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Bitcoin Price: BTC Live Price Chart, Market Cap News Today,. Sakura303. Two-factor authentication (2FA) is a way to add additional security to your wallet. The first factor is your password for your wallet. The second factor is a verification code retrieved via text message or from an app on a mobile device. 2FA is conceptually similar to a security token device that banks in some countries require for online banking. Key takeaways. Bitcoin is a decentralized digital currency operating without a central authority. It was created to address weaknesses in traditional financial systems.
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