Erasing all content on old phone

I'm trying to erase all content & settings on an old iphone in order to give it to a friend. But when I try through Settings and it asks me for my Apple ID, I get a message saying "Verification failed. There was an error connecting to iCloud." But my info is correct.

The only way to do so is to start over: Settings>General>Reset>Erase All Content & Settings. You won't be able to use the backup of your old phone unless you are setting up a new phone.

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