legendscale (OP)
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June 15, 2017, 10:27:08 AM |
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I just found out bitcoin and I chose to use online wallet but there is a fear feel that makes me often check did my bitcoin is still safe. I have read some articles there saying for me to use 2fa as additional security. is that true?
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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vh
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June 15, 2017, 02:39:39 PM |
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It's added security, yes. How much safer it is depends on how the second factor is implemented. Where I live, when you buy gas with a credit card, in addition to the physical card the machine asks for the owner's zip code (2fa). Do I feel more secure  . |
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Blackout1321
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June 15, 2017, 02:45:48 PM |
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I just found out bitcoin and I chose to use online wallet but there is a fear feel that makes me often check did my bitcoin is still safe. I have read some articles there saying for me to use 2fa as additional security. is that true?
It's definitely worth adding to any account. Better have more security than less. Also invest in an hardwallet (Ledger Nano S) if you start trading with lots of coins and high value $$$s. |
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worldmobilecoin
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World Mobile Coin
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June 15, 2017, 03:03:17 PM |
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I just found out bitcoin and I chose to use online wallet but there is a fear feel that makes me often check did my bitcoin is still safe. I have read some articles there saying for me to use 2fa as additional security. is that true?
More additional security more secure i think. That was the purpose they added the function. |
WMCC: wc1qcl3qeqkjamt8m7ass0weu9ep6s8se722y553jm
BTC: 1N1ZM9xCzHtn8mD4a4JYUm7bC5T54CBDmD
ETH: 0x6145e253196C7a7CEDDA1797B69E2ba67Fe3219b
BCH: 18CW3B95oTtW5MYG7GAs8isABA4TeNntWA
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mk4
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Paldo.io 🤖
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June 15, 2017, 03:26:42 PM |
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I just found out bitcoin and I chose to use online wallet but there is a fear feel that makes me often check did my bitcoin is still safe. I have read some articles there saying for me to use 2fa as additional security. is that true?
Hah. It's normal that you feel a bit paranoid since we are talking about money here. 2 Factor Authentication does help your bitcoin wallet become safe. But take note that it doesn't mean that it makes it invulnerable from thieves. But hey, an extra layer of security is definitely a big help. What wallet are you using if you dont mind us asking? P.S. Good for you for trying out Bitcoin! |
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Nicol3
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June 15, 2017, 04:16:35 PM |
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Yes it is an added security, I placed a 2fa on my online wallet after I bought bitcoin a couple days ago.
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yatogami
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bvo.trybravo.com
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June 15, 2017, 04:45:28 PM |
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I just found out bitcoin and I chose to use online wallet but there is a fear feel that makes me often check did my bitcoin is still safe. I have read some articles there saying for me to use 2fa as additional security. is that true?
yes is that by adding 2FA security in your wallet account so that make a double security other your password, 2FA is a additional security for make your account more safe. |
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Velkro
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June 15, 2017, 11:35:27 PM |
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I just found out bitcoin and I chose to use online wallet but there is a fear feel that makes me often check did my bitcoin is still safe. I have read some articles there saying for me to use 2fa as additional security. is that true?
Always use additional security if available, in this example 2fa. It is not perfect security, but its additional security so why not. |
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Blake_Last
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June 16, 2017, 12:16:33 PM |
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It can help, but of course, it does not give you a guarantee that your online wallet will not be hacked. There are hackers nowadays who can use a backdoor to hack into account even if it is protected by 2FA.
So just a reminder, in addition to activating your 2FA, be sure to make your password harder to guess. Use a combination of alphanumeric characters. And lastly, do not click any links that you are not sure is safe or secure.
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iluvpie60
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June 16, 2017, 03:27:31 PM |
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I just found out bitcoin and I chose to use online wallet but there is a fear feel that makes me often check did my bitcoin is still safe. I have read some articles there saying for me to use 2fa as additional security. is that true?
