Two-factor authentication is designed to prevent any unauthorised access to your account and is required at all times for your security and the safety of your funds.
We believe that passwords, as a standalone method of authentication, are not sufficiently secure for financial services companies such as CoinfloorEX. Two-factor authentication is designed to prevent any unauthorised access to your account.
Many people use the same passwords on multiple services. If a person's password was compromised by a malicious hacker, there is a risk that other online services they use could also be compromised. As a financial institution, CoinfloorEX must undertake security measures to protect our clients from this type of security vulnerability.