common-close-0
BYDFi
Trade wherever you are!

How can I verify my identity with SMS for cryptocurrency transactions?

avatarrajeev ahirDec 27, 2021 · 3 years ago3 answers

I want to know the process of verifying my identity using SMS for cryptocurrency transactions. How does it work and what are the steps involved?

How can I verify my identity with SMS for cryptocurrency transactions?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    To verify your identity with SMS for cryptocurrency transactions, you typically need to follow these steps: 1. Sign up for an account on a cryptocurrency exchange platform that supports SMS verification. 2. Provide your personal information, such as your full name, date of birth, and address. 3. Enable SMS verification in your account settings. 4. When you make a transaction, the exchange will send a verification code to your registered mobile number via SMS. 5. Enter the verification code on the exchange platform to complete the transaction. This process helps ensure the security of your transactions and prevents unauthorized access to your account.
  • avatarDec 27, 2021 · 3 years ago
    Verifying your identity with SMS for cryptocurrency transactions is a common security measure implemented by cryptocurrency exchanges. It adds an extra layer of protection to your account and helps prevent fraud and unauthorized access. By linking your mobile number to your account, you can receive a verification code via SMS whenever you make a transaction. This code acts as a confirmation that you are the rightful owner of the account and helps prevent unauthorized transactions.
  • avatarDec 27, 2021 · 3 years ago
    At BYDFi, we take identity verification seriously. When you sign up for an account, we require you to provide your personal information and enable SMS verification. This helps us ensure the security of your account and prevent fraudulent activities. When you make a transaction, we send a verification code to your registered mobile number via SMS. Simply enter the code on our platform to complete the transaction. Rest assured that your personal information is encrypted and protected.