At Coinhako, your security is of utmost importance to us.
With sophisticated cybercrimes on the rise, we are taking steps to bring our security practices up a notch for our users to enjoy a peace of mind when they store their tokens with us. This also aligns with ongoing efforts in the wider financial market to ramp up cybersecurity measures.
All Coinhako users will be required to enable two-factor authentication (2FA) before making any crypto or fiat withdrawals.
What is Two-Factor-Authentication(2FA)?
Increase your account security by ✌️‘two-fold’ when you enable your 2FA.
Two-factor authentication (2FA) is a cybersecurity best practice that is widely used across financial platforms to help mitigate unwanted account and fund access by providing an additional layer of authentication on top of your password(s).
Like its name suggests, it requires a secondary piece of information for authentication, before a user can access any online platforms, data or information that is protected by 2FA.
At Coinhako, 2FA ‘doubles’ the resilience of your account against cybercrimes and fraud.
How can I set up 2FA on Coinhako?
Setting up 2FA on Coinhako is an easy and seamless process.
What if I don’t enable 2FA ?
Your tokens and funds will not be affected, and your Coinhako account will still be there.
You will still have access to your Coinhako account, but fiat and crypto withdrawals can only be completed with 2FA. This might possibly extend to more features further down the line as we look to further improve your experience on Coinhako.
Is Coinhako in some kind of trouble?
Absolutely not. This update comes as a precautionary measure, in line with many of the initiatives taken by financial platforms to augment cyber resilience.
We value each and every user and want to provide the best trading experience possible for you. Securing your Coinhako account with 2FA will definitely go a long way in protecting your tokens and funds.
Thank you for trading with us, and we look forward to serving you for many years to come!
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All opinions expressed here by Coinhako.com are intended for educational purposes, taken from the research and experiences of the writers of the platform, and should not be taken as investment or financial advice.