Why is it important to have a mobile number associated with a cryptocurrency exchange account?

3 answers

• Nov 23, 2021 · 3 years ago
  Having a mobile number associated with a cryptocurrency exchange account is essential for account security. By linking your mobile number, you add an extra layer of protection to your account. In case someone tries to access your account without your permission, the exchange can send you a verification code via SMS to confirm your identity and prevent unauthorized access. This helps to safeguard your funds and personal information from potential hackers or scammers.
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• Nov 23, 2021 · 3 years ago
  One of the main reasons to have a mobile number associated with a cryptocurrency exchange account is to enable two-factor authentication (2FA). 2FA adds an extra step to the login process by requiring you to enter a verification code sent to your mobile device. This significantly reduces the risk of unauthorized access, as even if someone manages to obtain your login credentials, they would still need physical access to your mobile device to complete the login process. It adds an additional layer of security to protect your funds and assets.
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• Nov 23, 2021 · 3 years ago
  At BYDFi, we highly recommend associating a mobile number with your cryptocurrency exchange account. It not only enhances the security of your account but also allows you to receive important notifications and alerts directly on your mobile device. This ensures that you stay updated about any suspicious activities or changes in your account. Additionally, having a mobile number associated with your account can make the account recovery process easier in case you forget your login credentials or encounter any other issues. It provides an added convenience and peace of mind for our users.
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