How can changing my phone number help me protect my digital assets in the cryptocurrency market?

3 answers

• Olsson McKeeOct 29, 2022 · 3 years ago
  Changing your phone number is crucial for safeguarding your digital assets in the cryptocurrency market. By updating your phone number, you can enable two-factor authentication (2FA) and receive security alerts via SMS. This adds an extra layer of protection to your accounts, making it harder for hackers to gain unauthorized access. Additionally, if your old phone number falls into the wrong hands, it could be used for SIM swapping attacks, where hackers take control of your phone number to bypass security measures. By changing your phone number, you can mitigate this risk and ensure the security of your digital assets.
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• alkaliAug 16, 2025 · 11 days ago
  Updating your phone number is like putting a lock on the door of your cryptocurrency accounts. It helps prevent unauthorized access and keeps your digital assets safe. Without updating your phone number, you may miss out on important security notifications and alerts. Hackers are constantly evolving their tactics, and having an outdated phone number increases the risk of falling victim to phishing attacks or SIM swapping. By changing your phone number and keeping it up to date, you can stay one step ahead of potential threats and protect your valuable digital assets.
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• Toni WarkentinJun 06, 2025 · 3 months ago
  At BYDFi, we highly recommend changing your phone number as part of your overall security strategy in the cryptocurrency market. By doing so, you can enhance the protection of your digital assets and minimize the risk of unauthorized access. With an updated phone number, you can enable 2FA and receive real-time security alerts, ensuring that you are promptly notified of any suspicious activities. Additionally, changing your phone number can help prevent SIM swapping attacks, which have become increasingly prevalent in the cryptocurrency space. Take control of your security by updating your phone number and safeguarding your digital assets.
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