Setting Up Two-Factor Authentication

What is Two-Factor Authentication?

Two-Factor Authentication or Two-Step Verification is an extra layer of security that requires not only a user’s password and username but also something that user has on them e.g. a mobile phone. It is designed to ensure that you're the only person who can access your account, even if someone else knows your password. For additional security, BuyCoins Two-Factor Authentication requires you to enter an OTP sent to your phone each time you want to:

  • Buy Bitcoin
  • Sell Bitcoin
  • Send Bitcoin to another Wallet

Two-Factor Authentication is optional and is disabled by default for all BuyCoins accounts. If you’d like to enable Two-Factor Authentication for your account, follow these steps:

Step 1: Go to the Security & Settings page

To do this, click on the menu icon and then select ‘Account & Settings’. In the 'Account & Settings' page, click on 'Security & Settings'

Step 2: Select your preferred Two-Factor Authentication method

To enable Two-Factor Authentication, toggle the switch. You have the option of receiving your OTP via SMS or Google Authenticator.


If you would like to receive the OTP via SMS, click on the SMS option, and click on 'Enable Authenticator'. This sends an OTP to the phone number on your profile. You should receive an OTP a few seconds after the 'Enter OTP' page pops up. Enter the code you received via SMS in the OTP field and click ‘Submit’.

However, if you do not receive an OTP within minutes of clicking the 'Send' button, click on the 'Call your phone' link. This will give you the option of receiving the OTP via phone call.

Google Authenticator

You need the Google Authenticator app on your phone in order to be able to use this method. You can find it on the Android and iOS app stores. To receive the OTP via Google Authenticator, open the authenticator app, scan the QR code and click 'Enable Authenticator', then you type in the OTP that appears on the app into the number field and click ‘Submit’.

You can also enable Two-Factor Authentication via Google Authenticator on your phone. However, instead of scanning a QR code, you'll be redirected to the app where you're to receive and then copy the OTP.

Step 3: That's all!

You have successfully enabled Two-Factor Authentication for your account.

Now you have extra security and can be sure all your BuyCoins transactions are controlled by just you.

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