Exchange Solution of KRONN
Here at Kronn, we are committed to maintaining state of the art security. In order to open an account on any digital platform, you always need to provide an email, which is always used for password recovery. If your email is compromised, it is almost certain you will not recover it, and therefore any account that is linked to it could possibly be compromised as well. In most countries it’s very easy to port a phone, meaning somebody that is not yourself could claim your phone number, and divert every call or SMS to a new device. Once a hacker ports your number, if he knows your email , he can easily request password recovery through SMS 2FA (if its enabled), and compromise your email. That’s why we don’t use 2 factor SMS authentication. Instead we will show you how to easily setup Time-based One-Time Passcode (TOTP) directly within the app. We also give you the option to take matters into your own physical hands with the help of Universal 2nd Factor security and hardware wallets. The former is a device that plugs into your USB port and when tapped or when the button is pressed it sends a signed response back to the U2F device to validate your login. The latter, a physical hard-drive that stores your digital currencies in order to keep them out of the reach of everyone, including us!