What is an Authenticator App and how does it work?

What is an Authenticator App and how does it work?

Did you know that you can link an Authenticator app to your Max Crowdfund account? With this, you always have a code that you can enter immediately when logging in and investing on Max Crowdfund. This makes the login process and investing a lot faster and easier. In this article, we will go into more detail about this.

What is an Authenticator app?

You can link an authenticator app to an account, so that you can easily perform the two-step verification. This app continuously generates a six-digit code, with which you can log in to various websites. Two-step verification is to protect your account, this is often used on websites that contain sensitive information. Think, for example, of financial institutions, such as banks or crowdfunding platforms.

There are several authenticator apps on the market. The most used app is the Google Authenticator, but the one from Microsoft is also widely used. The apps can be downloaded from the App Stores.

Why an Authenticator app?

A verification code can often also be sent via email or SMS. The advantage of an authenticator app is that you always and everywhere have a code ready, without having to wait for a text message or an email. If you ever have a worse connection, there is a chance that you will not even receive it.

Especially the smaller loans that are published via Max Crowdfund are often fully subscribed within a few minutes. For security reasons, the platform requires that you enter the 2FA code again when making an investment. It can therefore be frustrating, due to time pressure, if you have to wait for your 2FA code via SMS or email.

How do I activate an Authenticator app on Max Crowdfund?

As soon as you are logged in to Max Crowdfund, you have different topics under the heading 'Profile'. Via 'My security settings' you can activate your Authenticator App by clicking on the green button with 'Activate Google 2FA'. You then have to scan the QR code with your Authenticator App and your app is linked to your account. You can now use the Authenticator app with both logging in and investing, with which you have a 2FA code available everywhere and immediately.