In many cases, this will be a smartphone using SMS or an authentication app such as Authy or Google Authenticator, but it can be anything from a digital ID card to biometric data like a fingerprint or iris scan. Put simply, 2FA requires information from an additional linked device in order to allow access to the account or device in question. These devices provide the advantage of locally-stored wallet data while ensuring only the individual with both the PIN (sometimes, an extra password) and physical possession of the device can gain access.ĢFA is present in many of the apps we use today and has become virtually standard for applications dealing with finance. In other words, all the sensitive data that gives you control over your funds is restricted to the device itself and never leaves it, which makes hardware wallets the most secure way to store large amounts of crypto. They require you to confirm the spending of your funds on the device itself and have the device on hand. They do not disclose your secret 12-word secret recovery phrase or your private keys to your computer. Hardware wallets are immune to malware and viruses.
The security of Trezor, combined with the design of Exodus, makes advanced security easy and accessible to even the newest users. This maintains our ethos of putting you in direct control of your wealth and avoids being subject to third-party approval to access your funds. To address the security concerns raised by customers requesting 2FA, we went a step further and implemented support for hardware wallets by partnering with Trezor.
This article focuses on traditional 2FA, why it doesn't work with local apps like Exodus, and our approach to solving this.
While it may seem like a simple (and obvious) security addition, it is not feasible to implement traditional 2FA in non-custodial wallets like Exodus. This is a well-known and popular security feature used by websites and web-based apps. Out of all the exciting feature requests, one of the most highly requested is the addition of two-factor authentication or 2FA.
#Authy desktop offline full#
This allows you to retain full control over your funds without relying on third-party approval.Īt Exodus, we strive to provide a simple, secure method for storing and using our in-app exchange feature of your crypto assets. Exodus supports additional protection of your funds with a hardware wallet.
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