Everyday we hear about passwords getting hacked and accounts being compromised. This can happen through brute force, phishing attempts, or key loggers amongst other methods. If a successful login occurs how can we prove who was actually behind that login?
2-factor authentication adds an extra layer of protection in the event that your password is compromised. Any attacker would not only need your username and password but they would also need physical access to your phone and the token that we send you every time that you want to make a withdrawal.
By leveraging your smart phone you can seamlessly obtain protection from malicious actors and rest easy knowing that your funds are secure with Coins-e.