Two-Factor Authentication (2FA) is an extra security layer to enhance your VALR account’s security by requiring a second verification step during login or specific actions. This extra layer of protection consists of additional login information that only you, as the account holder, should have access to on your device. With 2FA enabled, you can avoid unwanted logins from outside parties.
By default, VALR enables SMS 2FA. However, VALR recommends using authenticator apps, such as Google Authenticator, Authy, etc., to secure your account further. An authenticator app is usually installed on a smartphone and generates unique time-sensitive security 6-8 digit token/code every 30 seconds.
Setting up App-based 2FA on your VALR account will enhance security and get you the “Fully-verified PLUS” account status.