« Back to Glossary Index

Two Factor Authentication or 2FA is a method of access that requires two varied forms of authentication. Simply stated, as soon as you enter your account’s password, you will be prompted to enter another secret piece of information or security code that verifies you against the account. This common feature is available on several cryptocurrency exchanges, where apart from setting a secured password, people can possess an additional means of acquiring access to their hot wallet/hot storage or their account.

« Back to Glossary Index

Check Also


Ankr Hack: Company Asks To Halt Trading Immediately

The Ankr hack has finally been confirmed. The Web3 infrastructure platform, Ankr, was targeted with …

AdBlock Detected

Looks like you are using an ad-blocking browser extension. We request you to whitelist our website on the ad-blocking extension and refresh your browser to view the content.