Crypto wallet MFA (multi-factor authentication), worth it?

Security in crypto can’t be neglected, if you don’t use 2FA and multi-factor authentication (MFA), you need to catch up fast.

Types of MFA:

• Biometrics: Use facial recognition or fingerprints.
• Physical USB Keys: Physical devices for verification (like Yubikey).
• Google Authenticator App: This provides time-sensitive codes for secure access.
• One-Time Calls or Messages: An additional layer of verification (common for 2FA).

Benefits of Multi-Factor Authentication:

• Better security of your crypto wallet and reduces the risk of unauthorized access.
• Protects your investments by adding multiple layers of security measures.
• Why would you not?

Common threats and prevention:

Phishing Attacks: Use strong passwords, avoid public WiFi, and ensure you’re visiting the official links (websites and social media) to protect against phishing.

Malware Threats: Equip a good antivirus and malware detector to prevent malware from accessing your private keys.

Keyloggers: On PC, you can use Task Manager to detect if a keylogger is installed, some malware applications can automatically detect them too (like Malwarebytes).

Browser Vulnerabilities: Avoid storing sensitive data in general browsers, such as never save your passwords on the browser directly, save into a password manager (this way you don’t give away your passwords if you get hacked, look into Lastpass). Use hardware wallets and enable two-factor authentication too.

Laziness and time-saving are bad excuses for not enabling MFA, your trading success is worth it.