Why is it important to verify your phone number when dealing with digital currencies?

3 answers

• Keven Olvera ContrerazJan 30, 2024 · 2 years ago
  Verifying your phone number is essential when dealing with digital currencies because it adds an extra layer of security to your transactions. By verifying your phone number, you can ensure that only authorized individuals have access to your account and funds. This helps prevent unauthorized transactions and protects your assets from potential theft or fraud.
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• Mateo LencinaApr 19, 2024 · a year ago
  When it comes to digital currencies, verifying your phone number is a must. It helps to establish your identity and ensures that you are the only one with access to your account. By providing your phone number, you can receive important security notifications and alerts, such as suspicious activity or login attempts. This allows you to take immediate action and protect your funds from any potential threats.
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• Jeffrey HullemanMar 03, 2021 · 5 years ago
  Verifying your phone number is an important step in securing your digital currency transactions. It helps to prevent unauthorized access to your account and adds an extra layer of protection against potential hacks or scams. By verifying your phone number, you can also enable two-factor authentication, which requires both your password and a unique code sent to your phone to log in. This significantly reduces the risk of unauthorized access and ensures that only you can control your digital assets.
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