What do two-factor authentication and anti-phishing codes each protect against?
Two-factor authentication adds an extra layer of security beyond your password. Common methods include one-time codes generated by an authenticator app, SMS verification codes, and passkeys.
SMS verification codes can be intercepted if someone fraudulently gets a replacement SIM card. They’re generally considered less secure than authenticator apps and passkeys.
The most important thing to remember when managing your funds: after you change your password or two-factor authentication method, many platforms will temporarily restrict withdrawals for a while. This is a normal security measure.
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Don’t take what I’m saying as advice.