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How can I secure my cryptocurrency transactions with SMS codes?

avatarCoreyNov 26, 2021 · 3 years ago3 answers

I want to enhance the security of my cryptocurrency transactions by using SMS codes. How can I do that?

How can I secure my cryptocurrency transactions with SMS codes?

3 answers

  • avatarNov 26, 2021 · 3 years ago
    Using SMS codes as an additional layer of security for cryptocurrency transactions is a smart move. To get started, you'll need to enable two-factor authentication (2FA) on your cryptocurrency exchange account. This will typically involve linking your phone number to your account. Once enabled, whenever you log in or initiate a transaction, you'll receive an SMS code on your phone. You'll need to enter this code to proceed with the transaction. This adds an extra layer of protection against unauthorized access to your account and ensures that only you can authorize transactions.
  • avatarNov 26, 2021 · 3 years ago
    Securing your cryptocurrency transactions with SMS codes is a great way to protect your funds. To set it up, go to your account settings on your cryptocurrency exchange platform and enable two-factor authentication (2FA). This will require you to link your phone number to your account. Once enabled, whenever you want to perform a transaction, you'll receive an SMS code that you need to enter to verify your identity. This adds an extra layer of security by ensuring that even if someone has your account password, they won't be able to complete transactions without the SMS code sent to your phone.
  • avatarNov 26, 2021 · 3 years ago
    At BYDFi, we highly recommend using SMS codes to secure your cryptocurrency transactions. Enabling two-factor authentication (2FA) is a crucial step in protecting your funds. To set it up, go to your account settings and enable 2FA. Once activated, you'll receive an SMS code every time you want to perform a transaction. This code acts as a second layer of verification, ensuring that only you can authorize transactions. It's a simple yet effective way to enhance the security of your cryptocurrency transactions.