Why isn't there Two Factor Authentication on Wallets?

[nemesisDF]

So long story short, I'm a super noob, but recently started mining and think there's a lot of potential in holding some of these alt coins for the long term.

Was just curious though, why isn't there two-factor authentication on any wallets? I get that there's passphrases and wallet encryption, but I haven't seen a wallet or platform that provided 2 factor with either Google or Authy.

Is that even possible?

/Hugs
Nem

[1714864628]

1714864628

[1714864628]

1714864628

[CryptoSporidium]

So long story short, I'm a super noob, but recently started mining and think there's a lot of potential in holding some of these alt coins for the long term.

Was just curious though, why isn't there two-factor authentication on any wallets? I get that there's passphrases and wallet encryption, but I haven't seen a wallet or platform that provided 2 factor with either Google or Authy.

Is that even possible?

/Hugs
Nem

vTorrent has 2fa

[n691309]

So long story short, I'm a super noob, but recently started mining and think there's a lot of potential in holding some of these alt coins for the long term.

Was just curious though, why isn't there two-factor authentication on any wallets? I get that there's passphrases and wallet encryption, but I haven't seen a wallet or platform that provided 2 factor with either Google or Authy.

Is that even possible?

/Hugs
Nem

Don't put all coins in the same basked, ICONOMI uses 2FA too, but It isn't a fully functional wallet as you can not receive coins. Maybe the developers of coins are lazy to implement 2FA which I consider the most important part of the security on the client side.

[nemesisDF]

So long story short, I'm a super noob, but recently started mining and think there's a lot of potential in holding some of these alt coins for the long term.

Was just curious though, why isn't there two-factor authentication on any wallets? I get that there's passphrases and wallet encryption, but I haven't seen a wallet or platform that provided 2 factor with either Google or Authy.

Is that even possible?

/Hugs
Nem

vTorrent has 2fa

Thanks so much, that's really good to know!

[Sourgummies]

So long story short, I'm a super noob, but recently started mining and think there's a lot of potential in holding some of these alt coins for the long term.

Was just curious though, why isn't there two-factor authentication on any wallets? I get that there's passphrases and wallet encryption, but I haven't seen a wallet or platform that provided 2 factor with either Google or Authy.

Is that even possible?

/Hugs
Nem

vTorrent has 2fa

vtr has it but its closed source. Have fun downloading closed source shit in the crypto world.

[the artful bodger]

Some altcoins like litecoin have electrum wallets that provide optional 2FA.

[BitcoinNewsMagazine]

Use a hardware wallet like Trezor or Ledger Nano S and you can also use the hardware wallet for U2F login to sites that support it.

[bathrobehero]

2FA is closed source and and even if it was open source well then it wouldn't work at all for standalone wallets. It doesn't work in a decentralized manner.

[kiklo]

So long story short, I'm a super noob, but recently started mining and think there's a lot of potential in holding some of these alt coins for the long term.

Was just curious though, why isn't there two-factor authentication on any wallets? I get that there's passphrases and wallet encryption, but I haven't seen a wallet or platform that provided 2 factor with either Google or Authy.

Is that even possible?

/Hugs
Nem

Installing 2FA on a personal local wallet is not bright.
Most people's phone number are public info or at least very easy to find.

It gives Google or your Phone provider the ability to block your ability to transfer your coins out of your own wallet.
Bad idea, if you feel this is needed just use a bank instead because you are giving control of your money to a corporation. 


 

[nemesisDF]

So long story short, I'm a super noob, but recently started mining and think there's a lot of potential in holding some of these alt coins for the long term.

Was just curious though, why isn't there two-factor authentication on any wallets? I get that there's passphrases and wallet encryption, but I haven't seen a wallet or platform that provided 2 factor with either Google or Authy.

Is that even possible?

/Hugs
Nem

Installing 2FA on a personal local wallet is not bright.
Most people's phone number are public info or at least very easy to find.

It gives Google or your Phone provider the ability to block your ability to transfer your coins out of your own wallet.
Bad idea, if you feel this is needed just use a bank instead because you are giving control of your money to a corporation. 


 

Gotcha, that makes sense. Thanks for the info.

[nemesisDF]

2FA is closed source and and even if it was open source well then it wouldn't work at all for standalone wallets. It doesn't work in a decentralized manner.

Didn't know it was closed source, that makes sense. Thanks for the info bath!

