BitGo 2-Factor Authentication Set up is the only way to add an extra layer of security to your BitGo account online. Anytime we are looking for a Bitcoin company that first demands and seeks for two-factor authentication we should know it was BitGo. The main reason it was enacted is to make sure users’ accounts are highly secured and protected, apart from their password details. BitGo 2-Factor Authentication Set up – Protect & Secure Accounts.
The main goal of 2FA is to increase security over some simple passwords by enabling a second device to identify or clarify a user. Although there are many good forms of 2FA, the good popular features still remain as SMS. Two Factor authentication. SMS is very easy and fast to enable since everyone has a mobile phone and no app installation is really needed.
Another thing to know is that SMS is tied to your mobile phone, SMS also based and situated at 2FA is only as protected as your mobile phone. BitGo company has really done great in the lives of their customers. BitGo has become notice of dozens of new security threats or bugs: like that of phone hijacking. Cell carriers are not really securing users or customer accounts, and also people have come to understand how to trick the carriers into porting phone numbers to the attacker.
Anytime someone attacks, the attacker can get SMS-based 2FA, and also steal users Bitcoins The incidents are really rising, and increasing on a daily basis, of phone hijacking or attacking has also been witnessed Coinbase and also Kraken. Its also called 2 steps verification or multi-factor authentication.
Two Factor authentication will make sure such an attack is stopped and hindered. Some set of code will be asked anytime you are accessing or logging to the BitGo account with another device, the code will be sent during time you are enabling or setting up two-factor authentication from this step and guide.
BitGo is a popular digital asset company, and also a known security company. BitGo headquarter is situated and located in Palo Alto, California USA. It was founded and enacted in the year 2013 by American computer wizard Mike Belshe including Ben Davenport. BitGo offers and gives services like multi-signature bitcoin wallet service, it has to do with keys are shared among a number of owners to manage or takes risks.
Generally, the BitGo wallets have nice and popular three keys: one that is owned by BitGo, and another held by the wallet’s owner. The company wallets can be configured and set up in hot and cold platform also non-custodial, custodial configurations.
How to Set up Two Factor Authentication on BitGo Account
- Go or connect to your account with normal information, email address, and password. https://app.bitgo.com/login.
- Put 2FA code you will have gotten on your mobile phone.
- Tap on the plus sign which is close to “Holdings Secured with BitGo.”
- You can now choose your wallet.
- Generate a strong passcode.
- Tap on “Save a Backup” to create your KeyCard.
- Put the Activation Code on BitGo KeyCard which you saved. Put the passcode you generated for that wallet.
For more information on this, go to https://blog.bitgo.com/bitgo-phasing-out-sms-based-2-factor-authentication-96db16fdd63a
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