CEX.IO News

CEX.IO strongly recommends Two-Factor Authentication

, February 11, 2014

On February 11th, 2014, CEX.IO Bitcoin Exchange implemented a phone verification feature with the Two-Factor Authentication. The decision to introduce this system aims to strengthen CEX.IO security system in general and increase safety of each member of CEX.IO continuously growing user base.

CEX.IO team believes that 2FA would significantly reduce online fraud occurrence, because users’ accounts will be secured not only with provided passwords, but also with additional pieces of information, which only users are informed about.

In order to pass 2FA, users are free to choose from two applications — Google Authenticator and Authy. Moreover, CEX.IO made a step towards unification of all users enabling 2FA not only for smartphone owners, but also for those, who use simple cell phones. Thus, people can either use up-to-date 2FA software or simply get a text or an audio message containing respective authorisation code.

Jeffrey Smith, CEX.IO Chief Information Officer, comments:

Users’ security and privacy are of the highest concern for us, especially since our platform deals with financial operations. Therefore, we instantly take measures on raising safeguard level at CEX.IO by means of introducing new security features, such as the Two-Factor Authentication, and informing our users about the ways of keeping their accounts safe from unauthorised access.

About CEX.IO:

CEX.IO is a Bitcoin Exchange, which has shared credentials with GHash.IO mining pool. This scheme allows users to trade Bitcoin mining power (GigaHashes per second) and mine Bitcoins simultaneously. Alternative crypto currencies, such as Litecoins and Namecoins also stand for trading at CEX.IO.

Related

CEX.IO News Opinions

Opinion: Viewing Bitcoin and Ethereum as Competitors is Fundamentally Wrong

The roots of Bitcoin and Ethereum work in tandem, reacting to each other, while competitive relationships require one to fail over the other.

Dec 20, 2021 | 12 min read
CEX.IO News

CEX.IO Launches Donation Page to Support Humanitarian Relief In Ukraine

Visit our website, select “Help Ukraine” from the top navigation menu, and learn you can make an immediate difference with your crypto donation.

Jun 28, 2022 | 3 min read
CEX.IO News

The Experiment 2.0: First 9 Days

What cryptocurrency trading and weight management have in common? Trader’s physiology and spiritualism. And what can bring a grown trader to tears? Read the first synopsis of the Experiment 2.0 to find out.

Nov 25, 2020 | 34 min read