Bitcoin Forum
November 30, 2022, 11:16:36 AM *
News: Bitcointalk Community Awards
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Max Security with Online Services like Coinbase Gemini Blockchain.info  (Read 213 times)
adaseb (OP)
Legendary
*
Offline Offline

Activity: 3220
Merit: 1527



View Profile
August 12, 2017, 09:44:32 PM
 #1

I know that Cold storage is the way to go when it comes to securing your BTC. However there are a few reasons why some people choose to keep their BTC on an exchange, for example to withdraw to fiat or they keep it on their Blockchain.info mobile wallet app to make small purchases from time to time.

The issues I am finding with most exchanges like Coinbase, Gemini is that even if you have 2FA enabled most can be easily reset if someone has access to your email and/or phone.

So if you have a unique email password with 2FA enabled, a unique Coinbase password with 2FA, you are still vulernable if your computer gets malware.

Authy for example lets you reset your 2FA with ONLY your email+phone number. They freeze your account for maybe 24 hours and they ask by text to confirm its you. However if your computer gets hacked, someone will have access to your email, in your email they can get your name, address, SSN, which is more than enough to change their SIM swap to theirs.

Hence if you are on vacation or take the weekends away from the computer. Someone during that time can reset your Coinbase password by email, reset your Authy 2FA by email and by phone confirmation.

So to me its seems that the ONLY way to have security ( assuming Coinbase doesn't go MtGox ) is to use a

Dedicated email address only for Coinbase. In this email there should be no traces or mentioning any personal info like Full name, Address, Phone number

Dedicated phone number only for Authy 2FA. This can be a prepaid phone which can only get refill offline by calling 611 or at the Gas station. This phone number can't be anywhere on your computer or inside your email accounts.

Secure OS like Linux or Mac with all security updates. Only use when login into the exchange, don't use it for anything else. This can be done by buying another hard drive.

So I know this is kind of paranoid and some say its far-fetched but with Bitcoin hitting $4000 almost, pretty much any amount of BTC stolen would be upsetting.

I am just wondering what everybody else is doing to keep their BTC secure on an exchange?


.BEST..CHANGE.███████████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
███████████████
..BUY/ SELL CRYPTO..
1669806996
Hero Member
*
Offline Offline

Posts: 1669806996

View Profile Personal Message (Offline)

Ignore
1669806996
Reply with quote  #2

1669806996
Report to moderator
1669806996
Hero Member
*
Offline Offline

Posts: 1669806996

View Profile Personal Message (Offline)

Ignore
1669806996
Reply with quote  #2

1669806996
Report to moderator
1669806996
Hero Member
*
Offline Offline

Posts: 1669806996

View Profile Personal Message (Offline)

Ignore
1669806996
Reply with quote  #2

1669806996
Report to moderator
It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1669806996
Hero Member
*
Offline Offline

Posts: 1669806996

View Profile Personal Message (Offline)

Ignore
1669806996
Reply with quote  #2

1669806996
Report to moderator
1669806996
Hero Member
*
Offline Offline

Posts: 1669806996

View Profile Personal Message (Offline)

Ignore
1669806996
Reply with quote  #2

1669806996
Report to moderator
warningsigns
Hero Member
*****
Offline Offline

Activity: 896
Merit: 1082


View Profile
August 12, 2017, 10:47:36 PM
 #2

I use an email account with a unique password. I do not use common passwords across my other accounts. They each have their own unique password.

I use Authy for 2FA with a prepaid phone number linked to it. The 2FA number is not the same account recovery number stored on Google Accounts.

I disabled the multi-device feature on Authy. The phone hosting my Authy is enrolled in Apple's 2FA system.

I access my email on a Chromebook. I have no extensions installed on this Chromebook.

I access my bitcoin wallet on a second Chromebook which I use exclusively for this purpose alone.

I never ever open email-delivered links and I always type website addresses I want to access.

BitcoinNewsMagazine
Legendary
*
Offline Offline

Activity: 1806
Merit: 1164



View Profile WWW
August 12, 2017, 11:53:43 PM
 #3

Coinbase recommends you use Google Authenticator rather than Authy. That way your log in is tied to your phone, not your phone number. Having log in secured by a single physical device means you can take your phone with you on vacation and your funds should be safe. When you first set up GA for log in you are given a secret key and told to store in a safe place so if you have to replace your phone you can have seamless access to your account. With the secret key you can restore GA to a new phone. Since you are using your phone to secure your account you may as well use the email you use for your phone.

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!