What is Two Factor Authentication in M2?

M2 provides users with a variety of financial services. With the increasing risk of online fraud, spam and hacking, it is important to secure your online accounts. Two-Factor Authentication (2FA) is one such security measure that helps users to protect their M2 accounts from unauthorized access.

What is Two-Factor Authentication (2FA)?

Two-Factor Authentication is an additional security layer that is designed to protect your online accounts by requiring an additional level of verification to access your account.

This verification is required in addition to your login credentials, such as your username and password.

2FA helps to ensure that only you can access your account and that it remains secure.

This extra layer of security can help prevent unauthorized access to your account even if someone has access to your password.

How Does Two-Factor Authentication Work in M2?

In M2, 2FA is automatically applied when completing a Send or Withdrawal transaction. This means that when you want to conduct a transaction, you will be required to provide an additional layer of verification to confirm that it is you who is conducting the transaction.

There are two ways to verify your identity through 2FA on M2.

1- Email Verification

The first method is through an OTP (one time password) sent by email. M2 Exchange will send a unique code to your registered email address, which you will need to enter in order to complete the transaction.

2- Authenticator App

The second method is by using a mobile app like Google Authenticator. Once you have downloaded and installed the app, you will need to link it to your M2 account. When you want to complete a transaction, you will need to open the app and enter the code displayed on the app to verify your identity.

Why is Two-Factor Authentication Important for M2 Users?

M2 handles sensitive financial transactions and user data. As such, it is essential that the platform is secure and that user accounts are protected from unauthorized access.

Two-Factor Authentication provides an additional layer of security that helps to ensure that only you can access your account.

By requiring an additional layer of verification for transactions, 2FA can help prevent unauthorized access and fraudulent activity on your account. Even if a hacker obtains your login credentials, they will still need to pass the 2FA verification process, which can help to prevent unauthorized use to your account.

Conclusion

In conclusion, Two-Factor Authentication is an important security feature that provides an additional layer of protection to your M2 account.

By requiring an additional level of verification, 2FA helps to ensure that only you can access your account and conduct transactions.

This helps to prevent unauthorized access and fraudulent activity on your account, providing peace of mind and security for M2 Exchange users.