Important Tips To Secure Your Crypto Holding: The Use Of 2FA #010

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Hello great minds,

It is with a happy heart that I humbly 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 as usual.

Today, without wasting much time, we shall proceed to our main topic of discourse today, please tag along.

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BENEFITS OF SMS TWO FACTOR AUTHENTICATION

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There are several benefits as I have always said associated with the use of sms two factor authentication as an extra layer of security and we shall be discussing them today.

• QUICK SETUP

One benefit of an sms two factor authentication is what we have mention, the ease at which it can be set up.

Being quick to set up is an advantage because sms setup process is a straight forward user friendly process.

For a user to set up his mobile number for sms two factor authentication, all he is required to do is to input his password in the needed location and he is good to go, his account has been set up.

One factor that makes the sms two factor authentication easy to set up is that every material needed for the set up is within our reach.

Almost every individual has made use of a mobile device with a mobile number, and as such it is not hard for it's materials to be accessed.

• IMMEDIATE ALERTS:

Another benefit of sms two factor authentication is that a user receives alert very quickly.

This immediate alert feature of sms two factor authentication is very important in enhancing security.

When a person's account is being tampered with, he will be notified immediately and because it is through sms, he will receive the notification quickly, and then proceed to stop all illegal activities on his account.

Another reason this feature is great is because it aids quick transactions.

The sms two factor authentication is not like other security measures that is time consuming and tiring, the use of sms two factor authentication is very swiftly and aids swift transactions.

• MITIGATION OF CREDENTIAL STUFFING:

Another benefit of sms two factor authentication is that it plays a huge role in mitigating credential stuffing.

When a user's credentials for an account is stolen, the hacker doesn't still have access to the account, unless he gets the code from the user's sms.

This implies that the sms two factor authentication as an extra layer of security has helped in protecting a user's account against attack, even after some credentials have been stolen.

Also, if a user's details is stolen, the hacker cannot fully make use of this details in a user's account because he will constantly need the code from the user's sms.

• VERSATILITY:

Versatility is another advantage of sms two factor authentication.

It is an advantage in the sense that it is not only used for account access, it can also be used for other activities in a user's account.

For example, the sms two factor authentication can be used for the facilitation of financial transactions.

Top exchanges like binance makes use of sms two factor authentication for both account access and transaction verification.

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CONCLUSION

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We have considered very interesting benefits of sms two factor authentication today.

We have seen how it is used for different operations, and in our next discussion, we shall learn more security measures