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What is 2-FA?

Security

What is 2-FA?

Last updated on 13 Mar, 2026

Two-Factor Authentication (2-FA) is a security process that requires two ways to verify your identity.

It is required for certain functions within Bancoli, such as funds management, withdrawals, payments, account settings, and security settings.

Coinbase 2FA (Web 3 Wallet)

If you use the Bancoli Web 3 Wallet, outgoing USDC transfers are protected by

Coinbase two-factor authentication (2FA) — separate from your Bancoli 2FA.

You set up Coinbase 2FA when you first activate your Web 3 Wallet. Every time you

send USDC, you'll be asked to approve the transfer via your Coinbase 2FA method.

If you need to reset your Coinbase 2FA, follow the instructions in your Coinbase

2FA settings within the Bancoli app.

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