What is Two Factor Authentication (2FA)?
Two-Factor Authentication (2FA) provides an extra layer of security to the online platforms or sites that you use. The first step of an account’s authentication is usually done via a username and password. After that, the 2FA app you use will create a randomly generated code for you to enter. This code generally changes every 30 seconds to prevent personal mishaps.
Why do I need it?
The use of online platforms and websites has become an everyday necessity. Any cyber attacks or hacks on your account could potentially cost you a fortune in funds of the theft of your identity. Sophisticated cyber attacks are carried out every day; from ransomware attacks to romance scams. The fallibility of passwords cannot be overstated. Hence, there is an urgent need to protect your personal accounts with an extra layer of security.
How do I set it up?
Download a 2FA application of your choice (we recommend Authy). Scan the QR code, or enter the numerical code provided by the website or application (e.g. Binance). Then you are good to go. Each time after you log in with your user name and password, you will be required to enter the random code from your 2FA app to gain access to the account. This adds an extra layer of security that is vital to protect your cryptocurrencies.