20.06.2024
​Crypto.com enhances security with passkeys and hardware tokens
20.06.2024
Mirjan Hipolito
Cryptocurrency and stock expert

In a bid to enhance security, the crypto exchange has introduced in Crypto.com App state-of-the-art controls such as passkeys and hardware tokens, aiming to provide robust, user-friendly protection for its users. These measures are designed to combat hacks, phishing, and remote attacks, offering a seamless and secure authentication experience. 

"By integrating passkeys and hardware tokens, we offer robust security that is both effective and user-friendly. These solutions provide a seamless and highly secure way to safeguard users and significantly reduce the risk of account takeovers," said Jason Lau, Chief Information Security Officer.

The main things to know about passkeys and hardware tokens:

- Higher security. Your account is better protected against hacks, phishing, and remote attacks with cryptographic keys for authentication. 

- It's also more convenient. You can verify your identity with your face, fingerprint, passcode, or security key, without having to switch between different apps.

- You can use passkeys on all your devices.

Once you've set up the new feature, you can use your biometric data, screen lock pattern, PIN, or password to switch devices or withdraw your assets. This is the same way you unlock your mobile device.

The crypto exchange emphasizes that this move aligns with its priority of safeguarding users' assets by significantly reducing the risk of account takeovers.

This step demonstrates the company's commitment to staying ahead in security innovation within the crypto industry.

See also: Binance faces $2.2M fine from India’s Financial Intelligence Unit