2FA Authentication

[NeilLostBitCoin]

Is it better to have 2FA authentication code in your bitcoin site? Ex: Faucets, investments, and wallets?
What is the advantages and disadvantages of having 2FA code in your account? Thanks!

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[NeuroticFish]

Is it better to have 2FA authentication code in your bitcoin site? Ex: Faucets, investments, and wallets?
What is the advantages and disadvantages of having 2FA code in your account? Thanks!

2FA makes your account safer. It's easier to steal a static password (phishing) than also steal the 2FA key.
Disadvantage - if your phone is lost, stolen or at least its battery is drained, you may not log in. You also have to make sure you don't delete the authenticator program.

[NeilLostBitCoin]

Is it better to have 2FA authentication code in your bitcoin site? Ex: Faucets, investments, and wallets?
What is the advantages and disadvantages of having 2FA code in your account? Thanks!

2FA makes your account safer. It's easier to steal a static password (phishing) than also steal the 2FA key.
Disadvantage - if your phone is lost, stolen or at least its battery is drained, you may not log in. You also have to make sure you don't delete the authenticator program.

I have this app "Google Authenticator" and I used this in my Primedice account. What if I lost my phone? Is there a way to retrieve the google authenticator in my phone? Or maybe can I just log-in in Google?

[NeuroticFish]

Is it better to have 2FA authentication code in your bitcoin site? Ex: Faucets, investments, and wallets?
What is the advantages and disadvantages of having 2FA code in your account? Thanks!

2FA makes your account safer. It's easier to steal a static password (phishing) than also steal the 2FA key.
Disadvantage - if your phone is lost, stolen or at least its battery is drained, you may not log in. You also have to make sure you don't delete the authenticator program.

I have this app "Google Authenticator" and I used this in my Primedice account. What if I lost my phone? Is there a way to retrieve the google authenticator in my phone? Or maybe can I just log-in in Google?

Each and every site, when you activate 2FA, has to also offer a "secret key".
That's your only chance to "retrieve" authentication, so keep it safe.

If your phone is lost, you can duplicate the authentication feature on another phone with this secret key.
But if your phone is lost or stolen, your 2FA app is stolen with it and other may have access to your wallet.

Log in to Google doesn't help. They don't spy on you that bad

[bitcoinisfurture]

I think many have this 2FA. Its an added security better for all.

[NeilLostBitCoin]

Is it better to have 2FA authentication code in your bitcoin site? Ex: Faucets, investments, and wallets?
What is the advantages and disadvantages of having 2FA code in your account? Thanks!

2FA makes your account safer. It's easier to steal a static password (phishing) than also steal the 2FA key.
Disadvantage - if your phone is lost, stolen or at least its battery is drained, you may not log in. You also have to make sure you don't delete the authenticator program.

I have this app "Google Authenticator" and I used this in my Primedice account. What if I lost my phone? Is there a way to retrieve the google authenticator in my phone? Or maybe can I just log-in in Google?

Each and every site, when you activate 2FA, has to also offer a "secret key".
That's your only chance to "retrieve" authentication, so keep it safe.

If your phone is lost, you can duplicate the authentication feature on another phone with this secret key.
But if your phone is lost or stolen, your 2FA app is stolen with it and other may have access to your wallet.

Log in to Google doesn't help. They don't spy on you that bad

So there's a way after all, fortunately I have my secret key.  Alright then, I will keep it safe. Thank you for the help and conversation. 

[NeilLostBitCoin]

I think many have this 2FA. Its an added security better for all.

Yeah, it is good to keep safe your account with this amazing feature. I activated all of my 2FA feature in all of my accounts.  

[TommyBitcoin]

Is it better to have 2FA authentication code in your bitcoin site? Ex: Faucets, investments, and wallets?
What is the advantages and disadvantages of having 2FA code in your account? Thanks!

Yes!  You SHOULD have 2fa with any account related to money.  That includes all exchanges, faucets, gambling sites...and the list goes on.

I have been reading about a lot of social engineering hacks on email accounts.  So, I have enabled 2fa on nearly everything of value, even if it is something personal, like my email.

Countless people (me included) have learned the hard way about not using 2fa-  a brute force attack on your password will hack your account and steal your btc.  So, don't learn the hard way.

The disadvantages are the extra "hassle" of going thru 1 additional step.  It's worth it!  Even if you are a trader and you have many trades coming in at once..yes it does slow you down, but it is worth it.

You can have 2fa in many forms.  Some offer a paper printout option, others require you to enter a code retrieved by Google authenticator and authy.

I guess another disadvantage is if you lose your cell phone and you have to enter a code from authy or google authenticator.  I think, though, that you can still access these 2fa apps from a computer.

So, long story short:  yes!

