What is the authenticator used by Coinbase for securing digital currencies?

3 answers

• Nov 29, 2021 · 3 years ago
  Coinbase uses a two-factor authentication (2FA) system to secure digital currencies. This means that in addition to a password, users are required to provide a second form of verification, which is usually a unique code generated by an authenticator app. The authenticator app generates time-based one-time passwords (TOTPs) that are valid for a short period of time. This adds an extra layer of security to the user's account, making it more difficult for unauthorized individuals to gain access.
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• Nov 29, 2021 · 3 years ago
  When it comes to securing digital currencies, Coinbase takes security very seriously. They have implemented a multi-layered security system, and the authenticator plays a crucial role in this. By requiring users to provide a unique code generated by an authenticator app, Coinbase ensures that even if someone manages to obtain a user's password, they still won't be able to access the account without the second form of verification. This helps protect users' digital assets from unauthorized access and potential theft.
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• Nov 29, 2021 · 3 years ago
  BYDFi, a leading digital currency exchange, also emphasizes the importance of using an authenticator for securing digital currencies. By implementing a two-factor authentication system, BYDFi ensures that users' accounts are protected from unauthorized access. The authenticator generates unique codes that are required along with the password to access the account. This adds an extra layer of security and helps prevent unauthorized individuals from gaining access to users' digital assets.
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