Why is 2FA needed to send assets?

Two-factor authentication (2FA) is a security measure that adds an extra layer of protection to your wallet and helps to prevent unauthorized access to your funds.

When you want to withdraw assets from your wallet, 2FA is required to ensure that only you (the authorized user) can initiate the transaction. This helps to prevent hackers or other unauthorized persons from gaining access to your wallet and stealing your assets.

2FA is an important security measure for any type of digital asset storage, including cryptocurrency wallets, as it helps to protect against the risk of hacking, phishing, and other types of cyber attacks. By requiring multiple forms of identification, 2FA makes it much more difficult for unauthorized persons to access your funds, reducing the risk of loss or theft.

Last updated