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Author Topic: Is there a 2 way factor for bitcoin and ERC20 digital wallet?  (Read 163 times)
cryptoVinc5599
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August 19, 2018, 04:24:11 PM
 #41

Phone numbers are not a safe option for verification as it can be hacked by the hackers and might cause us more damage. Google Authenticator will be a much safer option.
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Casey7
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August 19, 2018, 04:39:07 PM
 #42

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.
I dont know whether its true that its very easy to steal code from phone number or not since u just know that is very difficult for me.
Anyway, Google Authenticator is very good so actually by using that 2FA, you canbe sure that your wallet is safe but this is normally in exchange wallet.

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AltCoinShooter
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August 19, 2018, 04:40:44 PM
 #43

The two way factor can easily done to ensure the transfer of crypto from another digital wallet. Using this way hackers could not easily get crypt because it will move your phone code before transferring.
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August 19, 2018, 04:47:53 PM
 #44

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?
Though new to crypto currency, i have not seen any wallet both for bitcoin and erc20 wallets that require a 2fa authentication, i have only come across 2fa authentication for COINEX exchange platform. but if this can be adopted for bitcoin and erc20 wallet, it will go along way to enhance wallet security. Is there any bitcoin or erc20 wallet that you know that uses such tech? please share if you do.

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August 19, 2018, 04:55:48 PM
 #45

I also still do not understand why in the purses there is no 2FA, this is the right solution for safe storage of assets. A lot of hacking due to the fact that people through phishing sites send their passphrases and private keys.

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August 21, 2018, 02:37:26 AM
 #46

As many have already said, Google authenticator. It is good however, make sure to backup the key — I have seen many forgetting it and then there is no way around it. Second note, wherever your Google authenticator app is installed, remember to pass/pin protect it. Otherwise anyone with access to your mobile can see 2fa codes.

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