How does a set up key in Google Authenticator work for cryptocurrency transactions?

3 answers

• Cardenas SimonsenJul 31, 2020 · 5 years ago
  Sure! The set up key in Google Authenticator is used as an extra layer of security for cryptocurrency transactions. When you set up Google Authenticator for your cryptocurrency wallet, you'll be provided with a set up key. This key is a unique code that you need to enter into the Google Authenticator app to link it to your wallet. Once linked, the app generates a new code every few seconds that you'll need to enter when making a transaction. This ensures that only you, with access to your Google Authenticator app, can authorize transactions from your wallet.
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• Bl4ckMarchSep 14, 2024 · a year ago
  The set up key in Google Authenticator is like a secret password that connects your cryptocurrency wallet to the app. It adds an extra level of security by requiring you to enter a constantly changing code from the app whenever you want to make a transaction. This prevents unauthorized access to your wallet and protects your funds from being stolen.
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• Nicole HodalyOct 10, 2020 · 5 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using the set up key in Google Authenticator to enhance the security of your cryptocurrency transactions. By linking your wallet to the app using the set up key, you can ensure that only you have access to authorize transactions. This adds an extra layer of protection against unauthorized access and helps to keep your funds safe.
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