What is Coinex TOTP?

What is Coinex TOTP?

Google Authenticator is a TOTP authenticator. Its verification code is based on natural variables such as time, historical length, physical objects (such as credit cards, SMS mobile phones, tokens, fingerprints), combined with certain encryption algorithms, and refreshed every 60 seconds.

Can 2 step verification be bypassed?

Hackers can now bypass two-factor authentication with a new kind of phishing scam. Two-factor authentication, the added security step that requires people enter a code sent to their phone or email, has traditionally worked to keep usernames and passwords safe from phishing attacks.

How do I get my CoinEx TOTP code?

1. Visit CoinEx website www.coinex.com, log in to your account and then click [Account Settings] from the menu of [Account] in the top-right corner.
2. Find out the [Security Settings] section, and then click [Change] on the right of [TOTP Authentication].

How safe is CoinEx?

UPDATE: This cryptocurrency exchange has been outed as a scam in the cryptocurrency community. We do NOT recommend any user to start an account with CoinEx Market. To find a reliable exchange where you can start an account, just use our Exchange Filters and we’ll help you find the right platform for you.

What happens when you enter a TOTP code?

If we look at the factors for an app using a password and TOTP code, we see that it is something you know and something you have. When a user registers a mobile device, they receive a key (either as a QR code or as a character string to be entered manually). This key becomes the something you have.

What do you need to know about TOTP authentication?

A few things to consider with TOTP: DO NOT take a screenshot of your actual QR code or key and place in a blog, PowerPoint or user manual. Because that key is the something you know, if others get it, they now have one of your authentication factors. Try for yourself.

What is the difference between OTP and TOTP?

OTP = One-Time Password TOTP = Time-based One-Time Password As discussed in the Two-Step Verification post, OTP sends the one-time password to the user’s mobile phone via SMS or to the user’s email address. TOTP, on the other hand, uses a local app on the mobile device to generate a pass-code.

Can you scan a QR code with TOTP?

Try for yourself. If you scan the QR code with a TOTP app from Citrix, Microsoft, Google and others, you will get a token, but that token is for a test user that no longer exists and the key was deleted from the back-end system. Because this uses a key stored on the mobile device, the mobile device does not require connectivity to obtain a key.