THE IMPORTANCE OF 2FA AUTHENTICATION.

[Bitco55]

For people who constantly move funds between wallets, exchanges, casinos, and sometimes even P2P platforms, 2FA is the cheapest form of insurance any crypto user can have. It is one of those things people know they should enable but often ignore because it feels like extra work. Google authenticator/ Authy are more secure than SMS which can easily be hijacked through SIM swap attack. Also, for wallets that support it, a physical security key like yubikey is even stronger. Most especially, gamblers need 2FA authentication, because we move fund more often than investors. Every deposit, withdrawal, small balance left on the exchange need to be protected. With fast transactions, and occasional ask platforms, one need every layer of protection they can get.

[Oshosondy]

Most especially, gamblers need 2FA authentication, because we move fund more often than investors.

Are you joking? I only have just little amount of money on my gambling account, something like $10 to $50.

But about 2FA, I prefer to set it up on any centralized places that I see it, including gambling sites. It makes the account more secure, but I prefer it more on exchanges that I have higher amount of money, although not that high as I prefer noncustodial wallet but sometimes I leave some trading funds on exchanges, unlike gambling sites that I send money there to gamble. If I win, I will withdraw the money immediately.

[Dunamisx]

Most especially, gamblers need 2FA authentication, because we move fund more often than investors. Every deposit, withdrawal, small balance left on the exchange need to be protected.

Any custodial form of storage is not safe for investors and gamblers, because they are subjected to the platform or the wallet keys being in custody of those that operate the whole thing, 2FA is important, but not effective anymore once this is activated under custodial storage means like the centralized exchanges.

[bitmover]

Whenever you are holding more than a few bucks in a casino, like 100 usd, you should enable 2fa. Most casinos already have 2 fa, and if it doesnt you really should consider looking for other casino with better security practices.

Remember that receiving an email to confirm login is a form of 2FA. Like SMS or 2fa applications.

[Odohu]

For people who constantly move funds between wallets, exchanges, casinos, and sometimes even P2P platforms, 2FA is the cheapest form of insurance any crypto user can have. It is one of those things people know they should enable but often ignore because it feels like extra work. Google authenticator/ Authy are more secure than SMS which can easily be hijacked through SIM swap attack. Also, for wallets that support it, a physical security key like yubikey is even stronger. Most especially, gamblers need 2FA authentication, because we move fund more often than investors. Every deposit, withdrawal, small balance left on the exchange need to be protected. With fast transactions, and occasional ask platforms, one need every layer of protection they can get.

2FA authenticator is a good security measure no doubt but don't use it as insurance for funds that are in a casino or exchange because those are centralized platforms that yih don't control the private keys. The best security approach is to ensure you don't keep any serious funds there and to, as quickly as possible, move your funds to wallets you control their private keys. I have 2FA activated in my casino and exchanges but what I leave there are funds I'm gambling with or trading with and nothing more.

[nemesis_incarnate]

I wonder who would store most of their funds (or a lot of them) on a platform where they play in the first place..

[_act_]

Any custodial form of storage is not safe for investors and gamblers, because they are subjected to the platform or the wallet keys being in custody of those that operate the whole thing, 2FA is important, but not effective anymore once this is activated under custodial storage means like the centralized exchanges.

2FA is popularly known to be on custodial places like crypto exchanges and gambling sites. It is used on some noncustodial wallets like Cake, Green wallet and Electrum but this thread is most about gambling sites which are all centralized. Having 2FA enabled on your account on a gambling site is secure than not having 2FA.

I wonder who would store most of their funds (or a lot of them) on a platform where they play in the first place..

Gambling addicts.

[nemesis_incarnate]

Gambling addicts.

Hm, yeah, that's the obvious option I didn't even think about, mostly because people with problems like that don't have that much to safeguard in the first place.. Or they in the process to go downhill or make themselves better, no matter how hard.

2FA is just another risk-management tool, and I agree with what you said about it initially - having it anywhere where it's an option is a must as long as the place itself is reputable.

[gunhell16]

For people who constantly move funds between wallets, exchanges, casinos, and sometimes even P2P platforms, 2FA is the cheapest form of insurance any crypto user can have. It is one of those things people know they should enable but often ignore because it feels like extra work. Google authenticator/ Authy are more secure than SMS which can easily be hijacked through SIM swap attack. Also, for wallets that support it, a physical security key like yubikey is even stronger. Most especially, gamblers need 2FA authentication, because we move fund more often than investors. Every deposit, withdrawal, small balance left on the exchange need to be protected. With fast transactions, and occasional ask platforms, one need every layer of protection they can get.

I think only one crypto casino has 2FA enabled for me, but the rest of the casinos I play on don't have it. But when I withdraw, the code is just sent to my email.
That's basically all I'm used to right now.

I haven't activated 2FA on the other casinos I use, and throughout all the time I've been gambling on these casino platforms, I haven't really had any problems. As long as we're careful,
it's fine even without enabling Google Authenticator, in my opinion.

[melinoe]

For people who constantly move funds between wallets, exchanges, casinos, and sometimes even P2P platforms, 2FA is the cheapest form of insurance any crypto user can have. It is one of those things people know they should enable but often ignore because it feels like extra work. Google authenticator/ Authy are more secure than SMS which can easily be hijacked through SIM swap attack. Also, for wallets that support it, a physical security key like yubikey is even stronger. Most especially, gamblers need 2FA authentication, because we move fund more often than investors. Every deposit, withdrawal, small balance left on the exchange need to be protected. With fast transactions, and occasional ask platforms, one need every layer of protection they can get.

