Gemini announces support for hardware keys in its mobile app

Kategorien: Deutsche Bank

Gemini revealed the functionality of the hardware security key for its mobile application, giving customers compatibility with devices such as YubiKey for added security.

Thanks to WebAuthn’s support for the Gemini app, iOS and Android, „Gemini customers can now use USB and Near Field Communication (NFC) technologies to securely log into the Gemini mobile application,“ the exchange said in a statement provided Tuesday to Cointelegraph.

Nigerian fraudsters used Bitcoin and the Gemini exchange to divert millions

The incorporation reinforces the authentication of two factors
Two-factor authentication, or Bitcoin Future, provides greater security than simply using a password on a website. If enabled, 2FA requires a code from a mobile device to access the website after the user enters their password. The code, a string of one-time, time-limited numbers, is obtained from a text message or a third-party application, depending on the user’s settings.

There are also other formats for 2FA, which require the use of a physical device such as Yubico’s YubiKey. Hardware keys serve as an approach to protect against hacking or exchanging mobile phone SIM cards.

Gemini chose the extensive regulation in New York and favors the conditional BitLicense

Gemini and Yubico have partnered
As part of the announcement, Gemini and Yubico have joined. „The Yubikeys provide a secure, multi-platform solution that can be used to access your Gemini account through our Mobile App, as well as any other site that supports WebAuthn,“ the release says.

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Gemini’s leading navigation platform announced the compatibility of WebAuthn and physical security devices in May 2019, according to a statement from the company.

Security is key in crypto space, an industry that is not exempt from hacking and data breaches.

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