Two-factor authentication (2FA) provides an additional layer of security to your NBX experience. Instead of using just your password to log-in to NBX, you will also use a six-digit (one-time) code that’s re-generated every few seconds by what is called an authenticator app.
In order to start trading an NBX client has to enable 2FA.
How do I set-up Two-factor authentication?
To set Two-factor authentication, please follow the steps below.
1) Install a Two-factor authenticator app on your mobile device. Some examples are Google Authenticator, Microsoft Authenticator and Authy, but any TOTP(Time-based One-time Password) app will work. Apps are available in Google play store and Apple app store.
2) If you have recently created an account on NBX, you will see the notification as shown on the screen below to verify KYC:
When you have completed KYC, our team will verify the information provided. When your account is approved you will get a notice on email and can continue with step 2/3(set up 2FA)
Click on "set up 2-factor authentication" link and follow the instructions.
2.1) While logged into your NBX.com you can also go to: Account Settings → Security → Set Two-step authentication → Enable → at which point a bar-code appears.
3) Next, open your authenticator-app on your phone, add a new Two-factor Authenticator and scan the bar-code that’s displayed on your NBX account.
4) Now, 2FA is enabled and you can use it each time you log-in to NBX!
Always remember that if you lose access to your authenticator-app or simply get a new phone, you’ll need to reinstall the app with your backup(reference) code. If, when setting up your device, you didn’t save that code, then you will have lost access to your authenticator entirely.