Can 2FA mitigate exchange risk?

in #cryptocurrency7 years ago

Hey guys,

I know everyone says keep your cryptocurrency in your own controlled wallets. Legislation changes aside, do you think your cryptocurrency is safe on an exchange with full 2FA switched on and required for login, trades, withdrawals, etc?

If an exchange was hacked surely they wouldn't be able to commit any changes if they didn't have your 2FA?

Bit of a crypto noob so please be kind...

Original Reddit Post

Sort:  

Congratulations @tomhillman! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!