What is the purpose of Coinbase asking for two-step verification when creating API?
Claudia cirgDec 26, 2021 · 3 years ago3 answers
Why does Coinbase require two-step verification when creating an API? What is the purpose of this security measure?
3 answers
- Dec 26, 2021 · 3 years agoCoinbase requires two-step verification when creating an API to enhance the security of user accounts and protect against unauthorized access. By adding an extra layer of authentication, Coinbase ensures that only the account owner can generate and use an API key. This helps prevent malicious actors from gaining control of the API key and potentially causing harm to the user's account or funds.
- Dec 26, 2021 · 3 years agoThe purpose of Coinbase asking for two-step verification when creating an API is to provide an additional level of security. Two-step verification requires users to provide two forms of identification, typically a password and a unique code sent to their mobile device. This helps prevent unauthorized access to the API and adds an extra layer of protection to user accounts.
- Dec 26, 2021 · 3 years agoAt BYDFi, we also emphasize the importance of two-step verification when creating an API. It helps protect user accounts from unauthorized access and reduces the risk of API key theft. By requiring two-step verification, Coinbase and BYDFi prioritize the security of user funds and ensure that only authorized individuals can access and use the API key.
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