OCT 18, 2021
Trading Crypto Securely on Gemini
At Gemini, the security of your account and funds is central to our mission. In honor of Cybersecurity Awareness Month, we have outlined some steps you can take, and measures we have in place, to help keep your crypto secure throughout your Gemini journey.
As we outlined earlier this month, there are a number of actions you can take to protect your Gemini account — most notably, employing additional authentication methods like two-factor authentication (2FA). Behind the scenes, however, there are further security measures we have in place to help keep your account and funds safe.
Using Verified Devices to Access Your Gemini Account
Whenever you sign on from a new device, we’ll prompt you to verify your device. Device verification allows us to match your account to the devices you use most often, providing an extra level of confidence that you are the individual accessing your account. Keep in mind that this verification feature may also be triggered when you sign on to Gemini from a new or updated browser.
When this occurs, you’ll receive an email from us asking if you just signed on from a new device. If you did not just attempt to sign on from a new device, a timely click of a link within the email will immediately place a hold on your account, keeping that malicious actor locked out and prevented from trading or withdrawing funds.
Password and Email Changes Trigger an Account Pause
Another security feature we’ve integrated into our systems is a withdrawal hold on your account for at least 24 hours when you change an email address or password. Visit our Cryptopedia platform to learn more about password best practices.
A commonly used tactic by attackers who compromise accounts on web applications is to change the account information to lock the user out of their account. At Gemini, should your password or email address change, we’ll automatically block withdrawals on your account for at least 24 hours. In the event your account is compromised, this feature protects your funds by giving you a reasonable opportunity to take action and freeze your account.
Together with preventative measures like the use of two-factor authentication methods, including hardware security keys, these safeguards provide extra protection for your Gemini account. This is just a glimpse of the security features we have in place, and our security teams are committed to remaining ahead of the curve when assessing potential threats across our systems.
Over the next couple weeks we’ll continue to provide you with information on the robust security measures we have in place to protect your crypto. This Cybersecurity Awareness Month, “Do Your Part. #BeCyberSmart!”
Onward and Upward!
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