How can I prevent sim swap method attacks on my cryptocurrency accounts?

3 answers

• May 23, 2022 · 3 years ago
  One effective measure to prevent sim swap method attacks on your cryptocurrency accounts is to enable two-factor authentication (2FA). By linking your account to a mobile app like Google Authenticator or Authy, you add an extra layer of security that requires a unique code in addition to your password. This makes it much harder for attackers to gain unauthorized access to your account.
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• May 23, 2022 · 3 years ago
  Another important step is to avoid using SMS-based 2FA, as it can be vulnerable to sim swap attacks. Instead, opt for app-based or hardware-based 2FA methods, as they are more secure and less susceptible to sim swap attacks.
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• May 23, 2022 · 3 years ago
  At BYDFi, we highly recommend using hardware wallets to store your cryptocurrencies. Hardware wallets are physical devices that securely store your private keys offline, making it nearly impossible for attackers to gain access to your funds through sim swap attacks or other online threats. They provide an extra layer of protection and are considered one of the safest ways to store cryptocurrencies.
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