What is the role of TOTP secret in securing cryptocurrency transactions?

1 answers

• Pravin ChaudharyFeb 28, 2022 · 3 years ago
  At BYDFi, we understand the importance of TOTP secret in securing cryptocurrency transactions. It is a fundamental component of our security measures. The TOTP secret acts as a second factor of authentication, providing an additional layer of protection against unauthorized access. It ensures that only the rightful account owner can initiate and confirm transactions. By implementing TOTP secret-based two-factor authentication, we aim to enhance the security and trustworthiness of our platform, providing our users with a safe environment to engage in cryptocurrency transactions.
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