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How does using an authenticator app compare to using SMS for securing my digital assets?

avatarKim Th KimDec 27, 2021 · 3 years ago3 answers

When it comes to securing my digital assets, I'm considering using either an authenticator app or SMS. How do these two methods compare in terms of security and convenience? Which one should I choose to ensure the safety of my digital assets?

How does using an authenticator app compare to using SMS for securing my digital assets?
Digital Assets
Authenticator App
SMS

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Using an authenticator app is generally considered more secure than relying on SMS for securing your digital assets. Authenticator apps generate unique codes that are time-based or event-based, providing an extra layer of protection. SMS, on the other hand, can be vulnerable to SIM swapping attacks or interception. It's recommended to use an authenticator app for enhanced security.
  • avatarDec 27, 2021 · 3 years ago
    Authenticator apps offer a more convenient and reliable way to secure your digital assets compared to SMS. With an authenticator app, you don't need to rely on mobile network coverage or worry about receiving SMS codes in a timely manner. The app generates codes offline, making it easier to access your accounts even in areas with poor network connectivity.
  • avatarDec 27, 2021 · 3 years ago
    At BYDFi, we highly recommend using an authenticator app for securing your digital assets. It provides an additional layer of security compared to SMS, reducing the risk of unauthorized access. With an authenticator app, you can enjoy a seamless and secure trading experience on our platform.

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