How can non-voip numbers help improve security in the cryptocurrency industry?

3 answers

• Riddhi SanapJun 14, 2024 · a year ago
  Non-voip numbers can help improve security in the cryptocurrency industry by providing an additional layer of authentication. By linking a non-voip number to a user's cryptocurrency account, it becomes more difficult for hackers to gain unauthorized access. This can help prevent unauthorized transactions and protect user funds. Additionally, non-voip numbers can be used for two-factor authentication, adding an extra level of security to the login process. Overall, non-voip numbers can help reduce the risk of account compromise and enhance the security of the cryptocurrency industry.
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• Peter VeenstraOct 30, 2020 · 5 years ago
  Using non-voip numbers in the cryptocurrency industry can help prevent SIM card swapping attacks. SIM card swapping is a technique used by hackers to gain control of a user's phone number and intercept SMS-based authentication codes. By using non-voip numbers, which are typically tied to physical SIM cards, users can mitigate the risk of SIM card swapping attacks and protect their cryptocurrency accounts. It is important for users to choose a reliable non-voip number provider and ensure that their phone number is securely linked to their cryptocurrency account.
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• Jivan Bista ComputingJun 03, 2022 · 3 years ago
  In the cryptocurrency industry, non-voip numbers can be used for identity verification and KYC (Know Your Customer) processes. By requiring users to verify their identity using a non-voip number, cryptocurrency exchanges can ensure that only legitimate users are able to create accounts and access their services. This helps prevent fraud, money laundering, and other illegal activities. Non-voip numbers provide a more reliable form of identification compared to virtual phone numbers, as they are typically linked to a physical address and require more stringent verification processes. By implementing non-voip number verification, cryptocurrency exchanges can enhance the overall security and trustworthiness of their platforms.
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