This depends on what service you are using and what you mean by safe. If you are using a service that allows you to connect your email account that is 2facator, but it is not as safe as having the 2 factor on your phone. If your email is hacked and your account is hacked they can withdraw your bitcoin. If you have 2fa on your phone it is harder to hack you, because they have to steal your phone from you physically and also know your password to get into your phone. Use a service that ties it to your phone for better security. |
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btcdevil
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June 16, 2017, 04:22:14 PM |
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Online wallet are not recommended for storing bitcoins because even if you enable all security features if the site itself scam and run away then where will you go and claim your bitcoins. So it is much better to use hardware or software wallet like Electrum desktop wallet which is easy to use and you are in control of your wallet address.
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Nagadota
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June 16, 2017, 10:25:30 PM |
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I just found out bitcoin and I chose to use online wallet but there is a fear feel that makes me often check did my bitcoin is still safe. I have read some articles there saying for me to use 2fa as additional security. is that true?
2fa will only confirm that it's you trying to access your account with the service. It doesn't make you 100% sure that the online wallet itself couldn't take your coins like BIT.AC seemingly did, for example. So it's good for preventing "hackers" through keyloggers and other things to access your online account, but it doesn't keep your coins safe, nor is holding your coins in an online wallet ever going to be particularly safe. In the case of online wallets that are unlikely to fail with your coins e.g. Green Address, 2fa is a good idea. |
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Blackout1321
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June 16, 2017, 11:55:43 PM |
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I just found out bitcoin and I chose to use online wallet but there is a fear feel that makes me often check did my bitcoin is still safe. I have read some articles there saying for me to use 2fa as additional security. is that true?
2fa will only confirm that it's you trying to access your account with the service. It doesn't make you 100% sure that the online wallet itself couldn't take your coins like BIT.AC seemingly did, for example. So it's good for preventing "hackers" through keyloggers and other things to access your online account, but it doesn't keep your coins safe, nor is holding your coins in an online wallet ever going to be particularly safe. In the case of online wallets that are unlikely to fail with your coins e.g. Green Address, 2fa is a good idea. Like I said, invest in a hard wallet (ledger nano s) and use your 2fa codes on your phone. That's the safest bet when it comes to safety. |
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legendscale (OP)
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June 17, 2017, 10:43:37 AM |
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I just found out bitcoin and I chose to use online wallet but there is a fear feel that makes me often check did my bitcoin is still safe. I have read some articles there saying for me to use 2fa as additional security. is that true?
Hah. It's normal that you feel a bit paranoid since we are talking about money here. 2 Factor Authentication does help your bitcoin wallet become safe. But take note that it doesn't mean that it makes it invulnerable from thieves. But hey, an extra layer of security is definitely a big help. What wallet are you using if you dont mind us asking? P.S. Good for you for trying out Bitcoin! If there is still a possibility to be hacked why online wallet advise me to add 2fa? |
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Blackout1321
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June 17, 2017, 01:22:05 PM |
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I just found out bitcoin and I chose to use online wallet but there is a fear feel that makes me often check did my bitcoin is still safe. I have read some articles there saying for me to use 2fa as additional security. is that true?
Hah. It's normal that you feel a bit paranoid since we are talking about money here. 2 Factor Authentication does help your bitcoin wallet become safe. But take note that it doesn't mean that it makes it invulnerable from thieves. But hey, an extra layer of security is definitely a big help. What wallet are you using if you dont mind us asking? P.S. Good for you for trying out Bitcoin! If there is still a possibility to be hacked why online wallet advise me to add 2fa? Because it makes the hacking harder. Specially if you keep the 2fa code on your phone. Nothing is perfect, but why not have the extra added layer of security? Best thing to do is invest in a hard wallet for security. |
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chybinspirace
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June 17, 2017, 03:31:36 PM |
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I definitely recommend using 2FA. I use like all available levels of protection to protect my coins which are in the end my money. For my better sleep.
"Funny story" about 2FA. It isnt about wallet but I think it was in finex. My friend sold his macbook where he was trading coins and he forget to erase whole mac, so after like 2 weeks he was emailed by finex, someone trying to log at his account. Well, 2FA saved him.