I think only one crypto casino has 2FA enabled for me, but the rest of the casinos I play on don't have it. But when I withdraw, the code is just sent to my email.
That's basically all I'm used to right now.

I haven't activated 2FA on the other casinos I use, and throughout all the time I've been gambling on these casino platforms, I haven't really had any problems. As long as we're careful,
it's fine even without enabling Google Authenticator, in my opinion.

As long as the platforms we play on are not copies of the original ones to fish out our data.. yeah.

Nowadays, there are many cases that lead to bad consequences in the perspective, and they are avoidable by just being curious / vigilant enough.

[Odusko]

Hello i have read a few of your posts and you have created alot of threads without engaging with the discussion that go on those threads,  this shows that you have intentions of getting attention,  you need to change although from all indications it shows you are a complete newbie who lack understanding of the forum.

[Charles-Tim]

2FA is just another risk-management tool, and I agree with what you said about it initially - having it anywhere where it's an option is a must as long as the place itself is reputable.

Where did you read or hear this from? That 2FA is risk management tool? You can easily know what risk management is from its name 'riisk management'. 2FA is not a risk management tool.

As long as the platforms we play on are not copies of the original ones to fish out our data.. yeah.

Nowadays, there are many cases that lead to bad consequences in the perspective, and they are avoidable by just being curious / vigilant enough.

What are you trying to communicate to us here? I read your post over and over again but I did not understand it at all than seeing it as spam.

[Maus0728]

There is a cheaper way to insure that you are going to be safe when you transfer your funds, and that is having a bi-weekly checks in your computer for malwares and to have the discipline to not visit suspicious sites in your home network to prevent potential trojan getting in your computer, in fact having a hygienic online etiquette saves you more than you think it is, 2-Factor Authentication is safe yes but we have to prevent the potential of attacks more in my opinion. Although it can be argued that you should go down to this level of online hygiene if you are transferring thousands up to millions in funds but other than that, 2FA might be your best bet.

[Agbe]

2Fa authenticator is very important in social media platforms apps and forums. Exchanges normally asked google authenticator to make trading of p2p or withdrawal. And for that they are much more secure. Some platforms making the 2Fa authenticator difficult for the owner to use it too and that is why many people refuse to use it in some wallets apps and exchanges.

[Sticky Bomb]

gamblers need 2FA authentication, because we move fund more often than investors. Every deposit, withdrawal, small balance left on the exchange need to be protected. With fast transactions, and occasional ask platforms, one need every layer of protection they can get.

As a gambler, I do not move funds through the casino as I do accross my wallets. The casino does not see much of my funds unless I win a huge amount and wish to withdraw it.

I get the 2FA of a thing to secure your account, it is very important since it can prevent unwanted access nd you can even check from your email to sign out sessions you do not recognize or do not permit any longer.

2FA still has application in NO KYC platforms if they permit it and even if the user doesn't want to link it to their email, you can still use most of the authenticator apps without an account.

[joniboini]

Google authenticator/ Authy are more secure than SMS which can easily be hijacked through SIM swap attack. Also, for wallets that support it, a physical security key like yubikey is even stronger.

I'd suggest you use open sources 2FA app. Authy is centralized. It's also a hassle to back up your keys from Authy. As they always said, it's better to prepare for the worst instead of relying on a third-party that can go under anytime. Although I'm not sure if 2FA is that sensitive for a casino, there's nothing wrong with using better options to handle them.

[Wiwo]

2Fa authenticator is very important in social media platforms apps and forums. Exchanges normally asked google authenticator to make trading of p2p or withdrawal. And for that they are much more secure. Some platforms making the 2Fa authenticator difficult for the owner to use it too and that is why many people refuse to use it in some wallets apps and exchanges.

Alot of accounts have been protected via 2FA securities feature most especially in the case of accounts hack attempts and even platform hack incidents,  2FA keep the hackers affair from accounts that have such features activated on their accoun.

Aside from protecting users funds on the balance,  it helps you to take extra steps before your funds get sent this can give you another chance to notice any errors innthe receiving address although this is an unofficial feature but it helps.

So for that we must acknowledge and the importance of rhis great security features on anything we know accept 2FA as extra layer of security.

[Apocollapse]

2FA is important, there was a casino get hacked and many of the accounts are compromised by the hacker, then the owner have fix that and they ask every gamblers to enable 2FA in order to avoid from the hacker to gain access over their accounts.

But yeah, many people avoid to use 2FA because they have to spend extra effort, the same thing how people avoid to use no KYC P2P or DEX over CEX.

[rbynxx]

Couldn't agree more and it's probably a no-brainer to go full that way considering how bad was hacking personal information these days. I guess I've been doing it since the early days 2FA was introduced and tbh never got that huge issue when that one is activated, it's really a full extra layer of security. I think this needs to be moved in gambling, no?

[Potato Chips]

Yep. I tend to enable TOTP 2fa to accounts I use a lot whenever it is available.

Though I've move way past google authenticator and authy ages ago as I found a better app. IIRC authy was even compromised at some point? In any case I suggest you use Aegis Aunthenticator instead, see: https://getaegis.app/

It is so much better: open source, reputed, regularly maintained, locally stored, encrypted, and I personally like its backup scheme — good balance of security and convenience. Just keep multiple backups and update regularly.