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Author Topic: Is there a 2 way factor for bitcoin and ERC20 digital wallet?  (Read 265 times)
jeromix (OP)
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August 13, 2018, 06:25:13 AM
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It is an ideal for every digital wallet to secured the cypto inside to it by doing a two way factor to affirm the transfer of crypto from the wallet to another digital wallet. A phone number could be which will be registered to that digital wallet and every time you will do transfer the process should ask a code that is being sent from your phone number in order to proceed. In this way hackers could not get the crypto that easily because you are holding the code on your phone before it will be transferred. Is there any digital wallet like this for bitcoin and ERC20 digital wallet?

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August 13, 2018, 06:55:56 AM
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A phone number could be which will be registered to that digital wallet and every time you will do transfer the process should ask a code that is being sent from your phone number in order to proceed.

Using a phone number and SMS as your 2FA is inherently insecure as thieves can quite easily get your phone number transferred to another SIN, rendering the entire 2FA meaningless. You are much safer using something like Google Authenticator.
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August 13, 2018, 07:34:25 AM
 #3

It is an ideal for every digital wallet to secured the cypto inside to it by doing a two way factor to affirm the transfer of crypto from the wallet to another digital wallet. A phone number could be which will be registered to that digital wallet and every time you will do transfer the process should ask a code that is being sent from your phone number in order to proceed. In this way hackers could not get the crypto that easily because you are holding the code on your phone before it will be transferred. Is there any digital wallet like this for bitcoin and ERC20 digital wallet?
Password and Security verification like 2-Step verification are things that can be found in centralized wallet services, I'm not sure there is a centralized wallet service that supports Bitcoin and all ERC20 tokens base because centralized wallets are very selective when adding tokens in their services


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August 13, 2018, 07:42:59 AM
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Get a hardware wallet and use the backups Trezor and Ledger provide. It isn't a lot to spend to protect any decent amount of crypto.

Anything sent into digital wallet should be small amount you can afford to lose.

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August 13, 2018, 08:00:40 AM
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I think, especially for a member that using software based wallet, this method is very recommended to enable the encrypt password feature, especially for a member who store assets in an exchanger wallet.

but we must pay attention that 2FA is only to secure our account or wallet, not secure the website.

if the website is hacked, then 2FA will also not work.

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August 13, 2018, 08:17:29 AM
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It is an ideal for every digital wallet to secured the cypto inside to it by doing a two way factor to affirm the transfer of crypto from the wallet to another digital wallet. A phone number could be which will be registered to that digital wallet and every time you will do transfer the process should ask a code that is being sent from your phone number in order to proceed. In this way hackers could not get the crypto that easily because you are holding the code on your phone before it will be transferred. Is there any digital wallet like this for bitcoin and ERC20 digital wallet?

I am not much into ETH so unable to help you for ETH. However, I have used two factor authentication functionality for bitcoin wallet named Greenaddress. You can get the executable file from https://greenaddress.it/en/ . Install it like any other software and enable 2FA by clicking on the "settings" tab.

They offer 4 different types of 2FA for the security of your wallet. Email, Google Authentication, SMS and Call. Enable as per your requirement and enjoy the security. Once enabled, no transaction will go through without the authentication method you have chosen.

You can also try Metamask for your ETH transactions. However, I am not sure if they have 2FA option or not. You can install and test for yourself. Hope this helps!

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August 13, 2018, 08:23:24 AM
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As far as I know, there is no 2 factor for Ledger wallets
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August 13, 2018, 11:20:35 AM
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It is an ideal for every digital wallet to secured the cypto inside to it by doing a two way factor to affirm the transfer of crypto from the wallet to another digital wallet. A phone number could be which will be registered to that digital wallet and every time you will do transfer the process should ask a code that is being sent from your phone number in order to proceed. In this way hackers could not get the crypto that easily because you are holding the code on your phone before it will be transferred. Is there any digital wallet like this for bitcoin and ERC20 digital wallet?

Yes it will be very convenience to having a 2fa security in our personal wallet, but i think you cannot do that in your own wallet.
Usually 2fa feature available only in the exchange. Some peoples use exchange wallet more than personal wallet because they think it is more secure.

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August 13, 2018, 11:29:46 AM
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I think Google Authenticator may help you as people are already sim-jacking a lot.
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August 13, 2018, 03:35:42 PM
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You can try some how to integrate the Google two Factor identification to that, I have not tried that before but I think this is possible somehow. In my opinion Google 2fa is the best one.

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August 16, 2018, 05:18:43 AM
 #11

The Google Authenticator is an excellent two way factor. It is safe and secure and is user friendly at the same time.
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August 16, 2018, 06:03:01 AM
 #12

As far as i know, there is no mobile wallet that has a 2 factor authentication feature (but i could be wrong), so the only option left is to use third party apps that serves as 2 factor authentication. There are many options out there, but the favorite apps are Authy, Google Authenticator, FreeOTP, or Toopher. You could try them all and find one that really suits you.
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August 16, 2018, 11:41:12 AM
 #13

Recently there has been reports of sim hijacking and hackers can easily copy your sim enabling 2FA to be useless. Google authenticator is the best option here. But it is recommended that you use hardware wallets since they are the safest in order to store your crypto. 2FA is mostly available on exchange wallets and also bears huge amount of risk.
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August 16, 2018, 11:47:32 AM
 #14

Yes, I think the MEW and other exchange wallets offer a 2FA (Two-Factor-Authentication) to their users which helps secure their wallets. The series of hacks that have occurred have led to this and to a great extent, it has been helpful. The google authenticator is also a good one for wallet security. You can try any of these if you want
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August 16, 2018, 11:49:38 AM
 #15

I think that bitcoin and the ERC are one because the bitcoin is stored on this purse
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August 17, 2018, 09:59:30 AM
 #16

As far as I know there is no 2 factors for ledger wallet. But Google Authinticator is the best option, You can use that.
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August 17, 2018, 04:09:46 PM
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You can attempt some way or another to coordinate the Google two Factor distinguishing proof to that, I have not attempted that previously but rather I think this is conceivable by one means or another. As I would like to think, Google 2fa is the best one.
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August 18, 2018, 04:29:06 PM
 #18

Utilizing a telephone number and SMS as your 2FA is innately uncertain as hoodlums can without much of a stretch get your telephone number exchanged to another SIN, rendering the whole 2FA inane. You are significantly more secure utilizing something like Google Authenticator.
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August 18, 2018, 04:36:00 PM
 #19

I think, particularly for a part that utilizing programming based wallet, this strategy is exceptionally prescribed to empower the encode secret key element, particularly for a part who store resources in an exchanger wallet.but we should focus that 2FA is just to anchor our record or wallet, not anchor the website.if the site is hacked, at that point 2FA will likewise not work.
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August 18, 2018, 04:54:54 PM
 #20

I think, particularly for a part that utilizing a software based wallet, this strategy is extremely prescribed to empower the encrypted password. yet, we should focus that 2FA is just to anchor our record or wallet, not anchor the site. on the off chance that the site is hacked, at that point 2FA will likewise not work.
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