Important Tips To Secure Your Crypto Holding: The Use Of 2FA #003

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Hello great minds,

It is a wonderful opportunity to come before you all today to discuss on an issue of great importance in the cryptospace.

I trust you are all doing perfectly fine and are enjoying your activities in the community today.

I am also sure we are all actively promoting steemit in our various platfoms, more especially twitter platform.

In our last discussion, we learnt about SMS 2FA authentication, the method of operation of sms authentication and today, we shall be learning about the purpose of sms 2fa, please stay along as we examine this.

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PURPOSE OF SMS TWO FACTOR AUTHENTICATION

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There are different purposes of sms two factor authentication in the realm of digital security and there will be discussed below:

• ENHANCED SECURITY:

SMS 2FA adds an extra layer of security to a person wallet by requiring it's users to posses not only the knowledge of their password but also physical access to their mobile phone.

SMS 2FA helps to enhance security by making it increasingly difficult for unauthorized users to access users wallet, as the code is only being sent to a user's mobile number.

The only time an unauthorized user can have access to a user's assets is when such users has access to a user's mobile phone number.

And by keeping it safe, it protects your assets from unauthorized access.

• MITIGATION OF PASSWORD VULNERABILITY:

Passwords are vulnerable to theft, phishing attack, force attack and other cyber attack.

Recall that the SMS 2fa is mostly organized by centralized exchanges, and centralized exchanges are in control of a user's keys.

When this is breached/attacked, the sms authentication acts as an extra layer of security, thus mitigating the vulnerability of passwords.

The sms authentication helps to act as an extra backup incase the use of password fails or gets breached.

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CONCLUSION

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Two factor authentication is very important when it comes to security of a user's wallet.

And wr have discussed about SMS two factor authentication and it's purposes in the cryptospace.

Kindly continue with us and we shall examine more about sms two factor authentication, please stay tuned.