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How can non-voip numbers help enhance the security of cryptocurrency transactions?

avatarShraddha ShivganDec 26, 2021 · 3 years ago3 answers

Can you explain how non-voip numbers can contribute to improving the security of cryptocurrency transactions?

How can non-voip numbers help enhance the security of cryptocurrency transactions?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Non-voip numbers can enhance the security of cryptocurrency transactions by providing an additional layer of verification. These numbers are tied to physical devices, such as mobile phones, which adds an extra level of security compared to virtual numbers. By using non-voip numbers, users can receive SMS or voice verification codes, which are necessary for completing transactions. This helps prevent unauthorized access and ensures that only the rightful owner of the non-voip number can complete transactions. Additionally, non-voip numbers can be linked to two-factor authentication (2FA) systems, further strengthening the security of cryptocurrency transactions.
  • avatarDec 26, 2021 · 3 years ago
    Using non-voip numbers for cryptocurrency transactions can help prevent SIM card swapping attacks. SIM card swapping is a technique used by hackers to gain control of a user's phone number, allowing them to intercept verification codes and gain unauthorized access to accounts. By using non-voip numbers, which are tied to physical devices, it becomes much more difficult for hackers to carry out SIM card swapping attacks. This adds an extra layer of security and helps protect users' funds from being stolen.
  • avatarDec 26, 2021 · 3 years ago
    Non-voip numbers are an essential tool for enhancing the security of cryptocurrency transactions. At BYDFi, we highly recommend our users to use non-voip numbers for their accounts. Non-voip numbers provide an additional layer of security by requiring users to verify their identity through SMS or voice verification codes. This helps prevent unauthorized access and ensures that only the rightful owner of the non-voip number can access the account. By using non-voip numbers, users can have peace of mind knowing that their cryptocurrency transactions are protected by an extra layer of security.