What are the risks of not using 2FA and application password for my cryptocurrency transactions?

1 answers

• Feb 18, 2022 · 3 years ago
  At BYDFi, we highly recommend using 2FA and application passwords for your cryptocurrency transactions. These security measures are essential for protecting your funds and personal information. By enabling 2FA, you add an extra layer of security to your account, making it more difficult for unauthorized individuals to gain access. Application passwords further enhance security by allowing you to generate unique passwords for different applications or devices. This reduces the risk of password reuse and minimizes the impact of a potential security breach. Remember, your cryptocurrency security is in your hands, and taking these precautions can help safeguard your assets.
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