Title: [ANN] Bitstamp adds support for two-factor authentication. Post by: Nejc Kodric (BitStamp.net) on June 21, 2012, 11:14:52 AM Dear Bitcoin community,
As part of our on going development, Bitstamp has added free support for two-factor authentication with instant setup. Details are included below. We would also like to thank our customers and the Bitcoin community for making Bitstamp’s outstanding growth a reality. Bitstamp now regularly ranks as the 3rd largest USD Bitcoin exchange, by 30 day volume, according to http://bitcoincharts.com/markets/. For those unfamiliar with Bitstamp:
For more details, including our low fees and our volume discount program, please visit our site: https://www.bitstamp.net Two-factor Authentication Two-factor authentication better protects your account. Instead of just relying on a password to access your account, to access your account with two-factor authentication you will need your password and a particular device such as your mobile phone. Google Authenticator Google Authenticator is a free mobile application that allows you to generate 2-step verification codes on your smartphone without a network connection. Supported Devices
http://guides.webbynode.com/articles/security/images/phones.png Enabling Google Authenticator
http://bitcoin.si/pic/setup.png How to login with two-factor authentication enabled
http://bitcoin.si/pic/2step.png What if I lose my phone When setting up your two-factor authentication on your mobile phone you must note and safely store the provided 16 character code. With that code you can install authenticator to other devices if yours breaks down or gets lost. Without that code Bitstamp cannot grant you access to your account. Questions, Comments, and Support If you have any questions, comments, or require additional support please contact us at: support@bitstamp.net Best regards, CEO, Nejc Kodrič Bitstamp d.o.o. Title: Re: [ANN] Bitstamp adds support for two-factor authentication. Post by: garyrowe on June 21, 2012, 12:10:36 PM Interesting approach. What would happen to your exchange if Google decided that it wouldn't authenticate your users any more?
Title: Re: [ANN] Bitstamp adds support for two-factor authentication. Post by: ahbritto on June 21, 2012, 06:13:59 PM What would happen to your exchange if Google decided that it wouldn't authenticate your users any more? While Google does provides the application, any web site can use it to authenticate. In theory, the application does not need to contact Google per use and is unaware of which web site the application is being used with. More information: http://en.wikipedia.org/wiki/Google_Authenticator (http://en.wikipedia.org/wiki/Google_Authenticator) Title: Re: [ANN] Bitstamp adds support for two-factor authentication. Post by: EnergyVampire on June 21, 2012, 06:18:41 PM Very nice, Nejc Kodrič !
Title: Re: [ANN] Bitstamp adds support for two-factor authentication. Post by: garyrowe on June 21, 2012, 07:28:50 PM What would happen to your exchange if Google decided that it wouldn't authenticate your users any more? While Google does provides the application, any web site can use it to authenticate. In theory, the application does not need to contact Google per use and is unaware of which web site the application is being used with. More information: http://en.wikipedia.org/wiki/Google_Authenticator (http://en.wikipedia.org/wiki/Google_Authenticator) Now that clears it up. Every day I learn something new and useful. Good work! Title: Re: [ANN] Bitstamp adds support for two-factor authentication. Post by: Nejc Kodric (BitStamp.net) on June 21, 2012, 08:54:47 PM Interesting approach. What would happen to your exchange if Google decided that it wouldn't authenticate your users any more? I see Arthur already answered pretty nicely. Great thing about google authenticator is that it is free, simple to set up and instantly available to anybody with supported mobile phone. Very nice, Nejc Kodrič ! Thank you Best regards, Nejc Kodrič Title: Re: [ANN] Bitstamp adds support for two-factor authentication. Post by: Stephen Gornick on June 21, 2012, 11:22:41 PM What if I lose my phone When setting up your two-factor authentication on your mobile phone you must note and safely store the provided 16 character code. With that code you can install authenticator to other devices if yours breaks down or gets lost. Without that code Bitstamp cannot grant you access to your account. Please consider an exit address where there is a sane method of recovery if both your phone and the securely-stored 16 character code are lost. - http://en.bitcoin.it/wiki/Exit_Address Title: Re: [ANN] Bitstamp adds support for two-factor authentication. Post by: Nejc Kodric (BitStamp.net) on June 22, 2012, 09:21:09 AM Thank you for your suggestion Stephen. We will consider that as well.
Best regards, Nejc Kodrič |