![]() ![]() Mainly because it is possible for hackers to gain access to the exchange account through the email you signed up with. There are many examples of why you should add 2FA to not just your exchange account, but to your email and other online accounts as well. However, what’s not usually taught is the fact that nearly every account you own, from social media services to email, should ideally be locked with 2FA, even if you don’t own cryptocurrencies. ![]() A great majority of exchanges nowadays also enforce the use of 2FA. Typically when you sign up for an exchange, you should add 2FA to the account right away for extra security. The authenticator is usually on a secondary device like a mobile phone or a USB key.Įven if you don’t own cryptocurrencies, using 2FA to secure your online life is good practice. For example, if 2FA is applied to a cryptocurrency exchange account you would need to log in with your username and password, but you will also need to enter a 2FA authentication PIN. 2FA is a subset of multi-factor authentication (MFA), a system that requires the use of two different factors to unlock a combination. The cryptocurrency community is all about advocating proper security techniques, and two-factor authentication (2FA) is one method that’s taught first and foremost to newcomers. Security is of utmost importance when it comes to storing cryptocurrency in an online wallet and 2FA adds another layer of protection over and above a strong password. One way to keep your crypto secure online is by using two-factor authentication (2FA). Security is of utmost importance when it comes to storing cryptocurrency in an online wall.Īfter obtaining your first bitcoins on an exchange, you’ll want to keep them safe, even if the funds are only sitting there temporarily. ![]() After obtaining your first bitcoins on an exchange, you’ll want to keep them safe, even if the funds are only sitting there temporarily. ![]()
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