What is Google Authenticator?
Google Authenticator is a two-factor authentication (2FA) app that generates time-based codes used to log into various services including AltCoinTrader. We ask users to make use of this additional level of security but also users must be aware of the risks of using it Google’s cloud synchronization feature.
Google Authenticator cloud backup
When Google Authenticator backs up accounts to the cloud, it also backs up the private keys, also known as secret keys. This means that anybody who has access to your google account will also have access to your 2FA codes.
As such, for the security of your funds, we insist that users ensure their Google accounts are 100% secure if you are making use of their cloud sync feature.