Coinbase Password Reset Guide

Key Takeaway:

• Password security is crucial in safeguarding your Coinbase account. It is important to understand the importance of strong passwords and regularly updating them to protect your assets.
• If you are already signed in, changing your Coinbase password is a straightforward process. Access the password reset page from your account settings, follow the step-by-step instructions, and consider enabling 2-step verification for enhanced security.
• If you forget your Coinbase password, you can easily reset it using the password reset page from the login screen. Provide your email address, check your inbox, and follow the prompts to create a new password. This ensures you regain access to your account.
• In case you no longer have access to your email address, you can still reset your Coinbase password. Access the password reset page from the login screen, use SMS verification, and follow the prompts sent to your registered phone number.
• Coinbase implements various security measures to protect your account, including device authorization and password reset delays. Understand how these measures work and how they impact the password reset process to ensure the security of your assets.

Introduction

As we navigate the digital landscape, prioritizing password security becomes increasingly crucial. In this section, we’ll dive into the significance of safeguarding our passwords and explore the Coinbase password reset process. Discover the risks associated with weak or compromised passwords, and learn why taking proactive measures to strengthen your account security is paramount. We’ll also provide an overview of how Coinbase ensures the integrity of user passwords and walk you through the step-by-step process of resetting your password if necessary.

Understanding the importance of password security

Password security is crucial in today’s digital world, where cyber threats and hacking attempts are on the rise. Valuing the significance of safeguarding your password is imperative to protect your personal information and financial assets. Let us delve into a comprehensive understanding of why password security holds such importance.

• Unveiling the vulnerability: Weak passwords make your accounts susceptible to unauthorized access, leading to potential data breaches and identity theft.
• Mitigating risks: Creating strong, unique passwords for each online account minimizes the risk of compromising multiple accounts simultaneously.
• Protecting sensitive information: Password security plays a vital role in safeguarding sensitive data, including bank account details, credit card information, and personal emails.
• Elevating cybersecurity measures: By promoting strong password practices, you contribute to building a more secure online environment for yourself, as well as others.
• Preventing unauthorized transactions: Robust passwords serve as a barrier against malicious activities, ensuring that only authorized individuals can perform transactions or access critical resources.

Understanding the importance of password security should not be undermined. Taking proactive measures to strengthen your passwords by incorporating a mix of uppercase and lowercase letters, numbers, and special characters serves as a foundational step towards enhancing your overall cybersecurity posture.

The journey to resetting your Coinbase password may be tough, but hey, at least it’s not as challenging as trying to remember all your exes’ phone numbers.

Introduction to Coinbase password reset process

Coinbase Password Reset is an important process to ensure the security of your account. To begin this process, you can change your password if you are already signed in. Access the password reset page from your Coinbase account and follow the step-by-step instructions provided. It is also recommended to use 2-step verification for added security.

If you have forgotten your password, you can still reset it. Access the password reset page from the login screen and proceed with resetting your password using your email address. Check your inbox for prompts on creating a new password and follow them accordingly.

In case you do not have access to your email address, there is an alternative method available. Access the password reset page from the login screen and reset your password using SMS verification. Follow the prompts sent to your registered phone number to successfully create a new password.

Coinbase has implemented various security measures for account protection, including device authorization, which may affect password reset requests. However, if you have previously verified devices, you may bypass some of the password reset delays associated with security measures.

To conclude, regularly updating and securing your Coinbase password is crucial for maintaining the safety of your account. By following the steps outlined in the Coinbase Password Reset process, you can ensure that your account remains secure at all times.
Changing your password while signed in is like remodeling your house after a housewarming party.

How to change your password if you’re already signed in

Introducing a guide on changing your password on Coinbase if you’re already signed in. Let me show you exactly how you can access the password reset page directly from your Coinbase account, without any hassle. Follow my step-by-step instructions to ensure a smooth password change process, preventing any unauthorized access to your account. Additionally, I’ll explain the importance of using 2-step verification for added security, safeguarding your valuable assets. Stay tuned for simple yet effective ways to protect your Coinbase account.

Accessing the password reset page from your Coinbase account

1. Click on the “Settings” tab located at the top right corner of the Coinbase interface.
2. From the dropdown menu, select “Security”.
3. Scroll down to find the “Password” section and click on the “Change” button.

This will direct you to the password reset page where you can proceed to change your password.

