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Author Topic: What secure wallets needs 2fa before sending  (Read 2074 times)
OROBTC
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August 20, 2016, 01:52:08 AM
 #21

...

blockchain.info's wallet also offers a "Second Password" option, which asks you to provide that second P/W before sending out any BTC.  I have used that, and it works just fine.

Both the Trezor and Ledger Nano (I own one of each) also use rudimentary (= good enough for me) 2FA both to get access as well as to send BTC out.  And I have used those as well, they both work just fine.
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August 20, 2016, 01:55:20 AM
 #22

...

blockchain.info's wallet also offers a "Second Password" option, which asks you to provide that second P/W before sending out any BTC.  I have used that, and it works just fine.

Both the Trezor and Ledger Nano (I own one of each) also use rudimentary (= good enough for me) 2FA both to get access as well as to send BTC out.  And I have used those as well, they both work just fine.
Thanks for the trezor tips. Does trezor use sms 2fa?
If no, what 2fa does it use
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August 20, 2016, 02:02:37 AM
 #23

...

blockchain.info's wallet also offers a "Second Password" option, which asks you to provide that second P/W before sending out any BTC.  I have used that, and it works just fine.

Both the Trezor and Ledger Nano (I own one of each) also use rudimentary (= good enough for me) 2FA both to get access as well as to send BTC out.  And I have used those as well, they both work just fine.
Thanks for the trezor tips. Does trezor use sms 2fa?
If no, what 2fa does it use


Trezor uses its own rudimentary 2FA.  When you plug it into your USB, you must put in your 4-digit passnumber (using a clever little method to beat a keystroke logger).  And when you want to send out BTC, the device itself (via a display) asks you to verify what you are doing.

So, in some ways it is not as secure as "typical 2FA" (like SMS messaging or Google Authenticator), but if your adversary does not have the device, there seems to be little way that the BTC "within" can be spent.

So, "rudimentary" (2FA) seems to be the right word to use.  "Good enough" for most users.
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August 20, 2016, 07:18:29 AM
 #24

Most online/web based wallets support 2-Factor-authentication via SMS or using the google authenticator application. I would suggest you to use greenwallet's web app or blockchain.info's web application. Both of these support mobile 2FA.

I have also used 2FA On a desktop wallet application called - Electrum. They make use of a third party service called Trustedcoin which makes use of a multi-sig system. You can read more on the 2fa documentation page of electrum.
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August 20, 2016, 07:21:25 AM
 #25

I will like to know  secured online wallets that require 2fa before sending btc.

i would recomended xapo wallet.
I will not recommend xapo wallet.Yes 2fa is available in the xapo but i have heard many news here on this forum and outside as well that xapo has closed users account with bitcoin locked in that.Specially if your bitcoins coming from gambling sites.
I would recommend blockchain.info wallet which is very secure with 2fa enabled in it also.
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August 20, 2016, 01:21:10 PM
 #26

I will like to know  secured online wallets that require 2fa before sending btc.

Coinbase offers this kind of feature, you can specify in which situations you require 2FA.
For example:
Code:
Require verification code to send:

Any amount of bitcoin or ethereum — Most secure
Over 1.2000 BTC (64.3087 ETH) per day
Never — Least secure
Thanks but  coinbase bans your  account if used for gambling. Do you know any  other wallet with this  feature

If they ban your accounts do you have still access to you bitcoins or you should forget about the bitcoins there?
I haven't seen any other wallet which has the 2FA implemented when sending bitcoin.
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August 20, 2016, 01:28:38 PM
 #27

I will like to know  secured online wallets that require 2fa before sending btc.

Coinbase offers this kind of feature, you can specify in which situations you require 2FA.
For example:
Code:
Require verification code to send:

Any amount of bitcoin or ethereum — Most secure
Over 1.2000 BTC (64.3087 ETH) per day
Never — Least secure
Thanks but  coinbase bans your  account if used for gambling. Do you know any  other wallet with this  feature

If they ban your accounts do you have still access to you bitcoins or you should forget about the bitcoins there?
I haven't seen any other wallet which has the 2FA implemented when sending bitcoin.
i guess the acount will be locked and so does with the balance inside of the account,the only way is to contacti coinbase's support to get your funds back,that's why using coinbase is such a bad thing,even the bitcoin is your own,you can't have full control

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August 20, 2016, 01:59:04 PM
 #28

Almost all if not all of the online wallets offer such opportunity because they had to suffer the most number of hacks and steals of users bitcoin before taking such measures. Nowadays these wallets have done a lot toward security yet they still remain online wallets and they have high risk when you put your coin there. Some hacker can hack their database and be rich with all of the bitcoin addresses and private keys there. Even blockchain says that it decrypt your wallet in your browser through node.js the node.js is not the safe as I know that is related to Java which has a lot of vulnerabilities.
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August 20, 2016, 02:31:37 PM
 #29

Blockchain.info requires SMS verification before logging in, that is some sort of 2FA.

They need to extend it to the sending of Bitcoins too, but if the 2FA was bypassed or compromised at login, no form of 2FA will help, when transactions are being send. You might link that to another mobile phone to strengthen the 2FA, if you want double protection.

