If you’re a Coinbase user, you may have noticed the introduction of a new security feature: Two-Step Verification. This added security measure requires you to enter a unique code in addition to your password when logging in or when making certain account changes.
The code is generated by an authenticator app, such as Authy, Google Authenticator, or LastPass Authenticator, and is unique to your Coinbase account. In this article, we’ll show you how to set up Two-Step Verification on your Coinbase account.
When Two-Step Verification is enabled, any attempt to log in to your account or make changes to it will require both your password and the unique code generated by your authenticator app. This means that even if someone manages to obtain your password, they won’t be able to access your account unless they also have your phone (or another device with the authenticator app installed).
Enabling Two-Step Verification is a simple process that only takes a few minutes. First, log in to your Coinbase account and navigate to the Security page.
Next, scroll down to the Two-Step Verification section and click the “Enable” button.
You will then be prompted to enter your phone number. Coinbase will send a verification code via SMS to this number.
Enter the code on the next screen and click “Verify.”.
Once your phone number has been verified, you’ll need to set up an authenticator app on your device. We recommend using Authy, as it offers a few features that other apps don’t (like the ability to backup and restore codes if you lose your phone).
However, any of the supported apps will work fine.
Once you’ve installed the authenticator app of your choice, open it and add a new account using the QR code provided on the Coinbase screen (or by manually entering the secret key). Once you’ve done this, the app will generate a unique 6-digit code that changes every 30 seconds.
Enter this code on the Coinbase screen and click “Verify & Enable.” That’s it! You’ve now successfully enabled Two-Step Verification on your Coinbase account.
Two-Step Verification is an important security measure that we recommend all Coinbase users enable. It’s quick and easy to set up, and it significantly increases the security of your account by requiring someone to have both your password and access to your phone (or another device with the authenticator app) in order to log in or make changes.