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Topic: How much safe Electrum 2FA is? - page 2. (Read 304 times)

legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
November 12, 2023, 07:03:56 AM
#3
For privacy, it is better you run your own node, like Bitcoin Core. Or you can run you own Electrum server.

For anonymity, use Electrum with Tor.

For Electrum 2FA, read these:

https://electrum.readthedocs.io/en/latest/2fa.html
https://api.trustedcoin.com/#/faq
https://api.trustedcoin.com/#/faq#fees

Know that it is 2-of-3 multisig.

Electrum 2FA is safe. Make sure your 2FA app is not on the same app with your wallet.

If you can go for Electrum multisig, it is also safe if you set it up securely and also if you do the backup the way you supposed to do it.
https://electrum.readthedocs.io/en/latest/multisig.html
https://bitcoinelectrum.com/creating-a-multisig-wallet/#:~:text=Select%20Multi%2Dsignature%20as%20the,required%20to%20spend%20from%20it.

Electrum cold storage is also good
https://electrum.readthedocs.io/en/latest/coldstorage.html
sr. member
Activity: 966
Merit: 306
November 12, 2023, 07:00:17 AM
#2
You can have other choices like Multisig wallet or cold storage with Electrum wallet.

With 2FA, you will use a third party service (TrustedCoin) for it, and you will have to pay extra fee for it. If you don't want to pay extra fee because of 2FA, you can choose either Multisig wallet or cold storage wallet with Electrum.

Two guides for you
Creating a multisig wallet
Creating a cold storage wallet

Verify your wallet!
[GUIDE] How to Safely Download and Verify Electrum

About 2FA with Electrum.
Two Factor Authentication
Is electrum is safe for long term storing? Can I get hacked ?
You will be safe if you verify the wallet first and your device is clean or air gap (does not connect to Internet).

Multisig or cold storage wallet can help your coins safer.
jr. member
Activity: 33
Merit: 6
November 12, 2023, 06:55:10 AM
#1
I was thinking of doing transaction of btc thru electrum and can collect money by third party which may makes government unrecognizable who is handling behind it. Currently I'm using this forum by self created multiple VPns. What you recommend me to deal with that? Should I use with the help of TOr (basically it runs?) Is electrum is safe for long term storing? Can I get hacked ?
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