Are there any recommended methods to verify my phone number for digital currency exchanges?

3 answers

• Nov 28, 2021 · 3 years ago
  One recommended method to verify your phone number for digital currency exchanges is to use a two-factor authentication (2FA) system. This adds an extra layer of security to your account by requiring you to enter a code sent to your phone number before logging in. It helps to prevent unauthorized access and protect your funds. Many exchanges offer this feature, so make sure to enable it when setting up your account.
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• Nov 28, 2021 · 3 years ago
  Another method is to provide a valid phone number during the registration process. The exchange may send a verification code to your phone number, which you will need to enter on the platform to complete the verification process. This helps to ensure that you are a real person and not a bot or a scammer. It's a common practice among digital currency exchanges to verify users' phone numbers to enhance security and prevent fraud.
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• Nov 28, 2021 · 3 years ago
  At BYDFi, one of the digital currency exchanges, they have a third-party verification system in place. When you sign up for an account, you will be redirected to a trusted third-party service that will verify your phone number. This adds an extra layer of security and ensures that your phone number is valid. It's a recommended method to verify your phone number for digital currency exchanges as it helps to prevent fraud and protect your account.
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