How does FIDO2 enhance the security of cryptocurrency wallets?

3 answers

• Pjdjdjdhd JwjkwidjejwkSep 04, 2020 · 5 years ago
  FIDO2 is a set of standards for strong authentication that enhances the security of cryptocurrency wallets. By using FIDO2, users can secure their wallets with a physical device, such as a hardware security key or a biometric authentication method. This adds an extra layer of protection against unauthorized access and reduces the risk of account compromise. With FIDO2, even if someone manages to obtain the user's password, they would still need the physical device to gain access to the wallet. This greatly reduces the chances of successful attacks.
  554

  277
• chris ngoletFeb 18, 2021 · 5 years ago
  FIDO2 is like having a bodyguard for your cryptocurrency wallet. It adds an extra level of security by requiring a physical device, such as a fingerprint scanner or a USB security key, to access the wallet. This means that even if someone manages to steal your password, they won't be able to access your wallet without the physical device. It's like having a secret code that only you and your bodyguard know.
  410

  137
• samrudhi daniFeb 10, 2021 · 5 years ago
  FIDO2 is an industry-standard authentication protocol that BYDFi, a leading cryptocurrency exchange, has implemented to enhance the security of its users' wallets. With FIDO2, users can secure their wallets with a physical device, such as a hardware security key or a biometric authentication method. This provides an additional layer of protection against unauthorized access and significantly reduces the risk of account compromise. BYDFi is committed to ensuring the utmost security for its users' funds, and the implementation of FIDO2 is a testament to that commitment.
  574

  144