Understanding OTP: What Is a One-Time Password and Its Uses?
Learn what OTP (One-Time Password) means and why it's essential for secure transactions.
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OTP stands for One-Time Password, a unique, temporary code used for verification purposes. When someone sends you an OTP, it's typically to confirm your identity for secure access, such as logging into an account or completing a financial transaction.
FAQs & Answers
- Why is OTP important? OTP enhances security by ensuring that only authorized users can access their accounts.
- How do I receive an OTP? You typically receive an OTP via SMS, email, or through an authentication app.
- Can OTPs be intercepted? While OTPs are designed to be secure, it's essential to use trusted networks and avoid sharing them to prevent interception.
- What should I do if I don’t receive an OTP? Check your network connection, ensure the contact information is correct, and request a new OTP if necessary.