Securing your Bitcoin Wallet: A Guide to 2-Factor Authentication

May 27, 2021 | AtoZ MarketsThe world is an increasingly connected place. People who are hundreds of miles away can be an integral part of our day just like someone that’s physically close, and we can purchase anything from a far-flung location as easily as buying something from the corner store down the street. For this reason, having security in mind is paramount. 2-factor authentication allows for an extra layer of security when carrying out transactions, giving that extra peace of mind.

What is Two-Factor Authentication (2FA)?

So, let’s start with the basics. First, Two Factor Authentication or 2FA is a process through which a user can gain access to an online service or platform. Moreover, you will be able to access it only after successfully completing two different entry points. We typically access our personal profile on an app, platform, or service through the username and password format. Furthermore, the best recommendation is to create a strong password to ensure that your information and data are secure. However, there is still only one gateway between your information and access to it.

On the other hand, a 2FA process takes things a step further. Apart from requiring you to input a correct password, a 2FA set-up will require you to prove that you are the rightful owner of that account too.

How is this done?

There are different options within this context. Some of the most common options include a physical token, a security key, or an app that generates a code that is inputted as part of the logging-in process.

Why Is the 2FA Process Important?

The 2FA process is an important part because password-only access depends largely on the strength of the password used. Adding an extra layer of security ensures that our users and their accounts are always protected.

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2-FA & Zeply

The 2FA process is an important part of the Zeply security framework. First and foremost, we believe that there is no room for half-baked security measures currently. Users can buy bitcoin with complete peace of mind knowing that Zeply has integrated industry-leading safety features. Thanks to the 2FA feature, the security level is not only reliant on the strength of the password but also on an additional code that is sent to you via SMS. The completion of this additional feature ensures that you are the rightful owner of the crypto wallet.

Want to know more, check out this easy-to-follow video guide!

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