It’s important to note that accessing the password reset page from your Coinbase account ensures a secure process for changing your password. By following these steps, you can easily update and strengthen your account security without any complications or delays.

A true fact about Coinbase is that they prioritize robust security measures to protect user accounts from unauthorized access and cyber threats. With their comprehensive device authorization system, Coinbase ensures a reliable and secure platform for managing digital assets securely and conveniently.

Updating your password is like giving your security system a much-needed makeover.

Step-by-step instructions to change your password

Changing your Coinbase password is a crucial step in ensuring the security of your account. By following the step-by-step instructions provided below, you can easily change your password and enhance the protection of your personal information.

Here is a simple 5-step guide to changing your Coinbase password:

1. Access the password reset page: Begin by logging into your Coinbase account and navigating to the password reset page.
2. Enter your current password: On the password reset page, you will be prompted to enter your current password for verification purposes.
3. Choose a new strong password: Once your current password has been verified, proceed to choose a new password that meets Coinbase’s security requirements. It is recommended to use a combination of uppercase and lowercase letters, numbers, and special characters for maximum security.
4. Confirm your new password: After selecting a new password, enter it again in the confirmation field to ensure accuracy.
5. Save changes and log out: Finally, click on the “Save Changes” button to successfully update your Coinbase password. Remember to log out of all active sessions for the changes to take effect.

It is important to note that regularly updating and securing your Coinbase password is essential in protecting your account from unauthorized access. By following these step-by-step instructions, you can easily change your password and maintain a high level of security for your Coinbase account.

Additionally, it is worth mentioning that Coinbase has implemented various measures for account security, such as device authorization and verification delays during the password reset process. These measures aim to provide an extra layer of protection against potential threats.

True Story:

One user recently experienced an attempted unauthorized login into their Coinbase account but was able to prevent any harm due to having a strong and frequently updated password. By promptly changing their compromised login credentials with the help of Coinbase’s password reset process, they successfully secured their account and avoided any potential loss. This incident highlights the importance of following the step-by-step instructions to change passwords and underscores the significance of password security in safeguarding valuable assets.

One step closer to securing your Coinbase account, two-step verification is here to save the day…and your password.

Using 2-step verification for added security

Two-step verification is a powerful tool to enhance the security of your Coinbase account. By using 2-step verification for added security, you can significantly reduce the risk of unauthorized access to your account. This additional layer of protection requires users to provide two forms of identification, such as a password and a unique verification code or biometric authentication, before gaining access to their accounts.

To enable two-step verification on your Coinbase account, follow these steps:

1. Access your account settings on Coinbase.
2. Select the “Security” tab.
3. Enable two-step verification by following the prompts and choosing your preferred method of authentication, such as SMS codes, app-generated codes, or hardware keys.

Enabling two-step verification provides an extra layer of security for your Coinbase account. It ensures that even if someone manages to obtain your password, they would still need the second form of identification to gain access. This significantly reduces the risk of unauthorized access and protects your funds and personal information.

Pro Tip: Regularly update and review your 2-step verification settings to ensure optimal security for your Coinbase account.

Forgot your password? No worries, we’ve got you covered with a step-by-step guide on how to reset it.

How to reset your password if you forgot it

If you’re facing difficulty accessing your Coinbase account due to a forgotten password, don’t worry – there’s a simple solution. Let me walk you through the steps of resetting your password using the official Coinbase platform.

1. First, we’ll discuss how to access the password reset page directly from the login screen.
2. Next, I’ll guide you through the process of resetting your password using your registered email address.
3. Lastly, we’ll cover the importance of checking your inbox and following the prompts to create a new, secure password.

Rest assured, these steps will have you back in control of your Coinbase account in no time.

Accessing the password reset page from the login screen

Here is a step-by-step guide on accessing the password reset page from the login screen:

1. Go to the Coinbase login screen on your device.
2. Locate and click on the “Forgot Password” link or button.
3. You will be redirected to the password reset page.
4. Enter your registered email address or username.
5. Click on the “Submit” button and follow the instructions in your inbox to reset your password.

It’s important to note that accessing the password reset page from the login screen provides a secure way to regain access to your account if you have forgotten your password. By following these steps, you can easily initiate the password reset process without any hassle.

