What secure wallets needs 2fa before sending

streazight

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Quote from: yayayo on August 23, 2016, 08:11:52 AM

I'm skeptical of 2fa, since SMS for example is not a secure way of transmitting information. Nowadays, the underlying encryption can be hacked quite easily. The point of 2fa is almost completely erased, if you use the same device for opening a web wallet and receiving SMS. In addition, by using 2fa, you reveal your phone number to the web wallet operator which has negative privacy and security implications. For example, if the wallet operator is hacked, your phone number might be revealed to criminals and you could be an easy target of personalized scam attempts.

So if you want to use 2fa, better use a specialized device with a local wallet.

For storing larger amounts of Bitcoin, I would recommend cold storage only (for example paper wallets). This way (if the addresses were generated in a secure environment) you eliminate the risk of hacking and third party scams altogether.

ya.ya.yo!

I have had a problem with 2fa as well.
It was from my Google account. I had switched sim card since I needed a new one to refresh my phone identity and unfortunately, I lost my old one.
I did not really think of it much until I had to log in my account again from a different pc.

MingLee

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Quote from: RealBuyer on August 18, 2016, 11:37:21 PM

I will like to know secured online wallets that require 2fa before sending btc.

I personally don't know about places that require 2fFA before sending Bitcoin, but Coinbase and Blockchain.info (and maybe Xapo) require 2FA to log into your account. There might be some settings that you can configure on some online wallets to change that, but I don't know them off hand.

lister storm

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Quote from: Tazze on August 23, 2016, 08:01:30 AM

No one requires that unless you specify it and mostly these wallets enforce that at login rather than on sending transaction, Anyway that wouldn't be an issue since no one would be able to login without the 2fa auth.

it wouldnt be an issue for sure, i know that blockchain.info requires 2fa for logging in into the wallet though you dont need to do that when you send btc

yayayo

legendary

Activity: 1806

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I'm skeptical of 2fa, since SMS for example is not a secure way of transmitting information. Nowadays, the underlying encryption can be hacked quite easily. The point of 2fa is almost completely erased, if you use the same device for opening a web wallet and receiving SMS. In addition, by using 2fa, you reveal your phone number to the web wallet operator which has negative privacy and security implications. For example, if the wallet operator is hacked, your phone number might be revealed to criminals and you could be an easy target of personalized scam attempts.

So if you want to use 2fa, better use a specialized device with a local wallet.

For storing larger amounts of Bitcoin, I would recommend cold storage only (for example paper wallets). This way (if the addresses were generated in a secure environment) you eliminate the risk of hacking and third party scams altogether.

ya.ya.yo!

Tazze

newbie

Activity: 31

Merit: 0

No one requires that unless you specify it and mostly these wallets enforce that at login rather than on sending transaction, Anyway that wouldn't be an issue since no one would be able to login without the 2fa auth.

BitcoinSupremo

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Quote from: ivanst776 on August 22, 2016, 02:05:09 PM

Quote from: jackg on August 20, 2016, 08:20:25 PM

Quote from: ivanst776 on August 20, 2016, 04:10:37 PM

Quote from: RealBuyer on August 18, 2016, 11:37:21 PM

I will like to know secured online wallets that require 2fa before sending btc.

The Ledger Nano S has the FIDO for stronger authentication as can be seen in the pic below

It has also the PIN to protect logging in from any malware or any other software but with the Nano S you should use buttons.

This means that even if your computer is infected you still are safe using this wallet (which is for bitcoin and ethereum too)

How is data stored though? It's good until somethig bad happens!
If it uses flash technology then it's likely to fail in an unreasonably small amount of time (If using every day, you're lucky to get a year out of it).

Even if ledger nano S stores the data using the flash technology it is not bad at all as you say.

Searching in google it says that the flash drives can last up to 10 years if you not power up in pc.

