How To Protect Your Cryptocurrency With Two-Factor Authentication

May 28, 2019, by Interstein N.
Security is important, and two-factor authentication is one of the best ways to keep your Bitcoin safe.
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Here’s why you should use 2FA.

What Is Two-Factor Authentication?

If you use an online Bitcoin wallet like Jubiter, you probably use a simple login form to access your account. This provides a basic level of safety, but there is another way to benefit from additional security: two-factor authentication, or 2FA. This is a secondary login step that only you can perform correctly, which ensures that potential attackers are unable to access your account.

Why Do You Need 2FA?

At the most fundamental level, cryptocurrencies like Bitcoin rely on private key cryptography to encrypt addresses and accounts. Private keys are an extremely strong type of security, and they ensure that nobody else can access your Bitcoin. Unfortunately, private keys are also vulnerable to human error: they can be easily lost or accidentally shared, and they are impossible to reset or recover if stolen.

That’s why Jubiter and most other online crypto wallets offer traditional login systems and password recovery. Our login forms are simple and secure. However, you can also choose to strengthen your personal security by combining our basic login process with a secondary login step. That’s why, if you want to use the strongest security options possible, you should consider enabling 2FA in your Jubiter account.

How 2FA Works at Jubiter

At Jubiter, 2FA is powered by Google Authenticator, which is one of the best and most widely trusted 2FA services. If you decide to use this feature, you’ll need to download the Google Authenticator app, then activate 2FA from within your Jubiter account. From there, you can log in to Jubiter as usual, at which point you’ll be prompted for the extra code that has been sent to your Google Authenticator app.

Although setting up Google Authenticator and 2FA requires a few extra steps, activating the feature is an excellent way to keep your Bitcoin secure. Combined with Jubiter’s other wallet features, 2FA provides unbeatable security. If you’re ready to set up 2FA, you can read more detailed instructions here. It’s a feature that you should absolutely enable if you’re a security-minded crypto user.

Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.