Gryfyn
  • Welcome to Gryfyn!
  • Getting Started
    • How to create a Gryfyn account?
    • Where can I access Gryfyn?
    • What Networks and Assets do Gryfyn support?
  • Country of Residence
    • Why is your country of residence needed?
    • Which countries are not supported by Gryfyn?
  • Interacting with Decentralised Apps
    • How do I connect to a decentralised app (dApp) with Gryfyn?
    • What is WalletConnect?
    • What is signing?
  • Compliance
    • Why do I have to verify myself?
    • What if I want to remain anonymous?
    • Where are my personal data stored?
    • How do I verify myself?
  • Security
    • How do I setup 2FA?
    • Why is 2FA needed to send assets?
    • How can I reset my 2FA?
    • Is a Gryfyn wallet secure?
  • learn more
    • What is a private key?
    • What is blockchain?
    • What are the benefits of blockchain?
    • What is an NFT (non-fungible token)?
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  1. Security

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.

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Last updated 1 year ago