What are the benefits of verifying your user account with SMS in the cryptocurrency industry?

3 answers

• jamieteeJul 18, 2024 · a year ago
  Verifying your user account with SMS in the cryptocurrency industry provides an added layer of security. By linking your mobile phone number to your account, you can receive SMS notifications for important account activities, such as login attempts or withdrawals. This helps to prevent unauthorized access and protect your funds.
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• silpaOct 21, 2020 · 5 years ago
  In the cryptocurrency industry, verifying your user account with SMS can also help to comply with regulatory requirements. Many jurisdictions require cryptocurrency exchanges to implement strong user verification measures, and SMS verification is often considered a reliable method. By verifying your account, you can ensure that you are operating within the legal framework and reduce the risk of regulatory penalties.
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• QuantumheistDec 27, 2020 · 5 years ago
  At BYDFi, we highly recommend verifying your user account with SMS. It adds an extra layer of security to your account and helps to protect your funds from unauthorized access. Additionally, SMS verification can help us ensure that our platform is being used by legitimate users, which helps to maintain a safe and trusted trading environment for all our users.
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