Pages:
Author

Topic: Is there a 2 way factor for bitcoin and ERC20 digital wallet? - page 3. (Read 316 times)

legendary
Activity: 3080
Merit: 1500
It is an ideal for every digital wallet to secured the cypto inside to it by doing a two way factor to affirm the transfer of crypto from the wallet to another digital wallet. A phone number could be which will be registered to that digital wallet and every time you will do transfer the process should ask a code that is being sent from your phone number in order to proceed. In this way hackers could not get the crypto that easily because you are holding the code on your phone before it will be transferred. Is there any digital wallet like this for bitcoin and ERC20 digital wallet?

I am not much into ETH so unable to help you for ETH. However, I have used two factor authentication functionality for bitcoin wallet named Greenaddress. You can get the executable file from https://greenaddress.it/en/ . Install it like any other software and enable 2FA by clicking on the "settings" tab.

They offer 4 different types of 2FA for the security of your wallet. Email, Google Authentication, SMS and Call. Enable as per your requirement and enjoy the security. Once enabled, no transaction will go through without the authentication method you have chosen.

You can also try Metamask for your ETH transactions. However, I am not sure if they have 2FA option or not. You can install and test for yourself. Hope this helps!
full member
Activity: 812
Merit: 101
I think, especially for a member that using software based wallet, this method is very recommended to enable the encrypt password feature, especially for a member who store assets in an exchanger wallet.

but we must pay attention that 2FA is only to secure our account or wallet, not secure the website.

if the website is hacked, then 2FA will also not work.
copper member
Activity: 532
Merit: 26
Get a hardware wallet and use the backups Trezor and Ledger provide. It isn't a lot to spend to protect any decent amount of crypto.

Anything sent into digital wallet should be small amount you can afford to lose.
full member
Activity: 406
Merit: 101
Decentralized Digital Billboards
It is an ideal for every digital wallet to secured the cypto inside to it by doing a two way factor to affirm the transfer of crypto from the wallet to another digital wallet. A phone number could be which will be registered to that digital wallet and every time you will do transfer the process should ask a code that is being sent from your phone number in order to proceed. In this way hackers could not get the crypto that easily because you are holding the code on your phone before it will be transferred. Is there any digital wallet like this for bitcoin and ERC20 digital wallet?
Password and Security verification like 2-Step verification are things that can be found in centralized wallet services, I'm not sure there is a centralized wallet service that supports Bitcoin and all ERC20 tokens base because centralized wallets are very selective when adding tokens in their services

legendary
Activity: 2268
Merit: 18711
A phone number could be which will be registered to that digital wallet and every time you will do transfer the process should ask a code that is being sent from your phone number in order to proceed.

Using a phone number and SMS as your 2FA is inherently insecure as thieves can quite easily get your phone number transferred to another SIN, rendering the entire 2FA meaningless. You are much safer using something like Google Authenticator.
copper member
Activity: 266
Merit: 2
Ako Bayot!
It is an ideal for every digital wallet to secured the cypto inside to it by doing a two way factor to affirm the transfer of crypto from the wallet to another digital wallet. A phone number could be which will be registered to that digital wallet and every time you will do transfer the process should ask a code that is being sent from your phone number in order to proceed. In this way hackers could not get the crypto that easily because you are holding the code on your phone before it will be transferred. Is there any digital wallet like this for bitcoin and ERC20 digital wallet?
Pages:
Jump to: