Two-factor authentication: why every crypto account needs it
A password alone is not enough to protect money. Passwords leak in data breaches, get reused across websites and get phished. Two-factor authentication (2FA) adds a second lock that a thief cannot copy from a leaked password list.
How an authenticator app works
An authenticator app (such as Google Authenticator, Microsoft Authenticator or Authy) shows a six-digit code that changes every 30 seconds. The code is created on your phone from a secret shared once, when you scan a QR code. To sign in, you need your password and the current code from your phone.
Turning on 2FA on Velxen
- Open your profile and go to Security.
- Choose two-factor authentication and scan the QR code with your authenticator app.
- Type the six-digit code to confirm.
- Write down your backup codes and keep them offline, somewhere safe.
From then on, Velxen asks for a code when you sign in and before withdrawals.
Golden rules
- Never share a 2FA code with anyone, including people who say they are support staff.
- Never store backup codes in your email or in a photo on your phone.
- If you change phones, move your authenticator first, before you reset the old phone.
This article is for education only and is not financial advice. Crypto prices can rise and fall sharply; only trade with money you can afford to lose.
