May 22, 2022

Coinsquare takes client security very seriously and we value client awareness and participation in our security features. Despite the numerous behind-the-scenes security protocols in Coinsquare, our clients can take some additional security measures to keep their accounts secure.

The two most recommended security features that Coinsquare recommends implementing are two-factor authentication (2FA), and a complex password generator. There are additional security measures clients can take, such as making sure their emails are secure or educating themselves about the risks of phishing, but 2FA is the most beneficial extra layer of security for your Coinsquare account.

What is 2FA?

If you’re not sure what 2FA is, you’re not alone. “2FA”, which stands for two-factor authentication, sounds like this: users need to provide two authentication credentials when verifying their identity in order to access an account. Typically, most platforms will only ask for one-factor authentication, usually in the form of a password. Coinsquare strongly recommends that their clients use two things to verify themselves, hence the 2FA security feature.

The most common authentication reasons are passwords or PINs and sometimes ID cards. Some other examples of authentication (commonly used in 2FA systems) include security tokens, biometric factors (such as fingerprints, or face and voice recognition), time factors (such as a restricted login window), or location reasons (such as login restriction) Specific device or IP address). Coinsquare’s second authentication factor (in addition to a secure password) is a security token mentioned above.

Coinsquare offers two types of two-factor authentication: Coinsquare 2FA and Google 2FA. For Coinsquare 2FA you need to scan a QR code using the official Coinsquare mobile app to log in to your account at coinsquare.com. Google wants to download the 2FA user authentication app, which, once activated for your Coinsquare account, will provide you with a 6-digit code that will be updated every 30 seconds. Using a QR code or 6-digit code in addition to your password, two-factor authentication is achieved for maximum security.

2FA implementation

Setting up and implementing a two-factor authentication for your Coinsquare account is quick and easy.

Coinsquare 2FA

If you want to use Coinsquare 2FA to secure your account, you need to follow some simple steps to implement it. Before you set up Coinsquare 2FA, please make sure you have downloaded the Coinsquare mobile app on your iOS or Android mobile device.

  1. Log in to your Coinsquare account on your mobile device and your desktop browser at coinsquare.com
  2. From your desktop browser, yours Account settings Page
  3. Scroll down 2FA authentication And select Coinsquare 2FA
  4. Click Generate key
  5. Open the Coinsquare app on your mobile device and navigate Security Selects page Account> Security
  6. Select Two factor authentication And scan the QR code.

Once you scan the QR code, you are all ready to go with Coinsquare 2FA.

Google 2FA

If you want to use Google 2FA to secure your account, there are a few guidelines to follow to activate it. As mentioned above, Google 2FA requires an authentication app, so make sure you download the Google Authenticator app on your iOS or Android mobile device before you begin.

  1. Log in to your Coinsquare account on your desktop at coinsquare.com and view yours Account settings Page
  2. Scroll down 2FA authentication And select Google Authenticator
  3. Click Generate key
  4. Open and select the Authentication app on your mobile device Scan a barcode
  5. Scan the QR code generated on your desktop
  6. Enter the active 6-digit code displayed in the authentication app – remember they are active for 30 seconds
  7. Click Activate the code

Before you choose either method, keep in mind that if Coinsquare 2FA is chosen and enabled in your account, you will not be able to set up Google 2FA, as only one 2FA method can be used per account.

Regardless of which method you choose, applying two-factor authentication to your Coinsquare account will add an extra layer of security and help prevent unauthorized access to your account and assets and hopefully bring you peace of mind!

Using a password generator

Did you know that most hacking-related breaches are caused by weak or stolen passwords? Password security is a big deal, and crucial. Many online platform users are creating more secure password requirements to help increase security on the account they are trying to access. If you wish, you can take this security feature to the next level using the password generator.

A password generator is a tool that automatically generates a password for you, based on the parameters you set for it. Typically, you can set up a minimum length (such as 12 characters) and you can include uppercase letters, lowercase letters, numbers, and symbols. Once your criteria are met, the generator will generate a complex password for you to use, for example: zU @! AL41axdo. If remembering this password seems overwhelming, you can use a password manager (such as LastPass) that will remember your complex passwords and make them available on your other devices.

If you want to create your own password, there are some things you can do to make it more secure. Make sure all your passwords are unique and will not be reused in accounts Do not use any personally identifiable information (such as date of birth, name or address). The longer the password, the better, so make sure it is at least 8 characters long, although 12-14 characters is recommended. Do not use commonly used phrases or weak and explicit words (such as “password” or “12345”).

No matter which password method you choose, remember not to reveal your passwords (for Coinscare or any other account) to anyone and make sure you update and change your password every 3 months. It’s important to remember that Coinsquare will never ask for your password, so if anyone asks for your password, beware of that red flag. In general, be wary of emails or contacts from anyone who pretends to be involved in phishing attempts and Coinsquare, like the one mentioned above. If you are unsure about the security of an email, be sure to contact our support team.

Like so many things in life, it is better to be safe than sorry. At that point, Coinsquare encourages its users to be as careful with their accounts as possible. Password Generator and Password Manager are a great security feature, and a verification feature for any account, especially Coinscare. Most importantly though, Coinsquare’s clients must use a 2FA method (two-factor authentication) via Coinsquare 2FA or Google 2FA. Whichever method you choose, you are helping to increase the security of your Coinsquare account and you are helping to improve common platform security standards across our board.

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