Don’t use your number for 2FA on crypto accounts — here’s why



Ultra-tight account security in the cryptocurrency world is a must. Not only are your digital assets at risk, but crypto exchanges are notorious for offering lousy customer support. If your account gets hacked and a malicious actor drains your funds, good luck finding a live agent! Even Coinbase, one of the world’s most popular crypto exchanges, is known for being as helpful as a chocolate teapot when it comes to recovering compromised accounts.

As such, crypto investors should be gung-ho about implementing preventative security measures because the crypto realm isn’t as forgiving as the fiat world when it comes to lost assets. Two-factor authentication (2FA) is a highly recommended way to add an extra layer of security to your account, but there’s a caveat — using your number could put your assets in grave danger. There’s a troubling scam that’s growing more popular among crypto hackers: SIM swapping. 

What is SIM Swapping?


Source link