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Home/Glossary/Two-factor authentication (2FA)
Wallets & security

Two-factor authentication (2FA)

Also called: 2FA · MFA · authenticator app

In shortA second login step, such as a code from an app or a security key, on top of your password.

On exchanges, always turn on 2FA with an authenticator app or a hardware security key. SMS codes are better than nothing but vulnerable to SIM swaps.

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Related terms

  • SIM swapAn attack where someone takes over your phone number to intercept SMS codes and reset your accounts.
  • Centralized exchange (CEX)A company that runs a crypto trading platform and holds customers' funds, like Binance, Coinbase or Kraken.
  • PhishingFake websites, emails or messages that trick you into revealing your seed phrase or signing a harmful transaction.

More in Wallets & security

  • Account abstraction (smart wallet)
  • Address poisoning
  • Cold wallet
  • Crypto wallet
  • Custodial wallet
  • Exit scam
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