Two-factor authentication

A second check on top of your password

In detail

Two-factor authentication asks for something beyond the password, usually a code generated on the spot. Because a crypto transfer cannot be reversed, protecting the account carries more weight than elsewhere. Codes from an authenticator app are considered harder to steal than codes sent by SMS. Recovery codes are written down and kept somewhere separate.

Example

The common form is a 6-digit code that changes every 30 seconds.

Related terms

Read in the app (App Store)

For learning, not investment advice. Decisions are your own.

StockFit · TrueNorthLabs Inc.