How does otpauth //totp/ protect against unauthorized access to my digital currency?

3 answers

• Nov 28, 2021 · 3 years ago
  otpauth //totp/ is a two-factor authentication method that adds an extra layer of security to your digital currency accounts. It works by generating a time-based one-time password (TOTP) that you need to enter along with your regular password when logging in. This means that even if someone manages to obtain your password, they won't be able to access your account without the TOTP. It provides protection against unauthorized access by requiring both something you know (your password) and something you have (your TOTP). This makes it much more difficult for hackers to gain access to your digital currency.
  611306
• Nov 28, 2021 · 3 years ago
  otpauth //totp/ is like having a bouncer at the entrance of a nightclub. It checks your ID (password) and also asks for a secret code (TOTP) that changes every few seconds. Without the secret code, you can't get in. This extra layer of security helps prevent unauthorized access to your digital currency, keeping your funds safe from hackers and other malicious actors.
  369123
• Nov 28, 2021 · 3 years ago
  otpauth //totp/ is a widely used method to protect digital currency accounts from unauthorized access. It adds an additional step to the login process, requiring users to enter a unique code generated by a mobile app or a physical device. This code changes every 30 seconds, making it extremely difficult for hackers to gain access to your account. By implementing otpauth //totp/, digital currency exchanges like BYDFi ensure that only authorized users can access their accounts, providing peace of mind to their customers.
  524131