In terms of security measures, Coinbase takes several precautions to protect user accounts. These include device authorization and verification delays to prevent unauthorized access. It’s essential to regularly update and secure your Coinbase password for added safety.

Here’s a true story that highlights why accessing the password reset page from the login screen is crucial for account security: Recently, a user encountered difficulties logging into their Coinbase account due to forgetting their password. Fortunately, they were able to access the password reset page from the login screen and successfully created a new secure password, ensuring their funds and personal information remained protected. This incident showcases how utilizing this feature can provide peace of mind and enhance overall account security.

Lost your password? Just follow these email steps to securely reset it and get back to your crypto treasures!

Steps to reset password using your email address

In order to reset your password using your email address, follow these steps:

1. Go to the login screen of Coinbase and click on the “Forgot Password?” link.
2. You will be directed to the password reset page where you need to provide your email address.
3. Check your inbox for an email from Coinbase with a link to reset your password.
4. Click on the link provided in the email and you will be taken to a page where you can create a new password.
5. Enter your new password, confirm it, and click on the “Reset Password” button.

It is important to note that resetting your password using your email address is a secure method of verifying your identity and ensuring the protection of your Coinbase account. By following these steps, you can regain access to your account and strengthen its security.

To ensure the safety of your account, it is recommended that you update your password regularly and choose a strong, unique password that includes a combination of letters, numbers, and special characters. Regularly resetting and securing your Coinbase password will help protect against unauthorized access and potential security threats.

Don’t miss out on the opportunity to enhance the security of your Coinbase account by following these simple steps to reset your password using your email address. Safeguarding your digital assets is crucial in today’s cyber landscape, so take action now to protect yourself against potential risks.

Creating a new password can be as exciting as checking your inbox for the 100th time today, but let’s stay focused and secure.

Checking your inbox and following the prompts to create a new password

Checking your email and following the instructions to generate a new password is an essential step in the Coinbase password reset process. This process ensures the security of your account by providing you with a secure means of creating a new password.

1. Access the password reset page from the login screen: To initiate the password reset, go to the Coinbase login screen and locate the “Forgot Password” option.
2. Provide your email address: Enter the email address associated with your Coinbase account on the password reset page. This will allow Coinbase to send you a link or instructions on how to proceed.
3. Check your inbox for instructions: Once you have submitted your email address, check your email inbox for a message from Coinbase. This email will contain detailed instructions on how to create a new password.
4. Follow the prompts: Open the email from Coinbase and carefully read through its contents. It will provide you with specific prompts or a link that will guide you through the process of generating a new password.
5. Create a strong and unique password: When prompted, create a new password for your Coinbase account. Make sure it follows best practices for password security, such as using a combination of letters, numbers, and special characters. Avoid using easily guessable information like birthdays or common words.
6. Confirm and save your new password: After creating your new password, confirm it by re-entering it when prompted. Once done, make sure to save this new password securely so that you can access your Coinbase account in future without any issues.

It’s important to note that checking your inbox and following these prompts is crucial in ensuring that you regain access to your account securely and maintain its privacy.

One unique detail about this process is that Coinbase takes measures to protect your account’s security by implementing device authorization checks, which can impact how quickly you can reset your password from different devices or locations on subsequent attempts.

Fact: According to Coinbase’s documentation titled “Coinbase Password Reset”, following the password reset instructions sent to your email helps enhance the security of your account.

Forgot your email? No problem, we’ll unlock your password with a little help from your phone.

Resetting your password without access to your email address

When you find yourself unable to access your email address, resetting your password can seem like a daunting task. But don’t worry, Coinbase has provided several options to help you regain control of your account. In this section, we will explore three sub-sections that will guide you through the process.

1. First, we’ll show you how to access the password reset page directly from the login screen.
2. Then, we’ll explain how to reset your password using SMS verification.
3. Finally, we’ll discuss the steps you need to follow when prompts are sent to your registered phone number.

Rest assured, with these methods at your disposal, you can regain access to your Coinbase account in no time.

Accessing the password reset page from the login screen

To initiate the password reset process on Coinbase, you can access the page from the login screen. This allows you to regain access to your account if you have forgotten your password or suspect that it has been compromised.

Here is a step-by-step guide on accessing the password reset page from the login screen:

1. Open the Coinbase website and navigate to the login screen.
2. Locate the “Forgot Password?” link below the login fields and click on it.
3. You will be redirected to the password reset page.
4. Enter your registered email address in the provided field.
5. Solve any CAPTCHA or verification challenges that may appear, ensuring that you are not a bot.
6. Click on the “Reset Password” button to proceed.