But as was mentioned if you bought a lot of BTCs use hard wallet.
And welcome in Crypto community!
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magneto
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June 17, 2017, 10:56:45 PM |
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I just found out bitcoin and I chose to use online wallet but there is a fear feel that makes me often check did my bitcoin is still safe. I have read some articles there saying for me to use 2fa as additional security. is that true?
Hah. It's normal that you feel a bit paranoid since we are talking about money here. 2 Factor Authentication does help your bitcoin wallet become safe. But take note that it doesn't mean that it makes it invulnerable from thieves. But hey, an extra layer of security is definitely a big help. What wallet are you using if you dont mind us asking? P.S. Good for you for trying out Bitcoin! If there is still a possibility to be hacked why online wallet advise me to add 2fa? Yes, of course. Even with 2FA, there is a possibility of you getting hacked. Anything is possible. Your mobile phone might be compromised alongside with your login details, email address, and your PC. These things rarely happen but do happen. It's like collisions on the bitcoin network with private keys can be found but are extremely rare, so rare that it's better to solo mine than try to find private keys that contain balance in them. By enabling 2fa you are essentially reducing the risk of you getting hacked. Not eliminating it, but reducing it. It's like insurance. |
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Nagadota
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June 18, 2017, 08:27:12 AM |
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I just found out bitcoin and I chose to use online wallet but there is a fear feel that makes me often check did my bitcoin is still safe. I have read some articles there saying for me to use 2fa as additional security. is that true?
2fa will only confirm that it's you trying to access your account with the service. It doesn't make you 100% sure that the online wallet itself couldn't take your coins like BIT.AC seemingly did, for example. So it's good for preventing "hackers" through keyloggers and other things to access your online account, but it doesn't keep your coins safe, nor is holding your coins in an online wallet ever going to be particularly safe. In the case of online wallets that are unlikely to fail with your coins e.g. Green Address, 2fa is a good idea. Like I said, invest in a hard wallet (ledger nano s) and use your 2fa codes on your phone. That's the safest bet when it comes to safety. Hardware wallets are a 2fa device. You don't need to use your phone with them, you can just put it into any computer and you'll have to verify the transaction on your device before you send (assuming that the Ledger Nano S works in the same way as the TREZOR). The key difference between an online wallet's 2fa and hardware wallet's 2fa is that with a hardware wallet you control your private keys so you are not accessing an "account", you're accessing a real wallet, so inside jobs are not possible. |
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BitcoinGirl.Club
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Farewell LEO: o_e_l_e_o
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June 18, 2017, 01:40:45 PM |
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I just found out bitcoin and I chose to use online wallet but there is a fear feel that makes me often check did my bitcoin is still safe. I have read some articles there saying for me to use 2fa as additional security. is that true?
Hah. It's normal that you feel a bit paranoid since we are talking about money here. 2 Factor Authentication does help your bitcoin wallet become safe. But take note that it doesn't mean that it makes it invulnerable from thieves. But hey, an extra layer of security is definitely a big help. What wallet are you using if you dont mind us asking? P.S. Good for you for trying out Bitcoin! If there is still a possibility to be hacked why online wallet advise me to add 2fa? Because it makes the hacking harder. Specially if you keep the 2fa code on your phone. Nothing is perfect, but why not have the extra added layer of security? Best thing to do is invest in a hard wallet for security. Enabling 2fa is recommend for all online accounts where possible not only wallets but email access too because it safe guards your bitcoins from unauthorized access from email or wallet direct access. I would say 2fa will keep your wallet safe and make it difficult to be hacked. |
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erikalui
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June 18, 2017, 09:09:31 PM |
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If your PC is hacked, even 2FA cannot be useful and especially if you use Google Authenticator, there can be a danger of not receiving the appropriate code and then if you lose access to your device, you won't be able to login to your account again. Using mobile verification is better IMO. Also, do not use/access your wallet on a machine that you login to the forum or use for regular purposes. It is more vulnerable to hacks/attacks. That's the best way to keep it secure.
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