Three-Factor Authentication (3FA) enhances security by requiring users to provide three different forms of verification to access their accounts. This method reduces the risk of unauthorized access significantly.The first factor is something the user knows, like a password or PIN. The second factor is something the user has, such as a smartphone or hardware wallet, which generates a unique code. Finally, the third factor is something the user is, which involves biometric data like fingerprints or facial recognition.By combining these three elements, 3FA offers a stronger defense against hacking and phishing attempts. Even if a malicious actor steals a password, they would also need access to the user’s device and their biometric data to gain entry.Implementing 3FA is especially important for protecting digital assets, ensuring that only authorized individuals can access sensitive information and conduct transactions. This multi-layered approach provides greater peace of mind for users managing cryptocurrencies.