In some countries SiM swap & duplication is quite common, so this is not 100% bulletproof.

I do not see how most of us would be needing such security measures. I see that most of the people in this thread are signature campaigners and newbies with less than one BTC in their wallets. No hacker will waste time and effort on our wallets. Cheesy

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August 20, 2016, 02:39:28 PM
 #30

Blockchain.info offers this option "when logging in" also coinbase, circle etc... almost every browser-based wallet offers such functionality, Not sure about PC based but I doubt they offer this.
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August 20, 2016, 03:05:18 PM
 #31

I will like to know  secured online wallets that require 2fa before sending btc.
2fa usualy be used before login to online wallets, Blockchain and blocktrail are using it too. And there are codes who must be filled before sending bitcoin ( you can set it) and does not 2fa.

I never used 2FA authentication on blockchain ever. because I feel it is not important. actually I don't use blockchain as my primary wallet, but now I feel I should setup 2FA on blockchain to secure my account..
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August 20, 2016, 03:26:14 PM
 #32

I will like to know  secured online wallets that require 2fa before sending btc.
2fa usualy be used before login to online wallets, Blockchain and blocktrail are using it too. And there are codes who must be filled before sending bitcoin ( you can set it) and does not 2fa.

I never used 2FA authentication on blockchain ever. because I feel it is not important. actually I don't use blockchain as my primary wallet, but now I feel I should setup 2FA on blockchain to secure my account..


Its a real good choice that your primary wallet is not blockchain and this should be the way to be for as long as you will use bitcoin. Adding 2FA helps a lot in securing your account but it can do nothing if the website of wallet of blockchain goes offline than your bitcoins are gone except the case where you have saved your private keys somewhere and can import them in other wallets. Better stick to desktop or hardware wallets.
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August 20, 2016, 07:53:46 PM
 #33

I think that nearly all the main online wallets require 2fa or at least provide it if required.
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August 20, 2016, 08:10:37 PM
 #34

I will like to know  secured online wallets that require 2fa before sending btc.

The Ledger Nano S has the FIDO for stronger authentication as can be seen in the pic below



It has also the PIN to protect logging in from any malware or any other software but with the Nano S you should use buttons.

This means that even if your computer is infected you still are safe using this wallet (which is for bitcoin and ethereum too)
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August 20, 2016, 11:10:59 PM
 #35

I will like to know  secured online wallets that require 2fa before sending btc.
Well 2fa is mobile verification require for login to an account.I hear 2fa can be bypass.So my suggestion if you have large amount of BTC you can use deep cold storage.For small amount you can use blockchain.info with 2fa for small amount.thanks Smiley
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August 21, 2016, 12:01:29 AM
 #36

Yeah in general it is extremely secure. But if your wallet is ever stricken with such safeguards, then the hacker will be wasted. Because surely they already get the secret code of your wallet and they move the code into another purse and I think they will start taking all BTC you when your wallet filled with many of the bitcoin. So if you want to do security, make sure the account you never get hacker attacks
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August 21, 2016, 12:20:25 AM
 #37

I will like to know  secured online wallets that require 2fa before sending btc.

The Ledger Nano S has the FIDO for stronger authentication as can be seen in the pic below



It has also the PIN to protect logging in from any malware or any other software but with the Nano S you should use buttons.

This means that even if your computer is infected you still are safe using this wallet (which is for bitcoin and ethereum too)

How is data stored though? It's good until somethig bad happens!
If it uses flash technology then it's likely to fail in an unreasonably small amount of time (If using every day, you're lucky to get a year out of it).

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August 21, 2016, 06:33:35 AM
 #38

Please guys read before replying.  I said 2fa before sending
Functions 2FA security working before you login so when you have passed that stage you can directly to send bitcoin without need 2FA code.
Yeah. As far as I know, 2FA is always required before logging in. I've never seen a wallet requires 2FA before sending bitcoin, but probably I just don't know about it yet.

Just wait if anybody knows a wallet you want.

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August 22, 2016, 06:05:09 PM
 #39

I will like to know  secured online wallets that require 2fa before sending btc.

The Ledger Nano S has the FIDO for stronger authentication as can be seen in the pic below



It has also the PIN to protect logging in from any malware or any other software but with the Nano S you should use buttons.

This means that even if your computer is infected you still are safe using this wallet (which is for bitcoin and ethereum too)

How is data stored though? It's good until somethig bad happens!
If it uses flash technology then it's likely to fail in an unreasonably small amount of time (If using every day, you're lucky to get a year out of it).

Even if ledger nano S stores the data using the flash technology it is not bad at all as you say.

Searching in google it says that the flash drives can last up to 10 years if you not power up in pc.

You can check/search here how safe is the ledger nano S or even ask here https://bitcointalk.org/index.php?topic=899253.0
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August 23, 2016, 10:34:37 AM
 #40

Few require it to send but most online browser wallets adds it as an option when logging in. Blockchain.info and most online wallets do so but not sure why a computer based wallet like electrum hasn't added it yet.
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