Account Security in Unocoin

Account Security in Unocoin

Crypto being a purely digital entity can be stored in digital form only. The important concern for Unocoin is to make sure your investment is protected in a way that gives you access whenever you need it while keeping out the oddities away from our storage. 

This is when Security comes into the picture. And at Unocoin we are extremely cautious about how we secure our users' crypto assets. Most of the crypto assets in are stored offline. The set of multiple addresses for offline storage are generated on a computer that has never been (and never will be) connected to the internet.

Why is this effective?

  1. AES-256 Encryption : The address-private key pairs obtained are encrypted using AES-256, sealed in envelopes and stored in multiple safe deposit lockers.
  2. Multiple Locations: The AES-256 keys are also stored in multiple safe deposit lockers at different locations. In the unlikely event of a security compromise your crypto assets remain safe.
  3. Enhanced Security :  The server automatically chooses the next offline address once maximum threshold is reached on a particular address.

Why 2-FA over OTP?

While receiving OTP on your mobile device looks like “Something you have control over”, your OTP is actually in possession with the origin server and the carrier transmitter making it vulnerable.

2-Factor Authentication tokens are nothing but extension of the capability to generate user specific OTPs at client’s device rather than transmission of data over network.

OTP data is usually delivered via a completely-independent network which reduces the chances of eavesdropping, while 2-Factor Authentication is initiated synchronously at both client and server end without any data transmission thus more secure.

Google Authenticator/ 2-Factor Authentication

Google Authenticator on your mobile phone can act as a 2nd factor of authentication for you to gain access to Unocoin. Google Authenticator generates 6 digit numbers which keep changing every 30 seconds that you need to key in while logging into Unocoin. 

Google Authenticator is available for Android, iPhone and Blackberry phones. After activating Google Authenticator, you can also have yourself a key in the 6 digit number when your wallet is about to send more than a threshold number of bitcoin set by you within 24 hours. 

After Enabling, you will need to activate it by using the 6 digit code from your mobile phone before the 2 factor authentication is active on your account. To install google authenticator on your mobile visit

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