[NeilLostBitCoin]

Is it better to have 2FA authentication code in your bitcoin site? Ex: Faucets, investments, and wallets?
What is the advantages and disadvantages of having 2FA code in your account? Thanks!

Yes!  You SHOULD have 2fa with any account related to money.  That includes all exchanges, faucets, gambling sites...and the list goes on.

I have been reading about a lot of social engineering hacks on email accounts.  So, I have enabled 2fa on nearly everything of value, even if it is something personal, like my email.

Countless people (me included) have learned the hard way about not using 2fa-  a brute force attack on your password will hack your account and steal your btc.  So, don't learn the hard way.

The disadvantages are the extra "hassle" of going thru 1 additional step.  It's worth it!  Even if you are a trader and you have many trades coming in at once..yes it does slow you down, but it is worth it.

You can have 2fa in many forms.  Some offer a paper printout option, others require you to enter a code retrieved by Google authenticator and authy.

I guess another disadvantage is if you lose your cell phone and you have to enter a code from authy or google authenticator.  I think, though, that you can still access these 2fa apps from a computer.

So, long story short:  yes!

Im always changing my passwords of all of my accounts every 1 month, some of my accounts had a phone verification and also 2FA Authentication. Well yes, the critical disadvantage will be losing your phone.

[BitcoinRonnie]

Is it easy to transfer this to a new cell? Been using for a year but need to upgrade my cell soon.

[bitbaby]

Is it easy to transfer this to a new cell? Been using for a year but need to upgrade my cell soon.

If you have the key, which is required to generate the 2fa code then just transfer it to any other device and it will start generating the code for you. Just make sure to type it correctly if you're doing it manually.

Im always changing my passwords of all of my accounts every 1 month, some of my accounts had a phone verification and also 2FA Authentication. Well yes, the critical disadvantage will be losing your phone.

If you keep back up of the key which is presented to you when you first enable the 2fa then it doesn't matter if you lose your phone because you can use the key to get 2fa code from any other device.

[ubitcoin]

Is it better to have 2FA authentication code in your bitcoin site? Ex: Faucets, investments, and wallets?
What is the advantages and disadvantages of having 2FA code in your account? Thanks!

2FA is for best security practice, and we shouldn't be greedy in keeping our belongings secure !!
2FA makes your account more secured and because its virtually impossible to spoof it !

[thecryptocoinman]

I ALWAYS use 2FA! I had coins stolen once before and never again! I will never not use 2FA again! I even use it on my hotmail account!

[Feg_Meister]

Nothing is safe online

[The Cryptologist]

Is it better to have 2FA authentication code in your bitcoin site? Ex: Faucets, investments, and wallets?
What is the advantages and disadvantages of having 2FA code in your account? Thanks!

It's very important. Without having 2fa, you will make it easy for hackers to ranscack all the coins that you have.

[madwica]

Is it better to have 2FA authentication code in your bitcoin site? Ex: Faucets, investments, and wallets?
What is the advantages and disadvantages of having 2FA code in your account? Thanks!

Using 2FA authentication it will make your wallets much safer, for me if you do not store big money for your investment site or wallet do not used 2FA it will makes complicated if you are using more divices but this is very useful for now to avoid hacker because using this kind of security you will be complacent that you money will be safe. That is why most of my wallet has 2FA authentication because my wallet is like my trusted bank ill save money as my investment.

[feya]

Is it better to have 2FA authentication code in your bitcoin site? Ex: Faucets, investments, and wallets?
What is the advantages and disadvantages of having 2FA code in your account? Thanks!

Using 2FA authentication it will make your wallets much safer, for me if you do not store big money for your investment site or wallet do not used 2FA it will makes complicated if you are using more divices but this is very useful for now to avoid hacker because using this kind of security you will be complacent that you money will be safe. That is why most of my wallet has 2FA authentication because my wallet is like my trusted bank ill save money as my investment.

Thanks for the extended comment. I also use two-factor authentication, but in nuances I do not understand a lot.

[Haslett5236]

2FA can protect all your account and it's very safe if your password were stolen
so i can say yes , always use 2FA when your account have money in it .

[Fatunad]

Is it better to have 2FA authentication code in your bitcoin site? Ex: Faucets, investments, and wallets?
What is the advantages and disadvantages of having 2FA code in your account? Thanks!

Using 2FA authentication it will make your wallets much safer, for me if you do not store big money for your investment site or wallet do not used 2FA it will makes complicated if you are using more divices but this is very useful for now to avoid hacker because using this kind of security you will be complacent that you money will be safe. That is why most of my wallet has 2FA authentication because my wallet is like my trusted bank ill save money as my investment.

Thanks for the extended comment. I also use two-factor authentication, but in nuances I do not understand a lot.

