Topic: 2FA confusion - page 2. (Read 316 times)
Check this thread that was created today: 2FA on crypto wallet exists?
There is one thing I'm trying to catch here, isn't having access to recovery seed neutralised the power of 2FA Authentication?
It essentially does. Seedphrase serves as a fail safe system which you can use to recover your address should you lose other modes of access. Reason why it would be kept secure and possibly duplicated in different locations.2FA serves more as a means to prevent breaches through your device and is not much recommended cause it involves a bit of centralization
Yes, you can always recover a 2FA wallet using your seed only. See here:
2FA wallets are not really worth it anyway, especially if you're planning to spend on a regular basis.
Even if TrustedCoin is compromised or taken offline, your coins are secure as long as you still have the seed of your wallet. Your seed contains two master private keys in a 2-of-3 security scheme. In addition, the third master public key can be derived from your seed, ensuring that your wallet addresses can be restored
2FA wallets are not really worth it anyway, especially if you're planning to spend on a regular basis.
There is one thing I'm trying to catch here, isn't having access to recovery seed neutralised the power of 2FA Authentication? Or this 2FA auth is already imprinted into the recovery seed as well?.
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