Authentication
a.k.a. 2FA, Two-factor authentication, MFA
Proving you are who you say you are before an account or wallet lets you in.
Authentication is the bouncer at the door: show proof, or you're not getting in. That proof can be something you know (a password), something you have (your phone or a security key) or something you are (a fingerprint, see biometric security).
On exchanges, turn on two-factor authentication (2FA), which demands two of those at once. An authenticator app or a hardware key beats text-message codes, because criminals can hijack a phone number by sweet-talking a mobile carrier. In your own wallet, the real authentication is your private key: whoever holds it is "you" as far as the blockchain cares.
Protecting an exchange account with a reused password and text-message codes, then losing it to a SIM swap.
Keep this word for good
Your free Private Swap Lounge saves the terms you’ve learned and quizzes you on them. Portal under construction. Expected delivery date is December 01, 2026.
