Always Use 2Fa For Your Exchange Accounts - page 2.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Quote from: DdmrDdmr on July 17, 2019, 04:11:41 AM

What do you find specifically wrong with Authy to discourage its use?

I should've worded that more clearly. It's not that I discourage the usage of Authy, it's just that I far recommend the usage of Google's 2FA app; and that's because with Authy, your backup is stored in the cloud. Yes, I think it's secure as it's surely encrypted, but I still find it inferior security wise to Google's 2FA due to this reason.

tldr; Google 2FA > Authy > No 2FA at all, and backup your Google 2FA codes on paper

Quote from: nakamura12 on July 17, 2019, 04:52:30 AM

Yes it's true that Google 2FA doesn't have a backup feature that will let you transfer from your phone to another phone if that case you mention might happen.

You can import the 2FA to another phone if you've written down the backup code.

nakamura12

hero member

Activity: 2268

Merit: 669

Bitcoin Casino Est. 2013

Quote from: DdmrDdmr on July 17, 2019, 04:11:41 AM

Quote from: mk4 on July 17, 2019, 04:02:26 AM

<…> Also, use Google 2FA and not Authy.

What do you find specifically wrong with Authy to discourage its use?

I personally went from Google 2FA to Authy in order to be able to clone my 2FA setting on multiple devices in case my phone was either stolen or ended up broken. Of course you should also keep the backup code provided by each site, but I find Authy’s backup feature interesting.

Arguably, one could also vouch precisely against this feature, since the backup feature itself, even if encrypted as it is, could potentially be exploited at some point.

Yes it's true that Google 2FA doesn't have a backup feature that will let you transfer from your phone to another phone if that case you mention might happen. I also don't see any much problem with google 2FA if a person is not lazy to do the things you need to de when keeping a backup of the 2fa code in case your phone is broken or stolen. Since the time I know about authy i've been using it until now that I also went from google 2fa to authy but I still use google 2fa or in short I use both authy and google 2fa and having a android emulator in the computer for the google 2fa backup.

DdmrDdmr

legendary

Activity: 2338

Merit: 10802

There are lies, damned lies and statistics. MTwain

Quote from: mk4 on July 17, 2019, 04:02:26 AM

<…> Also, use Google 2FA and not Authy.

What do you find specifically wrong with Authy to discourage its use?

I personally went from Google 2FA to Authy in order to be able to clone my 2FA setting on multiple devices in case my phone was either stolen or ended up broken. Of course you should also keep the backup code provided by each site, but I find Authy’s backup feature interesting.

Arguably, one could also vouch precisely against this feature, since the backup feature itself, even if encrypted as it is, could potentially be exploited at some point.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Not only on your exchange accounts, but all the websites you use in general that as either money, or sensitive personal information. Having 2FA is seriously a very small price to pay(just a slight hassle), in exchange for significantly increased security.

Also, use Google 2FA and not Authy.

BitMaxz

legendary

Activity: 3374

Merit: 3095

Playbet.io - Crypto Casino and Sportsbook

That is why it's advisable to use the two-factor authenticator to keep your any exchanges account safe and always use a unique password for every exchange because there is a possibility that one of the exchange is compromised. So don't keep using one password for all exchanges or any website.

Check this thread below to keep your account safe.

- [Guide] Stay safe when dealing with Exchanges.

Also, beware on Phishing this might be the reason why someone knows about your credentials.

Check this guide.

- [GUIDE] Use this for identifying Scam/Phishing Websites & Exchanges in Crypto

Raymondavid47

jr. member

Activity: 546

Merit: 3

Recently I have been receiving emails that someone is login in into some of my exchange accounts that I didn't activate my 2fa settings. Although I don't have money In them, but now I see how unsecured they are without the 2fa settings being activated. So my advice to you is to activate your 2fa settings in any exchange you are trading on to avoid unwanted entries or hacking. Be safe

Topic: Always Use 2Fa For Your Exchange Accounts - page 2. (Read 483 times)