Back in 2020, due to poor security, an unauthorized third party accessed thousands of Coinbase clients’ accounts.Ī total of 6000 Coinbase users had lost all of their cash. Crypto’s popularity has increased the risk of account takeover. CoinbaseĮven if you have no money in your Coinbase account, you should still use a YubiKey.

Crypto private keys must be stored securely on hardware in order to protect them from remote attacks and their unauthorized extraction. The private keys held by the crypto exchange make them an enticing target for criminals who want to steal your money. Additionally, Yubico Authenticator is a mobile authenticator that stores secrets on the YubiKey rather than on the mobile device. When exchanging accounts, YubiKey users just tap or touch their security key to authenticate. It’s important that crypto is safeguarded at the exchange level while YubiKey’s account secrets are kept secure. Crypto exchanges that support YubiKeyĬrypto exchanges, accounts, and high-value transactions may all be protected with YubiKeys. You can even use it to unlock your phone. In addition to being able to use it to log in to your email, cloud storage, and social media accounts, the YubiKey can also be used to securely sign documents. If both match, you are granted access to your account. When you log in, you are required to enter your password along with the generated code. This code is used to authenticate your identity when logging in to your web browser or mobile app.

Once inserted, it generates a unique code every 30 seconds. The solution works by inserting a small piece of plastic called a YubiKey into your computer.

YubiKey uses a variety of different authentication methods like FIDO2, FIDO Universal Second Factor, USB Type-C, and NFC. The company claims that the technology behind the product makes it one of the best solutions for securing online accounts. YubiKey is a product developed by Yubico, which is based out of Silicon Valley. What exactly is YubiKey, and how does it secure your account?

YubiKey vs Hardware wallets – which one is better to use?.

What exactly is YubiKey, and how does it secure your account?.

Alternative yubikey