Well, imagine exchanges or wallet sites as being a bit like a self storage facility...
http://en.wikipedia.org/wiki/Self_storage
So you have your own door with a lock on it, but there's a risk someone could pick the lock or come up with a hack like jamming a bic pen into it or something, then adding 2 factor would be like adding a second lock with a bazillion rotating combinations. Thus should the first lock become vulnerable to the key being copied or bolt cutters etc, the second lock will prevent access.
However, the door is only the conventional method of access, the storage space could be attacked through the wall or through the roof etc, bypassing your door and the locks on it. This is where you hope your storage facility has thick walls, solid roof and proactive security procedures.
Topic: Friendly reminder to noobs (Read 920 times)
So if I had a 2fa on crytorush (hypothetically) it would've been immune to the stolen blackcoins? Or does a hack like that not matter about what you have?
I do have 2fa for my other accounts, but just curious exactly *how* secure it is.
I do have 2fa for my other accounts, but just curious exactly *how* secure it is.
Great tips. I had had my gmail account is hacked.It is tough keyword. But i don't know how he hacked my account.After that i use 2FA in gmail.
And don't store your btc and alts on the exchange. My friendly reminder.
Yes, even though most exchanges have reasonably good front end security, they have been attacked by other means, such as "social engineering" attacks on the exchanges hosting provider. Basically, with such a honey pot full of highly fungible digital currency, there is nothing they won't try to get it.
Thanks for the reminders...
The higher ups are always so concerned for the newbies like us..
The higher ups are always so concerned for the newbies like us..
2FA is recommended to everyone who's concerned about their security..! + i'll suggest using multiple Mailing accounts.. !
1: For Premium Services [like an ewallet or an exchange account]
2nd: For Sites you are testing[ like gambling sites or any other random site you signup]
3rd: for everything else[I call it spam-mail]
try to use 2FA in all mail at least on 1st and 2nd .. !
1: For Premium Services [like an ewallet or an exchange account]
2nd: For Sites you are testing[ like gambling sites or any other random site you signup]
3rd: for everything else[I call it spam-mail]
try to use 2FA in all mail at least on 1st and 2nd .. !
And don't store your btc and alts on the exchange. My friendly reminder.
if someone do that even after knowing what happened in recent times , I think he deserves to lose his/her coins.Many still doing that even until now. Because depositing bitcoin will take some time.
And don't store your btc and alts on the exchange. My friendly reminder.
if someone do that even after knowing what happened in recent times , I think he deserves to lose his/her coins. What is 2FA?
IS it same like Google sending sms, whenever i sign-in with different computers?
IS it same like Google sending sms, whenever i sign-in with different computers?
There's an option on your google account settings if you want to disable or enable such features. For me I will enable it so I would know if someone suspicious trying to sign in to my account.
What is 2FA?
IS it same like Google sending sms, whenever i sign-in with different computers?
IS it same like Google sending sms, whenever i sign-in with different computers?
And don't store your btc and alts on the exchange. My friendly reminder.
you can store it but not all of it. store only the part you need for gamble/trading
And don't store your btc and alts on the exchange. My friendly reminder.
BTW don't phear teh Google authenicator... google just implemented it, they're not tracking you every time you use it. You can get 3rd party authenticator apps that use the same algorithm for nearly every platform you can think of. ... although having said that, I've mislaid my link of alternatives.... probably on the other machine.
Always use 2FA! This makes you immune to most types of hackers.
Most bitcoin-related sites offer it. Once activated, a one-time use code is sent to your cellphone everytime you try to log in.
It gives much peace of mind for just a minor hassle.
Most bitcoin-related sites offer it. Once activated, a one-time use code is sent to your cellphone everytime you try to log in.
It gives much peace of mind for just a minor hassle.
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