What is a pass key? How to set the pass key?

Improving transaction security: Detailed explanation of the exchange pass key settings and usage methods

In order to ensure account security, many exchanges have introduced the advanced security verification mechanism of pass keys. Pass keys are a new verification method based on encryption key pairs. They can achieve faster and safer operations on different devices, effectively prevent phishing attacks, and provide more reliable protection for your digital assets. This article will explain in detail the principle of the pass key and how to set the pass key on the Ouyi Exchange.

What is a pass key?

Pass keys are an additional verification method that enhances account security. After enabling the pass key, in addition to requiring a password, key operations such as login and withdrawing coins also require input of the pass key, which can effectively prevent unauthorized access even if the password is leaked.

Pass keys operate based on the principles of public key cryptography. The user generates a pair of public and private keys and registers the public key to the trading platform. When conducting transaction operations, the platform will generate a challenge code, and the user needs to sign the challenge code with a private key to verify the identity. Pass keys are widely used in digital asset management, cryptocurrency trading and decentralized applications (DApps), effectively protecting the security of digital assets and improving transaction efficiency.

How to set a pass key on the Ouyi Exchange?

The following steps introduce in detail how to set a pass key on the Ouyi Exchange:

1. Enter the security center: Add to Ouyi's official website, click the profile icon in the upper right corner, and select "Security Center". Find the "Pass Key" option on the Security Center page and click "Settings" on the right.

2. Enable Pass Key: Click "Add Pass Key" and select "Enable". You will be required to authenticate. Please select the security verification method you have set to complete the verification.

3. Create a pass key: Select one of three ways: "Device Creation", "Other Device Creation", or "Use Entity USB".

4. View the key details: After creating it successfully, you can view the details on the Pass Key page and name your keys to distinguish. When logging in in the future, you can choose to use a pass key to achieve password-free login.

Through the above steps, you can easily set the Ouyi Exchange's pass key, significantly improving your account security level. Be sure to keep your pass key properly to avoid disclosure.

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