Why is Coinbase asking for two-step verification when creating API?

3 answers

• Dec 16, 2021 · 3 years ago
  Coinbase asks for two-step verification when creating an API to enhance the security of user accounts. By requiring an additional layer of authentication, Coinbase can ensure that only authorized individuals can access and make changes to the API. This helps protect users' funds and sensitive information from unauthorized access or potential hacking attempts. Two-step verification adds an extra level of security by requiring users to provide a second form of authentication, such as a code sent to their mobile device, in addition to their password.
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• Dec 16, 2021 · 3 years ago
  The reason Coinbase asks for two-step verification when creating an API is to prevent unauthorized access to user accounts. With the increasing number of hacking attempts and security breaches in the cryptocurrency industry, it is crucial for exchanges like Coinbase to implement strong security measures. Two-step verification adds an extra layer of protection by requiring users to provide a unique code or authentication token in addition to their password. This ensures that even if someone manages to obtain a user's password, they would still need the second factor of authentication to gain access to the API.
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• Dec 16, 2021 · 3 years ago
  When creating an API on Coinbase, the two-step verification process is a security measure designed to protect users' accounts and funds. This process requires users to provide an additional form of authentication, such as a code sent to their mobile device, to verify their identity. By implementing two-step verification, Coinbase aims to prevent unauthorized access to user accounts and reduce the risk of fraudulent activities. It is a standard practice in the industry to enhance the security of API access and ensure that only authorized individuals can make changes or access sensitive information.
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