Why is it important to verify my phone number when trading cryptocurrencies?

3 answers

• ArcticPodDec 24, 2020 · 5 years ago
  Verifying your phone number when trading cryptocurrencies is essential for security purposes. By linking your phone number to your trading account, you add an extra layer of protection against unauthorized access. This verification process helps ensure that only you have control over your account and can prevent potential hacking attempts.
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• Prasanna ThapaSep 06, 2021 · 4 years ago
  Verifying your phone number is important because it allows the cryptocurrency exchange to communicate with you more effectively. In case of any suspicious activity or account-related issues, the exchange can quickly reach out to you through SMS or phone calls. This helps in resolving any problems promptly and ensures a smooth trading experience.
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• Jingze WangMay 04, 2024 · a year ago
  At BYDFi, we highly recommend verifying your phone number to enhance the security of your cryptocurrency trading. It helps protect your account from unauthorized access and provides an additional level of authentication. Verifying your phone number also enables us to keep you updated with important information and announcements related to your trading activities.
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