What thing you dont understand regarding on 2fa? It is just like an added security layer into your account for more safety against hackers and people who do try to logged in your account. I would always suggest to put up 2fa anytime specially if we do have large amounts of money on a certain site.To tell you honestly this stuff did able to save me how many times because lots of unidentified log-in attempts do happen into my accounts.Lets say 15-20x on all of my accounts which do have money,i dont know how they did able to get some credentials in able to logged in but this 2fa did able to save me up.

[Oo ako to]

All of my accounts in trading sites have 2fa authentication factor because I don't want any hackers to find an opening to rob all my altcoins. It's very important also that is is activated in your online wallets but I don't think hackers will waste their time on faucet accounts because they know it's only a couple of dust balance.

[Wicked17]

Is it better to have 2FA authentication code in your bitcoin site? Ex: Faucets, investments, and wallets?
What is the advantages and disadvantages of having 2FA code in your account? Thanks!

Advantage of having a 2fa authentication is hackers cant easily access your account without the device authenticator that you are using. More security for your account. The disadvantage is when you lose your device you will lose also your account. There is no way that you can access again your account.

[Alpha0One1]

Always enable 2FA for your accounts in exchanges or whenever possible as it adds another layer of security for your account.
Back the alphanumeric code or capture the QR code, store it in an encrypted file. that way, if you lose your phone or change phone, you can easily recover 2FA.

Treat that backup as you would treat your private keys.

[Bitcoinsummoner]

Is it better to have 2FA authentication code in your bitcoin site? Ex: Faucets, investments, and wallets?
What is the advantages and disadvantages of having 2FA code in your account? Thanks!

Advantage of having a 2fa authentication is hackers cant easily access your account without the device authenticator that you are using. More security for your account. The disadvantage is when you lose your device you will lose also your account. There is no way that you can access again your account.

Always make backup just request backup in your  authenticator or 2fa software like what i do  i just backup it in my harddrive and my online drive which is free from google but i packed them into  rar file with password..
So if ever my device was stole by thieves or gone i can be still use the backup to open my accounts in the future purposes..

[IAMYOURLEADER]

Yes, because it our best weapon against hackers and I always encounter people complaining that their coins got stole and blaming the exchange sites for everything but when they are asked if they activated 2fa, they all said it is not.

[RedX]

Is it better to have 2FA authentication code in your bitcoin site? Ex: Faucets, investments, and wallets?
What is the advantages and disadvantages of having 2FA code in your account? Thanks!

Leave your faucets pal. Even a hacker will not make an effort to steal your 10k sats. Hackers want it bigtime so it's better to activate it on online wallets or on any investments that you have.

[BillCoin]

If you are holding a fair amount of bitcoins on a site, you better set up 2fa authentication.

It is a very good resistance against fraud, think about it like that, most of the people has a trojan horse/keylogger on their computer without even knowing, so at a case you don't have any 2fa protection, at the moment you type your password with your private computer, the attacker has all the details he need to hijack your account and steal your money.

If you have 2fa authenticate, the hacker will also need a physical access to your phone, which makes it almost impossible for him to steal your hard worked money.

[npredtorch]

Is it better to have 2FA authentication code in your bitcoin site? Ex: Faucets, investments, and wallets?
What is the advantages and disadvantages of having 2FA code in your account? Thanks!

Leave your faucets pal. Even a hacker will not make an effort to steal your 10k sats. Hackers want it bigtime so it's better to activate it on online wallets or on any investments that you have.

Agreed. Personally, I would have just let the hacker to get this "10k sats" than to experience using 2fa on faucets in every days basis. It's too naive to consume much time and effort on verifying your log ins (and what more if you're into hundreds of faucets lol). Anyway, it's rare to see faucets site that actually offer a 2fa. OP shouldn't have listed it.

[Don Pedro Dinero]

Is it better to have 2FA authentication code in your bitcoin site? Ex: Faucets, investments, and wallets?
What is the advantages and disadvantages of having 2FA code in your account? Thanks!

Leave your faucets pal. Even a hacker will not make an effort to steal your 10k sats. Hackers want it bigtime so it's better to activate it on online wallets or on any investments that you have.

Agreed. Personally, I would have just let the hacker to get this "10k sats" than to experience using 2fa on faucets in every days basis. It's too naive to consume much time and effort on verifying your log ins (and what more if you're into hundreds of faucets lol). Anyway, it's rare to see faucets site that actually offer a 2fa. OP shouldn't have listed it.

I have 2FA enabled at freebitco.in and I never use it to log in. It only requires your 2FA code to withdraw funds and change settings, so I don’t have to waste time and effort while logging in and have more security in the site. I have many more satoshis than 10k, by the way, otherwise I wouldn’t have it enabled.

Actually, I’ve got 2FA enabled in 4 sites and only two of them offer that feature: not having to put the code to log in, so you are able to see your balance and how your investments are going, but requiring it for everything else.

I think all sites using 2FA should implement it.

