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Yeah, this was phenomenal the first time I experienced it. I wish it also came with a "don't use SMS for 2-factor authentication" warning though. ;)

What 2FA method is preferred instead of SMS these days?

TOTP, I guess.

Hardware keys. If you can't use those, HOTP (push notification-based - OTP with an HMAC and a counter).

Users aren’t always in control of that though.