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

Why CEX.IO Savings may earn you more than other, similar services

Imagine a user who joined a platform to accumulate more crypto. They saw a big and shiny number of a high annual percentage yield (APY), which inspired the user to deposit a large amount of funds. Over time, the user decided to check earned rewards, and calculate their real

Jan 26, 2023 | 6 min read
CEX.IO News

CEX.IO Celebrates Nine Years with Birthday Trading Competition Worth $9,999

We’re celebrating 9 years of CEX.IO with a special trading competition and a $9,999 prize pool. Register and trade between July 4 – 17 for a chance to win!

Jul 07, 2022 | 7 min read
CEX.IO News

Use Fast Bank Transfers, Get 1%+1% Bonus

On August 2, we relaunched wire payments for users of CEX.IO. While re-enabling bank transfers, we also introduced a bonus campaign to reward users who make wire deposits to CEX.IO. Since the campaign was launched, our customers have shown increasing interest in our bonus program. And many of them

Aug 23, 2018 | 3 min read