We show how to realize two-factor authentication for a Bit-coin wallet. To do so, we explain how to employ an ECDSA adaption of the two-party signature protocol by MacKenzie and Reiter (2004) in the context of Bitcoin and present a prototypic implementation of a Bitcoin wallet that offers both: two-factor authentication and verification over a separate channel. Since we use a smart phone as the second authentication factor, our solution can be used with hardware already available to most users and the user experience is quite similar to the existing online banking authentication methods.
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