As we are all well aware, cybersecurity is getting more and more important these days as we are more dependent upon online platforms. Especially when dealing with something of value, be it crypto or fiat, you want to secure your account in the best way possible.
Two-factor authentication is one of the most important steps to do so besides other security best practices such as using a password manager. However, 2FA can also be a bit inconvenient at times. Yubico is solving this with their hardware 2FA solution: YubiKey.
The Yubikey is a small passive USB device that can be plugged into any PC. When plugged in, it creates a one time password upon touching it or pushing the button. This password is then automatically used to authenticate that it is really you trying to access your account. The passcode is generated from a secret key shared between the service you are trying to login to and YubiKey. It also takes into account how many times you already used YubiKey to generate a passcode.
There are several benefits of using Yubikeys for authentication. The first one is the ease of use. The YubiKey just has to be plugged into your PC or tapped to your mobile phone to verify all your log-ins. You don’t need to copy any code from an authenticator app nor do you need to worry about running low on battery as Yubikey runs without any battery. Additionally, Yubikeys are crush — and water-resistant and don’t require any downloads.
Another benefit of Yubikey is that you are less likely to lose them in comparison to your smartphone, that you carry around with yourself all the time. A smartphone is also a lot more susceptible to other kinds of damage.
When it comes to privacy, a YubiKey is hard to beat. Even if you lost your YubiKey, no credentials nor websites are saved on it, making it nearly impossible for others than yourself to make use of it. Furthermore, none of your private information is leaked, since none is saved.
And finally, even if you don’t have your YubiKey with you, you could still use another 2-FA device that you previously have set up to log into your account securely.
At Bitcoin.com Exchange we are constantly working on enhancing trading experience without sacrificing security. By supporting YubiKey, we make the authentication process more secure and smoother.
For more information on YubiKey or to purchase one, visit their official website: https://www.yubico.com/