditionalEntropy, DataProtectionScope.CurrentUser );
}
catch (CryptographicException e)
{
Console.WriteLine("Data was not decrypted. An error occurred.");
Console.WriteLine(e.ToString());
return null;
}
}
public static void PrintValues( Byte[] myArr )
{
foreach ( Byte i in myArr )
{
Console.Write( "\t{0}", i );
}
Console.WriteLine();
}
}