• Some users have recently had their accounts hijacked. It seems that the now defunct EVGA forums might have compromised your password there and seems many are using the same PW here. We would suggest you UPDATE YOUR PASSWORD and TURN ON 2FA for your account here to further secure it. None of the compromised accounts had 2FA turned on.
    Once you have enabled 2FA, your account will be updated soon to show a badge, letting other members know that you use 2FA to protect your account. This should be beneficial for everyone that uses FSFT.

Security for bitcoin accounts.

F

Fadingnight

n00b
Joined
Jan 16, 2017
Messages
4
Hi,

What are the benefits of using bitcoins in business? Does anyone know about it? I am hearing very high about using bitcoins especially for international trades to the Asian market.

I wish to know the security concern on using bitcoins. I heard a vlog that bitcoin accounts are prone to attacks from botnet malware http://www.storagepipe.com/blog/DDoS-Bitcoin-Brute-Force-Malware/ What are the preventative measures for that?

Are they any safer than other traditional online payment systems? Please share your suggestions and thoughts.
 
You can implement institutional MULTI-SIG custodian accounts, meaning multiple custodians who have to cosign approval of spends, each from their separate phones, laptops and/or hardware wallets. This assigns multiple passwords to the Bitcoin address (where the money is stored). You can take this further in software wallets like Copay by assigning secondary spend authorization codes, in addition to the aforementioned passwords.

https://www.ledgerwallet.com/products/3-ledger-hw-1
 
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