What is a 2FA code and why is it important?

Two-Factor Authentication (2FA) involves using two verification methods to access your account. First, you enter your username and password. Then on-top of entering your password, a second factor, like a temporary code from either an authenticator app or an SMS, is required to unlock the account.

2FA is crucial because it adds an extra layer of security, protecting your crypto-assets from unauthorized access and potential breaches thereby reducing the risk of password compromise. It's a fundamental step towards safeguarding your funds and maintaining peace of mind.

2FA goes beyond just logging into your OVEX account. It also ensures that only you can perform certain tasks once logged in - like Withdrawals. All sensitive transactions on OVEX are protected by 2FA.