ZedXe, a cryptocurrency exchange designed to transform crypto trading, offers the most secure withdrawals to its uses. The exchange leverages two-factor authentication, also commonly referred to as 2FA, to add an extra level of protection to user accounts.
Normally, you login to a website with your username and password. Without two-factor authentication, you are done. Access to your account depends on the strength of your username and password.
With two-step authentication enabled, you will be required to enter a six-digit number after providing your username and password to proceed further.
ZedXe exchange uses two types of two-factor authentication to add an extra layer of security. It includes:
• Google Authentication
• Email Authentication
While users are required to complete Google Authentication at the time of account login, they can choose between Google Authentication and Email Authentication to complete their cryptocurrency withdrawals.
Here is how each authentication process works.
Google Authentication
The Google Authentication process on ZedXe requires you to install a Google Authenticator app on your mobile devices (Android or iOS). The app generates timed codes used during two-step verification process.
How does it work?
If you are choosing Google Authentication, you need to activate your 2FA by scanning the given QR code using your Google Authenticator app installed on your phone. Once the app is linked with ZedXe exchange, enter the 6-digit code generated by the app into the Authenticator Code Field in your account settings.
ZedXe Google Authentication process generates Time-based One Time Password (TOTP) which changes every 30 seconds. It is more secure as it is generated by the Authenticator app every 30 seconds and requires synchronization between the app and your smartphone.
Once you have enabled Google Authentication, you will be required to complete the process every time you login to your account or to withdraw your cryptocurrency.
Email Authentication
Unlike Google Authentication, which is available during account login and cryptocurrency withdrawals, Email authentication on ZedXe is available only at the time of cryptocurrency withdrawals.
How does it work?
Once you have linked your email ID with ZedXe exchange, a 6-digit code is shared on your email ID, which is required to be entered to complete the withdrawal process.
You can either choose Google Authentication or Email Authentication to complete the withdrawal process.
Benefits of two-factor authentication
• Advanced security
• Improved accessibility and productivity
• Lower security management cost
• Prevention again identity theft
The two-factor authentication process on ZedXe exchange during account login and cryptocurrency withdrawals ensures that security is one level up. You can not only be sure of authorized access to your account, but also ensure the most secure cryptocurrency withdrawals.