Why setting up 2FA is important?
With Bitcoin’s expotential rise along with other altcoins, it has become a target for many hackers & scammers around the world.
One popular case is the WannaCry incident where the hackers launch a massive cyberattack across >100 countries, infecting computers with malware that demanded ransom payments in Bitcoin.
Another recent case is the Engima Coin incident where the unscrupulous hackers compromised the servers (email, website, Slack) of the online currency platform Enigma. They then sent a fraud message to would-be investors that Pre-sale has started and successfully duped investors out of almost US$500,000.
As such, since crpyto-currency is pretty much an ‘investment in the online world’; we as investors (traders) need to know how to safeguard ourselves against such risks.
Read more: http://www.smallcapasia.com/should-you-invest-in-cryptocurrencies/
One of the important measures is to enable Two-factor authentication (2fa) as it greatly increases security by requiring both your password and another form ......