Is it safe to provide my phone number when signing up for a cryptocurrency exchange in Australia?

3 answers

• Apr 30, 2022 · 3 years ago
  Yes, it is generally safe to provide your phone number when signing up for a cryptocurrency exchange in Australia. Most reputable exchanges have robust security measures in place to protect user information. However, it's important to be cautious and ensure that you are signing up for a legitimate and trusted exchange. Always research the exchange's reputation, read reviews, and check if they have implemented two-factor authentication (2FA) to enhance security. Additionally, consider using a separate phone number or a virtual phone number for added privacy.
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• Apr 30, 2022 · 3 years ago
  Providing your phone number when signing up for a cryptocurrency exchange in Australia can be safe, but it's crucial to be mindful of potential risks. One risk is the possibility of your phone number being leaked or sold to third parties, which could result in unwanted spam calls or even targeted phishing attempts. To mitigate this risk, consider using a virtual phone number or a privacy-focused messaging app that allows you to create a separate phone number for verification purposes. Additionally, regularly monitor your accounts and enable any available security features, such as 2FA, to further protect your information.
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• Apr 30, 2022 · 3 years ago
  At BYDFi, we prioritize the security and privacy of our users. When signing up for a cryptocurrency exchange in Australia, it is generally safe to provide your phone number. We have implemented strict security measures to safeguard user information and prevent unauthorized access. However, it's important to remain vigilant and take necessary precautions, such as enabling 2FA and regularly updating your passwords. If you have any concerns or questions about the safety of providing your phone number, feel free to reach out to our support team for assistance.
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