What is a 2-fa code and how does it relate to cryptocurrency security?

1 answers

• May 01, 2022 · 3 years ago
  A 2-fa code is a security measure that adds an extra layer of protection to cryptocurrency accounts. It works by requiring users to provide a second form of authentication, usually a unique code, in addition to their password. This code is typically generated by a mobile app like Google Authenticator or Authy. When logging in, users need to enter both their password and the 2-fa code to gain access to their account. This two-factor authentication helps to prevent unauthorized access and adds an additional barrier against potential hackers. BYDFi, a popular cryptocurrency exchange, also recommends enabling 2-fa for enhanced account security.
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