Delving into Two factor authentication — Trade Bull
Coming to terms with reality, Digital crime is increasing at an exponential rate these days. Blockchain technology, a platform that is believed to be safe and secure undergoes theft of millions of dollars.
Despite consistent efforts to strengthen security, there has been persistent hacking. So, what would be the one solution to overcome this issue?
Two factor authentication (2FA) is the process of having an extra layer of information by the user. On top of the passwords and username, this information allows for a secure transaction. The usage of two factor authentication greatly reduces identity theft. The usage of information from the customer, along with username and password helps in keeping the security under control.
Why use Two Factor Authentication (2FA)
Reducing operational costs
The invention of 2FA has made the lives of employees and proprietors easy. Employees can check for databases, web portals and other servers securely from their computers. The download of OTP software generates OTP and is in sync with the server.
More Flexibility
The 2FA allows users to access information into a shared system or database. One of the major advantages is allowing employees to work remotely.
Diminished Data theft
The exposition of research shows that 12.6 million people suffered identity theft. With the help of 2FA data theft has decreased drastically. 2FA has been gaining an edge over the other features. One such exchange that is completely devotional of this feature is Tradebull coin.
Tradebull coin is a hybrid decentralized exchange system that provides a debit card for easy and secure usage of cryptocurrencies. Tradebull’s exchange system is built upon the algorithm trading functionality.
How does Tradebull incorporate the 2FA feature?
Tradebull’s technology reduces commonly associated financial risks for traders throughout the world. For every transaction Tradebull Coin offers escrow or transaction service to protect the buyers by using two factor authentication and other security measures.
Tradebull guarantees security and transparency with the vision to create seamless trading of cryptocurrencies and fiat currency. If you’re concerned about the security, worry no more. Tradebull is here to make lives easier and safer!
