To ensure cryptocurrency investments: Step by step 2FA guide to use Avalanche (Avax)

The world of cryptocurrency has grown exponentially in the last decade, and thousands of new coins are born and existing currencies. Of these, Avalanche (Avax) has quickly become a popular option for investors seeking to diversify their portfolio. As with any digital property, it is necessary to protect them from potential losses due to piracy or other security crimes. In this article, we focus on how to invest safely in an avalanche through the use of an authentication of 2 factors (2FA), an effective security measure to ensure that the cryptocurrency wallet is not discouraged despite the risks associated with online events.

What is 2FA and why is it important?

The authentication of twice is a two -step certification process that adds an additional security layer to your account. It does not require a password or PIN, but also more that can be ensured, as a unique code sent through SMS (a “single time password”) or another form of identification. This added phase provides incomparable protection of unauthorized access to cryptocurrency wallet.

Why is 2fa essential for an avalanche?

Avalanche Blockchain Network operates with the encryption of the public key, which makes it susceptible to certain types of attacks. These are:

• 51% attack : If the attacker controls more than 50% of the mining forces of the network, they can launch a successful attack and manipulate cryptocurrency.

• Wallet hacking : If your wallet is in danger, the funds are in danger.

Avalanche’s security is built in mind in mind. The platform uses a multiple architecture that requires several firms to authorize events. This means that even if the attacker has access to the wallet, he needs permission of at least two other users to continue the event.

How to install 2FA Avalanche (Avax)

Establish 2FA in the avalanche wallet:

• Download and install your wallet application : Go to the Avalancer website and download the official mobile wallet application for iOS or Android.

2

• Create a seed phrase : Create a single seed phrase (PSW) that acts as a private key. This is necessary for return purposes if you lose access to your wallet or find technical problems.

Using 2fa with avalanche

Once you have created an account, follow these steps:

• Login and enable 2FA : Log in your avalancer wallet using your email and password address.

• Add the 2FA method: Show down to the “Security” section and click “Add the 2FA method”.

• Select Method : Select one of the available methods, such as Google Authenticator or U2F.

• Create an activation code : The system produces an activation code that needs to save safely.

• Use the code : When asked to use the 2FA method for events, enter the activation code created.

Best practices for Avalanche Safe 2FA

To further improve security:

• Keep your private seed phrase : Do not share your seed phrase with anyone, since it is used to return access to your wallet in an emergency.

• Use the HST)

  : Consider the use of HST, as U2F or Yubikey, which provides an additional layer for its 2FA method.

• Update software : Maintain your updated avalance wallet application with the latest cards and security functions.

conclusion

Ensuring cryptocurrency investments in an avalanche requires attention to details and the commitment to use 2 factors authentication.