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I haven't looked into it in a while but I was just thinking that I wanted to create a secure block on my OneDrive and I've always used VeraCrypt for that in the past. Is VeraCrypt still the way to go or is there something better these days?
I don't think there is anything else besides OS provided tools like FileVault (MacOS) and BitLocker (Windows) and LUKS (Linux) that has any [good] reputation. There are some online cloud-y specific tools though. https://alternativeto.net/software/veracrypt/
I just started using this week for local backups. With the pandemic and our work-from-home implemented in a hurry this year, I ended up with the company's desktop brought to my home office. The only way I could feel safe with all this equipment at home is to use Linux's whole drive encryption.
VeraCrypt comes in handy for encrypted backups. I needed to pick an option for having hard drives lying around with backups full of keys, secrets and VPN settings, ready to work unrestricted in the corporate network. Even if there are flaws, it's a lot better than nothing. If the backup drives get stolen, I can be considered a low enough profile target. I will not be worth breaking any encryption. The drives will most likely just be wiped to be refurbished.
I believe it's still a good choice. The last release was only 4 months ago, so it's still being updated. The last time I did research, there aren't many other options besides the ones mentioned by @PHolder .
I've been using VeraCrypt for quite a while on my various PCs and all in all its been great. However please note that after the release of Windows 1903 there has been an issue when encrypting the system drive with VC. The issue results in Windows locking up when the swap-file is used. I had this issue myself and it was driving me nuts, thinking my hardware was unstable. However after two different PCs started locking up, I looked for what the two had in common and I came across this post in the VC forum https://sourceforge.net/p/veracrypt/discussion/general/thread/f6e7f623d0/
On the Mac, I use the built in OS X AES-256 encrypted disc images created with Disk Utility. I felt a little burned when TrueCrypt folded. I have a little more faith that the Apple encrypted containers will continue to be supported since people are always asking if VeraCrypt is still being updated.