[felipe04]

Your account is more sucured if you do activate 2FA because you can only access the code in your phone.The disadvantage is if your phone will be gone because you need to contact the developer of the site where you do a 2FA and you need a lot of confirmation to clarify that is your account,i experience that in our own wallet

[jamids]

Your account is more sucured if you do activate 2FA because you can only access the code in your phone.The disadvantage is if your phone will be gone because you need to contact the developer of the site where you do a 2FA and you need a lot of confirmation to clarify that is your account,i experience that in our own wallet

In my experience, every time I have 2FA activated in Google Authenticator, a secret key is given so it will not be a problem even if the phone is lost because I can always restore it in other device as long as I have those key. I tried to install my Google Authenticator in another device and see if it really works and use the secret key and it works. I am worried also before about my phone being lost but this would be the solution. I always activate 2FA in my accounts to have added security on it.

[lablab03]

Is it better to have 2FA authentication code in your bitcoin site? Ex: Faucets, investments, and wallets?
What is the advantages and disadvantages of having 2FA code in your account? Thanks!

yes of course but ithink some of the faucet has no 2FA authentication .and invesment also.  Only one i know is wallet.  Cause wallet is the most important to have a 2FA authentication to avoid hacker . And according to my experience on Wallet with two factor authentication there are no disadvantage on it indeed its a big help for me to secure my funds. 

[Factmine]

2FA is one of the best tools to prevent hackers to even get through to your account. It improves the security of your account by ten folds (probably more)! However, you still have to use a strong password in conjunction with it. Being secure online is the best gift you can give yourself nowadays.

[doedz]

I use it to keep or improve the security of every important account, such as wallet, email and exchange.
I feel safe and protected.

[Terry05]

It is a must whenever there are confidential informations and digital money being stored on the website. It is very important to have 2FA authentication to fully protect the clients information or data and also to increase the security to prevent possible hacking.

[PX-Z]

Is it better to have 2FA authentication code in your bitcoin site? Ex: Faucets, investments, and wallets?
What is the advantages and disadvantages of having 2FA code in your account? Thanks!

That's very useful when you use 2Fa authentucation for your wallet, even any faucet site or investment, and also in trading. Because when you activate 2FA your account is secure and safe. The advantage of having a 2fa authentication, didnt easily access your account from the hacker.

[maarx]

Is it better to have 2FA authentication code in your bitcoin site? Ex: Faucets, investments, and wallets?
What is the advantages and disadvantages of having 2FA code in your account? Thanks!

2FA authentication is much recommended to be set for all the wallets you have. The advantage is the wallet is so secured. Its not hacked up easily. I have not yet experienced any disadvantage of enabling 2FA authendication.

[jeniferqueen0409]

Is it better to have 2FA authentication code in your bitcoin site? Ex: Faucets, investments, and wallets?
What is the advantages and disadvantages of having 2FA code in your account? Thanks!

2FA authentication is much recommended to be set for all the wallets you have. The advantage is the wallet is so secured. Its not hacked up easily. I have not yet experienced any disadvantage of enabling 2FA authendication.

I also use 2FA for all my wallets and all exchange sites where i'm trading. It's very convenient and safe. Just one quick operation with your smartphone, it have not any disadvantages of having 2FA code in your account.

[bitjoin]

Is it better to have 2FA authentication code in your bitcoin site? Ex: Faucets, investments, and wallets?
What is the advantages and disadvantages of having 2FA code in your account? Thanks!

Leave your faucets pal. Even a hacker will not make an effort to steal your 10k sats. Hackers want it bigtime so it's better to activate it on online wallets or on any investments that you have.

Its true the better hackers will target the big hodlers. I do still have dice sites on 2fa though and only have play money amounts on these.  The option is there so i use it.

[cl37007]

2FA make it very hard for hackers to get into your account and prevents brute force attacks. I'd recommend Google authenticator over email or SMS as SMS is not secure an email can be hacked. Your authenticator unique to your device. I take a screenshot of the QR codes and print them out in case I lose my device

[BigTeeths]

2fa is the most important security feature that anyone should activate. It's the best feature that make me feel assured that my altcoin is very safe. It is commonly used by trader just like me.

[aoihs00]

Believe me this thing has to be there because as it just adds up lot of security. I have read articles about the 2FA which states that it is almost impossible to crack any layer of the 2FA security pass and it could take years and years to do that if smart hacker wanted to do that. Loosing phone isn’t big problem because you can always retrieve things from eh google itself. They can bring the thing up again if you ahem properly went through the security protocol of the google. So one way around you always have an option. Youc an always get the secret eye from the main site so that you want loose a bit of the security instantly. Always remember to keep the back up of these codes. Google authenticator will also allow you to store 100 keys preloaded and you can print them out and store them so that you can still use them later on.