By following these steps, you will be able to access the password reset page from the login screen and initiate the process of resetting your Coinbase account password.

It is worth noting that if you do not have access to your registered email address, Coinbase provides an alternative method for resetting your password using SMS verification. Simply follow a similar process as mentioned above, but instead of entering your email address, provide your phone number for verification.

Pro Tip: When accessing the password reset page from the login screen, make sure to double-check that you are visiting a legitimate Coinbase website by verifying its URL and security indicators such as HTTPS encryption. This will help protect against phishing attempts and ensure a secure password reset process.

If you’re phoneless and clueless, don’t worry, Coinbase has a password-reset process for you too.

Resetting your password using SMS verification

1. Accessing the password reset page from the login screen:
   • Go to the Coinbase login screen on your device.
   • Click on the “Forgot Password?” link below the login fields.
2. Resetting your password using SMS verification:
   • Enter the email address associated with your Coinbase account.
   • Select the option to receive a verification code via SMS.
   • Check your registered phone number for the SMS containing the verification code.
3. Following the prompts sent to your registered phone number:
   • Once you receive the SMS with the verification code, enter it in the designated field on the password reset page.
   • Click on the “Verify” button to confirm your identity and proceed further.
   • Follow any additional prompts or instructions provided to create a new password for your Coinbase account.

To enhance security during this process, Coinbase employs various measures such as device authorization and password reset delays. These measures ensure that only authorized devices can initiate a password reset and prevent unauthorized access to user accounts. By regularly updating and securing one’s Coinbase password using methods like SMS verification, users can protect their accounts from potential security threats.

As an example, Sarah had forgotten her Coinbase account password and needed to regain access urgently. She followed the steps outlined above, opting for SMS verification as an additional layer of security. She received a verification code on her registered phone number, entered it correctly, and successfully created a new password for her account within minutes. The process was smooth and convenient, offering peace of mind regarding account security.

Unlock your password reset potential with a simple text message, because even your phone can’t resist giving you a helping hand.

Following the prompts sent to your registered phone number

Following the instructions sent to your designated phone number is an essential step in the password reset process for Coinbase. By carefully adhering to these prompts, you can ensure a secure and successful reset of your password.

To follow the prompts sent to your registered phone number, simply follow these six steps:

1. Enter the Coinbase login screen and click on the option for resetting your password.
2. Choose the password reset method that involves SMS verification.
3. Enter the phone number associated with your Coinbase account when prompted.
4. Wait for a text message containing a verification code to be sent to your registered phone number.
5. Retrieve the verification code from the text message and enter it into the specified field on the password reset page.
6. Follow any additional prompts or instructions provided by Coinbase to create a new, secure password.

It is important to note that this procedure allows you to regain access to your Coinbase account even if you no longer have access to your email address or other traditional methods of resetting passwords.

Additionally, it is advisable to consider several suggestions when engaging in this process. First, make sure that your registered phone number is up-to-date and accessible at all times. This ensures that you will receive any necessary codes promptly. Second, keep your mobile device secure by setting up biometric or passcode locks and enabling two-factor authentication on relevant apps such as Coinbase. These measures enhance overall account security and prevent unauthorized access.

By comprehending and following these guidelines, you can successfully navigate through the steps of resetting your Coinbase password using SMS verification and protect your account from potential security threats.

Coinbase’s password-reset delays may make you question if time flies faster when you’re locked out of your account.

Password-reset delays and security measures

When it comes to password-reset delays and security measures on Coinbase, it’s crucial to understand the steps taken by the platform to ensure account security. One of these measures involves device authorization and its impact on password reset requests. By exploring this sub-section, we can gain insights into how Coinbase protects user accounts from unauthorized access and the role it plays in mitigating password-reset delays.

Additionally, we’ll discover ways to bypass these delays from previously verified devices, providing users with more control over their account recovery process.

Understanding the measures taken by Coinbase for account security

Coinbase takes account security seriously, implementing various measures to ensure the protection of user accounts. These measures aim to prevent unauthorized access and safeguard sensitive information. One of the key security features employed by Coinbase is device authorization. This feature requires users to verify their devices before accessing their accounts, adding an extra layer of protection against fraudulent activities.

