Next we will immediately want to setup 2 factor authentication (2FA) to prevent hackers from accessing your account, even if they get your email and password. THIS IS VERY IMPORTANT. PLEASE DO NOT WAIT TO DO THIS.
I Recommend using the AUTHY application anywhere you need 2FA. It allows for backups of your security tokens, and use on multiple devices. If you were to use Google Authenticator instead, then you could be up a creek without a paddle if you lose your phone. See here for the comparison: https://authy.com/blog/authy-vs-google-authenticator/
Go to the AUTHY download web page here: https://authy.com/download/
Enter your mobile number, then hit the submit button. You will receive an SMS message with a link to download for your device type. Follow the link and install Authy. Once installed, you will be prompted to enter your Cell Number again in the app on your phone.
Next you will be asked if you would prefer a phone call or sms message. I selected SMS. You will receive a code to enter into the app.
Once you enter the code, Authy will be ready to setup with your
When you first login to your new Arbitraging.co account, you will see a page like this one:
Note the announcement at the top.
To enable 2FA, click on the Account tab on the left. When the screen comes up, Read the Terms of service, TOS, and then check the box.
We are going to check the box on this page for Add Google 2 Factor Authorization:
When you do, you will see a box similar to this one:
IT IS VERY IMPORTANT THAT YOU SAVE THIS KEY. TAKE A SCREENSHOT AND SAVE IT ON A THUMB DRIVE! OR WRITE IT DOWN AND LOCK IT IN THE SAFE. OR BOTH! It will only be shown this one time.
According to ARB ADMINS, “ Too many do not do this step. then lose phone, or it breaks, then come to us to "just deactivate my 2FA please so I can get into my account". It doesn't work that way. It's at least a 7 day process at ARB due to security reasons, as hackers have approached us, pretending to be the account owners, to deactivate 2FA. The dev must go through a lengthy ID verification process. Some exchanges make a person wait up to 30 days until they deactivate 2FA.
And without 2FA, accounts are vulnerable.”
Next we will use the Authy app to either scan the barcode (Easiest) or enter the key manually.
Click on the Plus sign
Select the Scan button and hold your phone up to scan the QR code.
You MIGHT not be able to press the done key on the screen with the account name. THAT’s OK!. Press the back key 2 times and you should see the new account in Authy. This is a quirk with scanning a code meant for Google Authenticator on the android app.
The six digit code will be displayed when you tap the account.
This 6 digit code changes every minute. Enter this code in the field below the barcode, then press confirm.
2FA is now enabled. When you login to your account the next time, you will enter your email and password as normal, then you will get a second login screen to enter the 2FA code.
Enter the google code where it asks for the PIN
Your account is now much more secure than a login alone, as only you have the device that the authenticator app runs on. A hacker may compromise your password, but unless they have the device, your account is safe.
WARNING: NEVER, EVER GIVE OUT YOUR PASSWORD, OR TURN OFF YOUR 2FA FOR ANYONE, INCLUDING AN ARB ADMIN (BECAUSE IT WOULD BE AN ADMIN IMPOSTER ASKING YOU). ANYONE ASKING YOU FOR THIS IS GUARANTEED A SCAMMER, POSSIBLY POSING AS AN ADMIN. ARB PERSONNEL DO NOT NEED THAT INFO FROM YOU TO ACCESS YOUR ACCOUNT.