How does 3D Secure verification work in the context of cryptocurrency transactions?

5 answers

• AnkusAug 03, 2024 · a year ago
  Sure! When it comes to cryptocurrency transactions, 3D Secure verification adds an extra layer of security to ensure that the transaction is authorized by the cardholder. This process involves the cardholder being redirected to their card issuer's website, where they are prompted to enter a password or a one-time code to complete the transaction. This verification step helps protect against unauthorized use of the card and provides an additional level of confidence for both the buyer and the seller.
  504

  252
• Manraj GurjarJul 25, 2020 · 5 years ago
  3D Secure verification in cryptocurrency transactions works similarly to traditional online transactions. When a user initiates a transaction, they are redirected to their card issuer's website, where they are prompted to enter a password or a one-time code. This verification step adds an extra layer of security and helps prevent fraudulent transactions. It's important to note that the specific implementation of 3D Secure may vary depending on the card issuer and the cryptocurrency exchange being used.
  507

  169
• Henning NordholzNov 24, 2021 · 4 years ago
  BYDFi, a popular cryptocurrency exchange, implements 3D Secure verification to ensure the security of transactions. When a user makes a cryptocurrency transaction, they are redirected to their card issuer's website, where they need to enter a password or a one-time code to complete the verification process. This additional layer of security helps protect against unauthorized use of the card and provides peace of mind for both the buyer and the seller. It's great to see exchanges like BYDFi prioritizing security in cryptocurrency transactions.
  548

  137
• Brittany WilliamsDec 20, 2022 · 3 years ago
  The 3D Secure verification process in cryptocurrency transactions is designed to add an extra layer of security. When a user initiates a transaction, they are redirected to their card issuer's website, where they need to enter a password or a one-time code to complete the verification. This process helps prevent unauthorized use of the card and provides added protection for both the buyer and the seller. It's important to note that different cryptocurrency exchanges may have varying implementations of 3D Secure, so it's always a good idea to familiarize yourself with the specific process used by the exchange you're using.
  629

  126
• Sofia MelnykFeb 21, 2025 · 5 months ago
  3D Secure verification is an important security measure in cryptocurrency transactions. When a user makes a transaction, they are redirected to their card issuer's website, where they need to enter a password or a one-time code to complete the verification process. This additional step helps prevent unauthorized use of the card and adds an extra layer of protection for both parties involved in the transaction. It's great to see the cryptocurrency industry taking steps to enhance security and protect users from potential fraud.
  532

  89