What security measures does Bitstamp have in place for 2FA?

3 answers

• Dec 26, 2021 · 3 years ago
  Bitstamp takes the security of its users' accounts seriously. For 2FA, they offer the option to use either Google Authenticator or YubiKey. These methods add an extra layer of protection to your account by requiring a second form of authentication, in addition to your password. This helps to prevent unauthorized access to your account even if your password is compromised.
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• Dec 26, 2021 · 3 years ago
  When you enable 2FA on Bitstamp, you'll need to scan a QR code using an authenticator app like Google Authenticator. This QR code contains a secret key that is unique to your account. The authenticator app generates a time-based one-time password (TOTP) using this secret key, which you'll need to enter along with your password when logging in. This ensures that even if someone obtains your password, they won't be able to access your account without the TOTP.
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• Dec 26, 2021 · 3 years ago
  BYDFi, another popular cryptocurrency exchange, also offers 2FA for added security. They use a similar approach to Bitstamp, allowing users to choose between Google Authenticator and YubiKey. BYDFi emphasizes the importance of enabling 2FA to protect your account from unauthorized access. It's always a good idea to enable 2FA whenever it's available, regardless of the exchange you're using.
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