You can check/search here how safe is the ledger nano S or even ask here https://bitcointalksearch.org/topic/overview-bitcoin-hardware-wallets-secure-your-coins-899253

I know that ledger nano S is the new hardware wallet from ledger. Ledger Hw.1 it has a life span of 30 years or 500.000 cycles of usage , it says so in it box so not a problem what technology uses. The company guarantees it has a lifespan of 30 years which is not bad at all cause we don't know if we will be alive after 30 years let alone what will happen to our bitcoins. Ledger makes one of the most cheap and very good working hardware wallets.

johny87

newbie

Activity: 38

Merit: 0

Few require it to send but most online browser wallets adds it as an option when logging in. Blockchain.info and most online wallets do so but not sure why a computer based wallet like electrum hasn't added it yet.

ivanst776

legendary

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Quote from: jackg on August 20, 2016, 08:20:25 PM

Quote from: ivanst776 on August 20, 2016, 04:10:37 PM

Quote from: RealBuyer on August 18, 2016, 11:37:21 PM

I will like to know secured online wallets that require 2fa before sending btc.

The Ledger Nano S has the FIDO for stronger authentication as can be seen in the pic below

It has also the PIN to protect logging in from any malware or any other software but with the Nano S you should use buttons.

This means that even if your computer is infected you still are safe using this wallet (which is for bitcoin and ethereum too)

How is data stored though? It's good until somethig bad happens!
If it uses flash technology then it's likely to fail in an unreasonably small amount of time (If using every day, you're lucky to get a year out of it).

Even if ledger nano S stores the data using the flash technology it is not bad at all as you say.

Searching in google it says that the flash drives can last up to 10 years if you not power up in pc.

You can check/search here how safe is the ledger nano S or even ask here https://bitcointalksearch.org/topic/overview-bitcoin-hardware-wallets-secure-your-coins-899253

Hirose UK

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Quote from: vero on August 19, 2016, 01:51:31 PM

Quote from: RealBuyer on August 19, 2016, 04:42:23 AM

Please guys read before replying. I said 2fa before sending

Functions 2FA security working before you login so when you have passed that stage you can directly to send bitcoin without need 2FA code.

Yeah. As far as I know, 2FA is always required before logging in. I've never seen a wallet requires 2FA before sending bitcoin, but probably I just don't know about it yet.

Just wait if anybody knows a wallet you want.

jackg

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Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Quote from: ivanst776 on August 20, 2016, 04:10:37 PM

Quote from: RealBuyer on August 18, 2016, 11:37:21 PM

I will like to know secured online wallets that require 2fa before sending btc.

The Ledger Nano S has the FIDO for stronger authentication as can be seen in the pic below

It has also the PIN to protect logging in from any malware or any other software but with the Nano S you should use buttons.

This means that even if your computer is infected you still are safe using this wallet (which is for bitcoin and ethereum too)

How is data stored though? It's good until somethig bad happens!
If it uses flash technology then it's likely to fail in an unreasonably small amount of time (If using every day, you're lucky to get a year out of it).

Anon_7716

full member

Activity: 154

Merit: 100

Yeah in general it is extremely secure. But if your wallet is ever stricken with such safeguards, then the hacker will be wasted. Because surely they already get the secret code of your wallet and they move the code into another purse and I think they will start taking all BTC you when your wallet filled with many of the bitcoin. So if you want to do security, make sure the account you never get hacker attacks

raymond541

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Quote from: RealBuyer on August 18, 2016, 11:37:21 PM

I will like to know secured online wallets that require 2fa before sending btc.

Well 2fa is mobile verification require for login to an account.I hear 2fa can be bypass.So my suggestion if you have large amount of BTC you can use deep cold storage.For small amount you can use blockchain.info with 2fa for small amount.thanks

ivanst776

legendary

Activity: 1540

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Quote from: RealBuyer on August 18, 2016, 11:37:21 PM

I will like to know secured online wallets that require 2fa before sending btc.

The Ledger Nano S has the FIDO for stronger authentication as can be seen in the pic below

It has also the PIN to protect logging in from any malware or any other software but with the Nano S you should use buttons.

This means that even if your computer is infected you still are safe using this wallet (which is for bitcoin and ethereum too)

calkob

hero member

Activity: 1092

Merit: 520

I think that nearly all the main online wallets require 2fa or at least provide it if required.

