Watch only wallet for 2FA wallet

[oleksiis]

Is that correct, that 2FA wallet is similar to 3-party-signature wallet, so watch-only wallet can be created via importing three master public keys when creating/restoring new wallet to create watch only wallet for two-factor auth wallet?

BTW, how much reliable is the trustcoin 2FA service?
Thanks.

[1715406221]

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[1715406221]

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[1715406221]

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[1715406221]

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[1715406221]

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[BitcoinNewsMagazine]

Better not to use any more third parties than necessary. You are already giving up some privacy using Electrum servers. Just use a password you never share online. You can do cold storage with Electrum using two computers, but it is easier to use a Nano S to manage your private keys.

[Coin-Keeper]

+1 on the idea of taking responsibility for keeping your own coins.  Its so much safer to keep coins on a wallet you control.  2FA is better than nothing if you insist on using an online service, but the risks of keeping coins online is ripe with "bad turns" as a possibility.  There are too many threads in the forum discussing the perils of such a practice.  For small amounts and for a quick turn around transaction maybe its OK.  e.g. I am a LBC user/client provider and I move coins through in a hurry, but they don't sit there longer than necessary.

[kolloh]

2FA utilizes a 2 of 3 multi sig address where you control 2 of the addresses and TrustedCoin controls the 3rd. This prevents TrustedCoin from having the ability to spend coins without your approval or hold them hostage as you have a backup private key that could be used. Therefore, there really isn't too much trust that is needed.

[Abdussamad]

Is that correct, that 2FA wallet is similar to 3-party-signature wallet, so watch-only wallet can be created via importing three master public keys when creating/restoring new wallet to create watch only wallet for two-factor auth wallet?

Yes. You can find the 3 mpk via wallet menu > master public keys. When creating the watch-only wallet make sure you select 3 co-singers and 2 signatures required.