Is it safe to use Google Authenticator for storing my private keys?

3 answers

• Dec 16, 2021 · 3 years ago
  Yes, Google Authenticator is generally considered to be a secure option for two-factor authentication. It generates time-based one-time passwords (TOTPs) that are only valid for a short period of time, making it difficult for hackers to intercept and use them. However, it's important to note that Google Authenticator is not designed to store private keys. Private keys should be stored in a secure wallet or hardware device specifically designed for that purpose.
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• Dec 16, 2021 · 3 years ago
  Using Google Authenticator for storing private keys is not recommended. While it provides an extra layer of security with two-factor authentication, it is primarily designed for generating time-based one-time passwords (TOTPs) and not for storing sensitive information like private keys. It's best to use a dedicated hardware wallet or a secure software wallet for storing your private keys to ensure maximum security.
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• Dec 16, 2021 · 3 years ago
  As a representative of BYDFi, I would advise against using Google Authenticator for storing private keys. While it can provide an additional layer of security for account access, it is not designed to securely store private keys. It's important to use a dedicated hardware wallet or a secure software wallet that is specifically designed for storing private keys. These wallets offer enhanced security features and are better suited for protecting your digital assets.
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