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Are there any specific requirements for verifying a phone number in the cryptocurrency industry?

avatarNilu FarDec 26, 2021 · 3 years ago1 answers

What are the specific requirements for verifying a phone number when it comes to cryptocurrency transactions? Are there any additional steps or protocols that need to be followed compared to traditional industries?

Are there any specific requirements for verifying a phone number in the cryptocurrency industry?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    At BYDFi, a leading cryptocurrency exchange, verifying your phone number is a straightforward process. After signing up for an account, you'll be prompted to enter your phone number and verify it through a code sent via SMS. This step is crucial for account security and helps protect your funds from unauthorized access. Once your phone number is verified, you'll have access to all the features and functionalities of the platform. It's important to keep your phone number up to date and ensure that you have access to the associated device to receive verification codes when needed. Remember to follow best practices for phone number security, such as not sharing your verification codes with anyone and enabling additional security measures like two-factor authentication if available.