Log into your Google account and enable two-step authentication.You need a gmail account to use Google Authenticator. Create a Gmail account with another device.If you haven’t already, secure your device with a password. You can find the app here for iPhone and here for Android devices. Using more than one device means you have a backup in case one of them is lost or stolen. Download Google Authenticator on one or more devices.
They would have to have your phone, as well as the passcode to open it, in order to access your account.Įven if someone were to jack your SIM card and gain access to all of its data, you’re still protected with Google Authenticator because this two-factor authentication method doesn’t allow codes to be stored on your SIM card. When a hacker, armed with your crypto account login info, tries to get into your account, they are prompted to enter a code that is sent to your phone. Let’s say you have the app installed on your phone. The Google Authenticator app is installed on one or more of them, and a code is sent to the device via the app. Now, please prove that it’s really you.” This is done using one of your personal devices. When you try to login, Google Authenticator essentially says, “That’s nice you know your username and password. Now, let’s see how Google Authenticator makes it so much harder for a hacker – even one with full access to usernames and passwords – to successfully access your account. If a hacker has somehow gotten ahold of your login credentials for a crypto exchange account (via a phishing email for example), all they have to do is go to the exchange’s website, enter your details, and steal your coins. Many digital asset exchanges only have one level of security, the username and password. Examining what it does to the process of a potential hacker may reveal even more benefits. If you’re wondering how to use Google Authenticator, you may have some idea as to its value. Why You Should Set Up Google Authenticator to Secure Your Crypto Exchange Accounts Google has a strong reputation for offering secure interactions with its suite of products, and the authenticator has become a staple of the security measures the internet giant offers customers. Google Authenticator is a helpful way of adding a level of security to your crypto exchange accounts. Using Google Authenticator for two-factor authentication would be an option. What can be done to secure your account in the unlikely event that hackers get your login info? The hack was successful because the hacker gained access to users’ login credentials. About $5 million of XRP and ADA was stolen. In mid-2019, Singapore-based Bitrue was hacked.