What are the best ways to protect your cryptocurrency from sim swap attacks?

3 answers

• Dec 16, 2021 · 3 years ago
  One of the best ways to protect your cryptocurrency from sim swap attacks is to enable two-factor authentication (2FA) on all your accounts. This adds an extra layer of security by requiring a second form of verification, such as a fingerprint or a unique code sent to your mobile device. Make sure to use a reputable 2FA app and avoid SMS-based 2FA, as it can be vulnerable to sim swap attacks.
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• Dec 16, 2021 · 3 years ago
  Another important step to protect your cryptocurrency is to regularly update your passwords and use strong, unique passwords for each account. Avoid using common phrases or easily guessable information. Consider using a password manager to securely store and generate complex passwords.
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• Dec 16, 2021 · 3 years ago
  At BYDFi, we understand the importance of protecting your cryptocurrency from sim swap attacks. That's why we recommend using a hardware wallet, such as a Ledger or Trezor, to store your digital assets. Hardware wallets provide an extra layer of security by keeping your private keys offline and protected from potential sim swap attacks. Remember to always purchase hardware wallets directly from the manufacturer or authorized resellers to avoid counterfeit devices.
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