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.

468 views

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

  1. Why is OTP important? OTP enhances security by ensuring that only authorized users can access their accounts.
  2. How do I receive an OTP? You typically receive an OTP via SMS, email, or through an authentication app.
  3. 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.
  4. 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.