2FA - useful or hindrance? | Bitcointalksearch.org

minerpumpkin

hero member

Activity: 686

Merit: 500

A pumpkin mines 27 hours a night

Quote from: Baitty on July 15, 2014, 02:41:04 PM

I've had a lot of problems with 2 factor. ive lost my phone and or wiped and didnt save the code and then couldn't access accounts for awhile until submitting a support ticket.

Same thing happened to me once. I really though I had that code backed up, but nope... It was quite a lesson, you can never be sure enough you've backed everything up. I did regain my accesses though...

CoinsCoinsEverywhere

hero member

Activity: 532

Merit: 500

Quote from: cooldgamer on July 15, 2014, 02:32:49 PM

I use 2FA on everything that supports it. You never know when your password is going to get taken, then it's the difference between nothing happening and losing all of your money. It's well worth the extra 15 seconds.

I agree if I'm trying to protect hundreds of dollars. But if I'm literally trying to protect $2, it's a huge waste of time.

Baitty

hero member

Activity: 532

Merit: 500

Currently held as collateral by monbux

I've had a lot of problems with 2 factor. ive lost my phone and or wiped and didnt save the code and then couldn't access accounts for awhile until submitting a support ticket.

cooldgamer

legendary

Activity: 1218

Merit: 1003

We are the champions of the night

I use 2FA on everything that supports it. You never know when your password is going to get taken, then it's the difference between nothing happening and losing all of your money. It's well worth the extra 15 seconds.

Hazir

legendary

Activity: 1596

Merit: 1005

★Nitrogensports.eu★

We are still waiting for a better way to secure our services. Next step could be fingerprints or iris identification.

CoinsCoinsEverywhere

hero member

Activity: 532

Merit: 500

Quote from: Sydboy on July 15, 2014, 04:48:51 AM

if you can not spare 3 seconds to type in 2FA key you need to re asses you time management skills.
it should be a priority!

It takes a lot more time than that if you don't have a smartphone. Wink

And if it's a one-time thing every week or two, then it's not a big deal. But if you have to do it multiple times each day, it gets really annoying.

leepsteer00

hero member

Activity: 574

Merit: 500

It's definitely useful. In my case I use "Authy" instead of Google Authenticator, to get rid of troubles you'll get if you lose your phone by uploading your encrypted data to their server.

jump4ever

full member

Activity: 257

Merit: 100

2FA saved me many times from being hacked so for me it's pretty useful.

sj2199

hero member

Activity: 797

Merit: 500

BBOD fast, non-custodial & transparent Exchange

2fa is useful if we have large amount of money in our acount or the data is sensible..then it feels good to have it
but it becomes irritating for signing in to small accounts

Bitsaurus

hero member

Activity: 873

Merit: 1007

Quote from: Sydboy on July 15, 2014, 04:48:51 AM

if you can not spare 3 seconds to type in 2FA key you need to re asses you time management skills.
it should be a priority!

Up above I said people shouldn't be lazy with it on needed sites, but it's a lot more than 3 seconds in most cases. Even if the phone was next to me it takes about 5-10 seconds, and if the phone is not next to me sometimes it's a 1-5 min hunt for the phone Tongue

Sydboy

full member

Activity: 196

Merit: 100

if you can not spare 3 seconds to type in 2FA key you need to re asses you time management skills.
it should be a priority!

Lethn

legendary

Activity: 1540

Merit: 1000

I can understand the reasons behind using it but I guess you could take the same attitude to airport security, I think there's a line you cross where the security measures just become completely unnecessary.

bitbaby

hero member

Activity: 812

Merit: 1000

Quote from: haploid23 on July 12, 2014, 03:51:06 AM

2 Factor Authentication is more widely used than it use to be. Some sites, such as Coinbase, force you to use it, while other sites are optional.

I definitely see the usefulness in this type of log in, however I have not fully adopted it when optional because depending on the situation, it's as much of a hindrance as it is useful. If you lose your phone or get it stolen, then it's a major inconvenience to access your accounts. It greatly increases security measure, but it can greatly screw you as well. Anyone else turned off by this double-edge sword?

I understand your point totally, as useful and important it is, sometimes it is difficult/impossible to get into accounts such as coinbase when they're having trouble sending sms.

CoinsCoinsEverywhere

hero member

Activity: 532

Merit: 500

I like having the option of using 2FA, but under most circumstances, I hate being forced to use it. I generally find it to be more of a pain than useful, especially when pools have it. I really hate it when pools make you check your e-mail to enable account detail changes. Sure, it's nice and secure, but I don't care--it's not worth the trouble for me. My hash rate is pretty low, and I typically check on my mining at least once a day, so if someone hacked one of my pool accounts, I'd lose less than a day's worth of mining profits, which is maybe a couple of bucks. I use strong passwords (truly random character strings), and I've never had a problem.

However, I do appreciate 2FA on Coinbase, and I'd probably use it there even if it weren't required. Additionally, they have a nice hybrid system where you have the security of 2FA with the convenience of only having to authenticate with 2FA once every 30 days.

koshgel

legendary

Activity: 1148

Merit: 1001

Different kinds of 2FA are available besides cell phone but any extra layers of security for sensitive things is obviously a good thing. The negatives you mentioned can be easily avoided.

Bitsaurus

hero member

Activity: 873

Merit: 1007

If you're going to be on an exchange with any noticeable presence, 2FA is a must. Well, a must if you expect your money to be there every time you log on. If it's cumbersome maybe you shouldn't be trading Tongue

Malin Keshar

hero member

Activity: 616

Merit: 500

Quote from: minerpumpkin on July 14, 2014, 07:56:02 PM

Quote from: Malin Keshar on July 14, 2014, 07:44:05 PM

I use only if its mandatory or for big values - 10+ bitcoins. Otherwise can be more a trouble than a protection

That's a lot of money! Why do you keep more than 10 bitcoins on exchanges or online wallets to begin with?

I have less than half of that, so at the moment I don't use.

minerpumpkin

hero member

Activity: 686

Merit: 500

A pumpkin mines 27 hours a night

Quote from: Malin Keshar on July 14, 2014, 07:44:05 PM

I use only if its mandatory or for big values - 10+ bitcoins. Otherwise can be more a trouble than a protection

That's a lot of money! Why do you keep more than 10 bitcoins on exchanges or online wallets to begin with?

Malin Keshar

hero member

Activity: 616

Merit: 500

I use only if its mandatory or for big values - 10+ bitcoins. Otherwise can be more a trouble than a protection

minerpumpkin

hero member

Activity: 686

Merit: 500

A pumpkin mines 27 hours a night

It needs to be as seldom as possible, since for a security feature to be accepted, it needs to be easier to actually use the feature than just to circumvent (disable) it. But for withdrawals or important actions 2FA should be mandatory! It really can save your life's savings!

Topic: 2FA - useful or hindrance? (Read 1790 times)