If you’re like most people, you probably use your phone for just about everything. From checking the time to keeping up with your social media feeds, our phones are essential tools in our everyday lives.
So it’s no surprise that more and more people are using them for managing their cryptocurrencies as well.
Coinbase is one of the most popular cryptocurrency exchanges and allows you to buy, sell, and store your coins all in one place. While it’s a great platform, it can be a little tricky to use at first.
One of the things you’ll need to do is set up two-factor authentication (2FA) for extra security. This will require you to input an Authenticator Code, which you can generate using an app on your phone.
If you’re not sure how to set up 2FA or get your Coinbase Authenticator Code, don’t worry! We’ve got you covered.
What is Two-Factor Authentication?
Two-factor authentication (2FA) is an extra layer of security that can be added to your online accounts. It works by requiring you to input not just your password but also a second piece of information before you’re able to login.
This second piece of information is typically a code that’s generated by an app on your phone.
So even if someone knows your password, they won’t be able to login to your account unless they also have access to your phone. This makes it much harder for someone to hack into your account.
Why Should I Use Two-Factor Authentication?
Cryptocurrencies are becoming more popular and valuable, which means that they’re also becoming more of a Target for hackers. If someone is able to gain access to your Coinbase account, they could easily steal all of your coins.
That’s why it’s important to take steps to protect your account, and 2FA is one of the best ways to do this.
In addition to making it harder for hackers to break into your account, 2FA can also help deter phishing attacks. Phishing attacks are when someone tries to trick you into giving them your login information by pretending to be a legitimate website or service.
If you enable 2FA, then even if someone does manage to get your password, they still won’t be able to login unless they have access to your phone as well.
How Do I Set Up Two-Factor Authentication?
If you’re ready to add 2FA to your Coinbase account, the first thing you’ll need is a phone that can generate Authenticator Codes. Almost any smartphone will work, but we recommend using an iPhone or Android device since they’re the most popular options. Once you have a compatible phone, follow these steps:
1) Download an Authenticator App: There are several different Authenticator Apps available, but we recommend using Google Authenticator or Authy. These apps are free and easy-to-use, so they’re a great option for beginners.
Once you’ve downloaded the app on your phone, open it up and create an account.
2) Set Up Two-Factor Authentication: Now it’s time to enable 2FA on Coinbase. Log in to your Coinbase account and navigate to the Security tab. Under Two-Factor Authentication, click EnableAuthenticator App’.
You’ll then be prompted to scan a QR code or enter a code provided by Coinbase into your Authenticator App. Once you’ve done this, the app will generate a 6-digit code that will change every 30 seconds.