It is nearly impossible to be without 2FA in this day and age. With all the identity thefts going on and criminals stealing your personal details, you need to be vigilant and know how to protect yourself. Learning about 2FA will save you lots of pain.
When you ask people what is 2-factor authentication, they probably cannot answer you. Because they will not know what it is or know how it works, even though some of them use it every day.
It has become very easy for a criminal to steal your identity and financial details on the internet when you use a standard username and password. So you need extra protection.
2FA means that you will need 3 things to log into your account:
This is an extra layer of security also known as multi-factor authentication or a “one time pin” (OTP) method. 2FA logins need not only a password and username but also something only the user will have access to. Information that they know or have immediately on hand. The username, password and the app generated pin together, will make it harder for intruders to gain access and steal your data or identity.
A 2FA App like google authenticator works just like the bank sending you and OTP when you log in to internet banking. The only difference is that you generate the code with an App on your phone.
When you use 2-factor authentication it helps to lower the number of cases of identity theft on the internet and phishing via email as the criminals would need more than just the password and username.
Your iceCUBED account already has two-factor authentication as a feature. When it is set up, it adds extra security to your account. Furthermore, when someone gets your password they still can not log into your account without the security code that is generated by your cell phone.
Well done you have set up your 2FA.
This means that everytime you login to your iceCUBED account you just insert your email and password as usual and then open your ‘Google Authenticator’ App and enter the 6 digit PIN that displays on your phone.
The PIN Number will be different every time you log in.
Taking care of your online profile is easy once you get used to it. Learning to use 2-factor authentication is quick and you can make a copy of your 2FA master codes. You can then save these 2fa master codes, somewhere only you have access to.
Please watch the following video also explaining 2-Factor Authentication:
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This article is intended to educate and should in no way be seen as investment advice or an enticement to use the ice3x.com platform. Bitcoin is highly volatile with big profit opportunities but you should also remember that you could lose part or all of your investment whenever you take part in any high risk investment. Bitcoin trading is not a regulated industry in South Africa, which in itself carries additional risks. IF YOU ARE NOT AN ASTUTE BITCOIN TRADER, SEEK INDEPENDENT FINANCIAL ADVICE BEFORE MAKING ANY INVESTMENTS.