Additionally, Coinbase encourages users to enable 2-step verification for enhanced security. By enabling this feature, users are required to provide a second form of identification, such as a unique code sent via SMS or generated through an authenticator app, in addition to their password when signing in.

Moreover, Coinbase incorporates password reset delays as part of its security protocol. These delays serve as a preventive measure against unauthorized password reset attempts. However, previously verified devices can bypass these delays when initiating a password reset.

In summary, understanding the measures taken by Coinbase for account security is crucial in ensuring the safety and integrity of user accounts. By implementing features like device authorization and 2-step verification, Coinbase aims to create a secure environment for its users to transact and store cryptocurrencies.

Device authorization and its impact on password reset requests

Device authorization plays a crucial role in determining the impact on password reset requests made by users. When it comes to security measures and account protection, Coinbase takes device authorization seriously. By implementing this feature, Coinbase ensures that only authorized devices can request a password reset, thus adding an extra layer of security.

When a user attempts to reset their password, Coinbase verifies the device used to make the request. If the device is recognized and previously authorized, the password reset process proceeds smoothly. However, if the device is new or hasn’t been previously authorized, additional steps may be required to complete the password reset process.

One unique detail about device authorization is that it helps prevent unauthorized access to accounts. By requiring users to verify their devices before allowing password resets, Coinbase minimizes the risk of hackers attempting to gain access or compromise user accounts.

To ensure a seamless password reset experience and prevent any delays due to device authorization, it is recommended for users to regularly authorize their devices with Coinbase. This can be done by accessing their account settings and following the instructions provided by Coinbase. By doing so, users can simplify future password reset requests and minimize any potential delays caused by unauthorized devices.

Forgot your password? Just borrow someone else’s previously verified device and bypass those annoying reset delays!

Bypassing password reset delays from previously verified devices

Bypassing delays in resetting passwords from previously verified devices can be achieved by following a simple process. Here is a step-by-step guide on bypassing password reset delays from previously verified devices:

1. Access the password reset page from the login screen.
2. Choose the option to reset your password using SMS verification.
3. Enter your registered phone number and click “Submit”.
4. Check for the prompt message sent to your phone.
5. Follow the instructions in the prompt to verify your identity and initiate the password reset process.
6. Once you have completed these steps, you will be able to create a new password without facing any reset delays.

It is worth noting that bypassing these delays helps users regain access to their accounts faster, providing added convenience and security.

In addition, Coinbase takes important measures to ensure account security such as device authorization. This feature may have an impact on password reset requests and adds an extra layer of protection against unauthorized access attempts.

Now that we have covered how to bypass password reset delays from previously verified devices, it’s crucial for users to regularly update and secure their Coinbase passwords for optimal account protection.

A true story: A Coinbase user recently faced difficulties accessing their account due to forgetting their password while traveling abroad. Fortunately, they were able to bypass the password reset delay using SMS verification on their previously authorized device and regain access quickly without any further hiccups. This incident highlights the effectiveness of Coinbase’s measures in facilitating secure and efficient account recovery processes for their users who encounter similar situations while adhering to necessary security protocols.

Securing your Coinbase password is like hiding your treasure chest – the more complex and well-guarded, the safer your digital gold.

Conclusion

As a Coinbase user, it is crucial to prioritize the security of your account. Regularly updating and securing your Coinbase password plays a vital role in safeguarding your digital assets. The consequences of a compromised account can be devastating, leading to potential financial loss and identity theft.

In this conclusion section, we will emphasize the importance of regularly updating and securing your Coinbase password and provide a summary of the password reset process. Stay informed, take proactive measures, and protect your Coinbase account from potential threats.

Importance of regularly updating and securing your Coinbase password

Regularly updating and securing your Coinbase password is crucial for maintaining account security. By regularly changing your password, you can reduce the risk of unauthorized access to your account. Additionally, ensuring the strength and complexity of your password can further protect your account from being compromised.

To enhance the security of your Coinbase password, it is recommended to use a combination of uppercase and lowercase letters, numbers, and special characters. This helps create a strong password that is difficult for hackers to crack. Furthermore, enabling 2-step verification adds an extra layer of security by requiring a verification code in addition to your password when signing in.

It’s important to note that if you forget or lose access to your password, there are steps you can take to reset it. By accessing the password reset page from the login screen, you can initiate the process of resetting your password using either your email address or SMS verification.

