In light of recent news of Coinbase being sued from a guy getting hacked for 96K for using 2FA SMS.
You should never absolutely never, use 2FA SMS. Always use an Authenticator app such as
Google Authenticator Aegis (For Android users)
Cons of SMS 2FA:
Vulnerable to SIM swapping attacks – An attacker takes over the mobile phone number by cheating the mobile telecom provider into linking the number to the attacker’s SIM card. Susceptible to SIM duplication attacks – An attacker uses SIM card copying software to create a copy of the real SIM card.
If you’re a newbie I/We suggest you use 2FA App Authenticator like Google Authenticator and they are also easy to use and much safer to use as well. It’s better to be safe with your Crypto than to use shitty protection security.
Be safe and always use an Authenticator app.
submitted by /u/lordcolorado
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