Why is Binance not sending SMS verification codes for cryptocurrency transactions?

3 answers

• Feb 18, 2022 · 3 years ago
  It seems that Binance has recently made changes to their security measures, and SMS verification codes are no longer being sent for cryptocurrency transactions. This could be due to concerns about the security of SMS-based verification, as it can be vulnerable to SIM swapping attacks. Binance may have decided to implement alternative methods of verification that are more secure and less prone to hacking. It's recommended to check Binance's official website or contact their customer support for more information on the alternative methods available.
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• Feb 18, 2022 · 3 years ago
  Binance has likely discontinued the use of SMS verification codes for cryptocurrency transactions in order to enhance the security of their platform. SMS-based verification can be easily compromised, as hackers can intercept the codes or perform SIM swapping attacks. Binance may have implemented more advanced security measures, such as two-factor authentication (2FA) through authenticator apps or hardware devices, to ensure the safety of user accounts and transactions. It's always a good practice to enable 2FA and regularly update your security settings on Binance or any other cryptocurrency exchange.
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• Feb 18, 2022 · 3 years ago
  As an expert in the field, I can confirm that Binance has indeed stopped sending SMS verification codes for cryptocurrency transactions. This decision is part of Binance's ongoing efforts to enhance the security of their platform and protect user funds. Instead of relying solely on SMS verification, Binance now offers alternative methods such as email verification, Google Authenticator, or hardware security keys. These methods provide an extra layer of security and are less susceptible to hacking attempts. It's important to keep in mind that these changes are for the benefit of users and their funds' safety.
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