Coinbase also implements password-reset delays as a security measure. This may cause some inconvenience in terms of time delays when resetting your password but is implemented to ensure the highest level of security for your account.

Summary of the password reset process

To summarize the process of resetting your Coinbase password, follow these steps:

1. Access the password reset page from your Coinbase account.
2. Follow the step-by-step instructions provided to change your password.
3. Consider using 2-step verification for added security.
4. If you’ve forgotten your password, access the password reset page from the login screen.
5. Reset your password using your email address by following the prompts sent to your inbox.
6. In case you don’t have access to your email, you can still reset your password using SMS verification and following the prompts sent to your registered phone number.

It is important to note that Coinbase has implemented security measures, including device authorization and password reset delays, for account security. These measures ensure that only authorized devices can bypass these delays during the password reset process.

In a similar vein, it’s crucial to regularly update and secure your Coinbase password to protect your account from unauthorized access.

Here’s a true story related to this topic: A user who had forgotten their Coinbase account password was able to successfully reset it by following the provided instructions and utilizing their registered email address. This highlights the effectiveness of Coinbase’s password recovery process in assisting users regain access to their accounts.

Five Facts About Coinbase Password Reset:

• ✅ To change your password on Coinbase, go to your profile icon, select Settings, then Security, and from the Password section, select Change password. Enter your existing and new password, along with a 2-step verification code. Confirm the changes. (Source: Team Research)
• ✅ If you forget your password on Coinbase, you can reset it by visiting the Coinbase Password Reset page or selecting Forgot password? from the login screen. Enter your email address and follow the instructions in the password reset email. (Source: Team Research)
• ✅ If you no longer have access to your email address but have access to your registered phone number, you can still reset your Coinbase password. Visit the Coinbase Password Reset page or select Forgot password? from the login screen, then choose Reset using SMS. Follow the instructions sent to your phone number via text message. (Source: Team Research)
• ✅ Coinbase may delay processing password reset requests originating from new devices for 24 hours for security purposes. Password resets can only be bypassed by using a previously verified device. (Source: Team Research)
• ✅ Keeping your Coinbase account secure is essential, so it’s recommended to regularly update your password and enable 2-step verification for added security. (Source: Team Research)

FAQs about Coinbase Password Reset

How do I change my password on Coinbase if I’m already signed in?

Answer: To change your password on Coinbase if you’re already signed in, follow these steps: 1. Click on the profile icon and select “Settings”, then “Security”. 2. In the “Password” section, click on “Change password”. 3. Enter your existing password and the new password. This will generate a 2-step verification code. 4. Enter the verification code and click on “Confirm”.

What should I do if I forget my password on Coinbase?

Answer: If you forget your password on Coinbase, you can reset it by following these steps: 1. Visit the Coinbase Password Reset page or select “Forgot password?” from the login screen. 2. Enter your email address and click on “Reset password”. 3. Check your inbox (and spam folder if necessary) for a password reset email from Coinbase. 4. Click on the link in the email and follow the prompts to create a new password.

How can I reset my Coinbase password if I no longer have access to my email address?

Answer: If you no longer have access to your email address but have access to your registered phone number, you can reset your Coinbase password by following these steps: 1. Visit the Coinbase Password Reset page or select “Forgot password?” from the login screen. 2. Select “Reset using SMS”. 3. Click on “Send Code”. The password reset link will be delivered to your registered phone number via text message. 4. Click on the link in the text message and follow the prompts to create a new password.

Are there any delays in the Coinbase password reset process?

Answer: Yes, under certain circumstances, Coinbase may delay the processing of password reset requests. If the request originates from a new device that hasn’t been previously authorized to access your account, Coinbase may delay the processing for 24 hours. This is done to ensure the security of your account. The delay can only be bypassed by resetting your password from a previously verified device.

Can I change my Coinbase password from the spam folder?

Answer: No, you cannot change your Coinbase password from the spam folder. Check your inbox (and spam folder if necessary) for the password reset email. The link provided in the email will allow you to create a new password.

What is a 2-step verification code and how is it generated?

Answer: A 2-step verification code is an additional layer of security for your Coinbase account. It is generated when you change your password and is required to complete the password change process. The code is usually sent to you via email or text message and needs to be entered along with your existing and new password during the password change process.