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What type of authenticator does Coinbase employ to protect digital currency transactions?

avatarSimplice.DDec 25, 2021 · 3 years ago3 answers

Can you provide details on the type of authenticator that Coinbase uses to ensure the security of digital currency transactions?

What type of authenticator does Coinbase employ to protect digital currency transactions?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Coinbase employs a two-factor authentication (2FA) system to protect digital currency transactions. This means that in addition to entering a password, users are required to provide a second form of verification, such as a unique code sent to their mobile device, to access their accounts. This adds an extra layer of security and helps prevent unauthorized access.
  • avatarDec 25, 2021 · 3 years ago
    To protect digital currency transactions, Coinbase uses a time-based one-time password (TOTP) authenticator. This means that users need to enter a unique code generated by an app like Google Authenticator or Authy, which changes every 30 seconds. This ensures that even if someone obtains a user's password, they would still need the time-sensitive code to access the account.
  • avatarDec 25, 2021 · 3 years ago
    When it comes to protecting digital currency transactions, Coinbase takes security very seriously. They employ a robust two-factor authentication system that requires users to provide a second form of verification, such as a code sent to their mobile device, in addition to their password. This helps ensure that only authorized individuals can access and transact with their digital currencies. As a leading cryptocurrency exchange, Coinbase understands the importance of keeping user funds safe and secure.