Security Tips: Protecting Your Wallet and Reference Code
Introduction
Security is critical when managing funds for construction projects. Protecting your wallet and reference code ensures your money is safe and used only for the right purposes.
Best Practices
-
Never share your reference code. Treat it like a password.
-
Enable Two-Factor Authentication (2FA). Adds an extra layer of security to your account.
-
Review transaction logs weekly. Regular checks help you spot suspicious activity early.
-
Verify beneficiary details before payouts. Mistakes could send funds to the wrong person.
Tip: Assign roles carefully and regularly review who has access to sensitive features.
Related Articles
What is the Main Wallet and How Do I Fund It?
What is the Main Wallet and How Do I Fund It? Introduction Your Main Wallet is the central account in Fara where all incoming funds are first stored. Think of it as your starting point. From here, you can convert funds into different currencies, move ...
Understanding Your Wallet Reference Code and Why It Matters
Introduction Every transfer into Fara requires a reference code. This unique code acts like your digital fingerprint, ensuring that every payment you make is properly tracked and matched to your wallet. Without it, your funds may be delayed or ...
Tracking Your Wallet Balance and Transaction History
Overview Fara makes it simple to keep track of your money. You can check your wallet balance at any time and review all past transactions in detail. This ensures you always know how much you have available and where your funds are going. Checking ...
Getting Started With Fara - Everything You Need to Know
Getting Started With Fara – Everything You Need to Know What is Fara? Fara is a platform that makes it simple for people in the diaspora to manage and fund property development projects back home. It allows you to send money in USD, convert it into ...
Glossary of Terms: Wallet, FX, Project Wallet, Expense, Beneficiary
Introduction Understanding Fara’s key terms helps you navigate the platform with confidence. Key Terms Wallet: Your digital balance (USD, GHS, NGN, etc.). FX (Foreign Exchange): The currency conversion rate used when changing USD to local currencies. ...