What is the purpose of Coinbase asking for two-step verification when creating API?

3 answers

• Muskan TiwariNov 18, 2024 · a year ago
  Coinbase requires two-step verification when creating an API to enhance the security of user accounts and protect against unauthorized access. By adding an extra layer of authentication, Coinbase ensures that only the account owner can generate and use an API key. This helps prevent malicious actors from gaining control of the API key and potentially causing harm to the user's account or funds.
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• Janaki ChennaNov 26, 2020 · 5 years ago
  The purpose of Coinbase asking for two-step verification when creating an API is to provide an additional level of security. Two-step verification requires users to provide two forms of identification, typically a password and a unique code sent to their mobile device. This helps prevent unauthorized access to the API and adds an extra layer of protection to user accounts.
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• Inderjit Singh GillAug 18, 2021 · 4 years ago
  At BYDFi, we also emphasize the importance of two-step verification when creating an API. It helps protect user accounts from unauthorized access and reduces the risk of API key theft. By requiring two-step verification, Coinbase and BYDFi prioritize the security of user funds and ensure that only authorized individuals can access and use the API key.
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