With security increasingly becoming an issue in the realm of cryptocurrency, 2 step verification has become a powerful tool Im when it comes to securing our digital assets. While many of us secure our accounts using it, a large majority of users have dealt with the dreadful thought of, what happens if I lose my phone?
There are three ways to reset your google auth:
Contact the exchange / company to manually reset it
Make a backup of your private key for every platform/ exchange
Make a backup of you google auth itself
The first one is simple but a lot of work, contact support and answer lots of complicated questions.
The second one works well if you only use your google authenticator on one exchange. With a backup of the QR code you can reset the google authenticator on a new phone. If you have a lot of different exchanges however this is not so easy.
The third and easiest way is to make a backup on google authenticator itself.
-> Go to Google authenticator & logg in.
-> Set up google authenticator if you haven't done this yet. Also activate it for logging into your google account.
Why? Because from This page you can reset your google authenticator device. So if you can log into your google account and reset your google authenticator, without having to use google authenticator, all hackers need is your google password and your exchange password (which might even be the same? if this is the case, make sure they are different) and bye bye crypto's.
-> Click on "backup nodes" and generate 10 new codes.
-> Safe them on a place where you believe hackers can't reach them.
-> Now when you lost your phone, use the backup codes to log into your google authenticator and change your device.
Now all your exchanges are available with the google authenticator on your new device.
If you thought this was useful please give it a vote up or even share it with other people so nobody has to go through the same hassle and stress as i did. If you have anything to add to this or have any feedback, please let me know in the comments ;)