BitcoinSupremo

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Quote from: zeaderza on August 20, 2016, 11:05:18 AM

Quote from: densuj on August 19, 2016, 11:35:52 AM

Quote from: RealBuyer on August 18, 2016, 11:37:21 PM

I will like to know secured online wallets that require 2fa before sending btc.

2fa usualy be used before login to online wallets, Blockchain and blocktrail are using it too. And there are codes who must be filled before sending bitcoin ( you can set it) and does not 2fa.

I never used 2FA authentication on blockchain ever. because I feel it is not important. actually I don't use blockchain as my primary wallet, but now I feel I should setup 2FA on blockchain to secure my account..

Its a real good choice that your primary wallet is not blockchain and this should be the way to be for as long as you will use bitcoin. Adding 2FA helps a lot in securing your account but it can do nothing if the website of wallet of blockchain goes offline than your bitcoins are gone except the case where you have saved your private keys somewhere and can import them in other wallets. Better stick to desktop or hardware wallets.

zeaderza

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Merit: 502

Quote from: densuj on August 19, 2016, 11:35:52 AM

Quote from: RealBuyer on August 18, 2016, 11:37:21 PM

I will like to know secured online wallets that require 2fa before sending btc.

2fa usualy be used before login to online wallets, Blockchain and blocktrail are using it too. And there are codes who must be filled before sending bitcoin ( you can set it) and does not 2fa.

I never used 2FA authentication on blockchain ever. because I feel it is not important. actually I don't use blockchain as my primary wallet, but now I feel I should setup 2FA on blockchain to secure my account..

Tasssty

newbie

Activity: 54

Merit: 0

Blockchain.info offers this option "when logging in" also coinbase, circle etc... almost every browser-based wallet offers such functionality, Not sure about PC based but I doubt they offer this.

Wind_FURY

legendary

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Quote from: Kakmakr on August 19, 2016, 01:52:26 AM

Quote from: YIz on August 18, 2016, 11:47:02 PM

Blockchain.info requires SMS verification before logging in, that is some sort of 2FA.

They need to extend it to the sending of Bitcoins too, but if the 2FA was bypassed or compromised at login, no form of 2FA will help, when transactions are being send. You might link that to another mobile phone to strengthen the 2FA, if you want double protection.

In some countries SiM swap & duplication is quite common, so this is not 100% bulletproof.

I do not see how most of us would be needing such security measures. I see that most of the people in this thread are signature campaigners and newbies with less than one BTC in their wallets. No hacker will waste time and effort on our wallets. Cheesy

smho_16

sr. member

Activity: 420

Merit: 250

Almost all if not all of the online wallets offer such opportunity because they had to suffer the most number of hacks and steals of users bitcoin before taking such measures. Nowadays these wallets have done a lot toward security yet they still remain online wallets and they have high risk when you put your coin there. Some hacker can hack their database and be rich with all of the bitcoin addresses and private keys there. Even blockchain says that it decrypt your wallet in your browser through node.js the node.js is not the safe as I know that is related to Java which has a lot of vulnerabilities.

X-ray

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Quote from: SmartIphone on August 20, 2016, 09:21:10 AM

Quote from: RealBuyer on August 19, 2016, 08:36:44 PM

Quote from: SmartIphone on August 19, 2016, 02:37:09 PM

Quote from: RealBuyer on August 18, 2016, 11:37:21 PM

I will like to know secured online wallets that require 2fa before sending btc.

Coinbase offers this kind of feature, you can specify in which situations you require 2FA.
For example:

Code:

Require verification code to send:

Any amount of bitcoin or ethereum — Most secure
Over 1.2000 BTC (64.3087 ETH) per day
Never — Least secure

Thanks but coinbase bans your account if used for gambling. Do you know any other wallet with this feature

If they ban your accounts do you have still access to you bitcoins or you should forget about the bitcoins there?
I haven't seen any other wallet which has the 2FA implemented when sending bitcoin.

i guess the acount will be locked and so does with the balance inside of the account,the only way is to contacti coinbase's support to get your funds back,that's why using coinbase is such a bad thing,even the bitcoin is your own,you can't have full control

Topic: What secure wallets needs 2fa before sending (Read 2073 times)