[memequiserle]

only few altcoin wallet in support two factor authentication
majority altcoin wallet not support

but is big and popular coin i think can support 2FA

[NorrisK]

So long story short, I'm a super noob, but recently started mining and think there's a lot of potential in holding some of these alt coins for the long term.

Was just curious though, why isn't there two-factor authentication on any wallets? I get that there's passphrases and wallet encryption, but I haven't seen a wallet or platform that provided 2 factor with either Google or Authy.

Is that even possible?

/Hugs
Nem

Installing 2FA on a personal local wallet is not bright.
Most people's phone number are public info or at least very easy to find.

It gives Google or your Phone provider the ability to block your ability to transfer your coins out of your own wallet.
Bad idea, if you feel this is needed just use a bank instead because you are giving control of your money to a corporation. 


 

Gotcha, that makes sense. Thanks for the info.

Google should not have anything to see about your transactions as they do not influence the code generation in the authenticator app at all.

It is fixed when you set it up and then rotates through a list of numbers. This list is the same as when you use similar 2fa apps from different companies and once you set it up it will keep working.

[Spoetnik]

Interesting.. i don't know.. licensing ?

I did think of the Steam platform from Valve inc. though (they use it)

[DingDong87]

there's a lot of potential in holding some of these alt coins for the long term.

The whales feel the force is strong within you, the bagholding force I do feel there should be 2fa on even shitcoin wallets....

[Spoetnik]

there's a lot of potential in holding some of these alt coins for the long term.

The whales feel the force is strong within you, the bagholding force I do feel there should be 2fa on even shitcoin wallets....

Or better yet RPC ports closed by default.
Many a coin over the years has been hacked..
Wallet gets released by dev.. dev claims innocent "error"
Then RPC code is left enabled and on with default password created by dev.
Then..
Mysterious "hacker" simply harvests all the IP's from the block-chain connections.
Then he simply tries connecting to each wallet with the default name / pass.
Bingo.. million stolen.. and dumped.
Dev claims whooopsy i made a boo boo and puts an update out.
Hacker is long gone and never found.

Seen it happen and it's an old "error"

Same with the old POS error.
Launch coin with no ANN etc hand out wallet / miners to friends then "don't notice"
..until long after you harvested super high *accidental* high stake rewards.
THEN.. release an update closing the "bug" so others can not partake in the greedy antics.
I call it the "CENT/Pennies" bug by mass coin cloner Shakezulu.

Yup the guy who made cloning guides around the scene "for fun & profit"
And the guy who put a virus / keylogger / trojan on his official wallet hosted on his own official coin site.
Yup same guy who made the coin CAPS for Mullick..

who was in charge of the wallets at Cryptsy when they got "Hacked"

And you guys wonder why i post FUD ? Really ?
Trust me you have no fuckin' clue how corrupt this shit is you little noobs here.
All those scammy cock-suckers are STILL here shootin' their mouth off and making "coins"

I recall when the guy Magnet who posted "Bitcoin Scrypt" here yet had nothing to do with the launch etc (he said)
(Which had no other ANN here like StartCoin)
Was infected by a wallet posted in a new coin ANN topic here.
He ran back here and told us all he and others had been hit with.. a keylogger / trojan
all his other wallets were cleared out and emptied.

Never mind the FUD your "legit" coins are needing some shill work profiteers..
get on it those bags are heavy !

Guys in jail for all the millions and millions in coins stolen ?

0.

[spartak_t]

2FA on vTorrent was developed by VTR and FAILCoin developers. I can guarantee it is safe, because both are good guys. You can tell by VTR dev actions (no promises, hype etc.) and I'm working with FAIL dev for over 2 years now.

P.S. I once had like 320k VTR, but was forced to sell them too early.

[Munti]

BitBay uses two keys in it 's client
To add even more to security you can use the joint account feature. Then you could set it up so you have to sign a transaction from two seperate computers

[Karpeles]

because you would have to use a 3rd part service, I don't know how easy is to implement this and if you would have to pay a fee or something, so most wallets just don't use it to keep things simpler

[Carmen_Sandiego]

I've seen some wallets that bring this possibility, but I think it's not easy for most cryptos... there are certainly technical obstacles, and this also brings additional costs to the developers. In addition, the wallets with two-factor authentication that I've used so far required a fee to enable this option.