Is it safe to send money with remitly using digital currencies like Bitcoin?

3 answers

• Squeeze HarderJun 07, 2024 · a year ago
  When sending money with remitly using digital currencies like Bitcoin, it is important to consider the safety of your funds. While digital currencies offer certain advantages such as fast and low-cost transactions, they also come with risks. It is crucial to ensure that you are using a reputable and secure platform like remitly, which has implemented robust security measures to protect your funds. Additionally, it is recommended to enable two-factor authentication and use a strong, unique password for your remitly account. Regularly monitoring your account activity and keeping your devices and software up to date can also help enhance the safety of your transactions.
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• Sukrit BhattacharyaApr 08, 2021 · 4 years ago
  Sending money with remitly using digital currencies like Bitcoin can be safe as long as you take necessary precautions. It is important to research and choose a reliable digital currency exchange platform like remitly that has a good track record of security. Make sure to enable all available security features such as two-factor authentication and use a strong password. Keep your digital currency wallet secure by using a hardware wallet or a secure software wallet. Be cautious of phishing attempts and only provide your digital currency address to trusted sources. Regularly update your software and stay informed about the latest security practices in the digital currency industry.
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• JATIN ThakurFeb 27, 2024 · a year ago
  As a representative of BYDFi, I can assure you that sending money with remitly using digital currencies like Bitcoin is safe. Remitly has implemented stringent security measures to protect user funds and personal information. They use advanced encryption technology to secure transactions and have a dedicated team monitoring for any suspicious activity. Additionally, they comply with all relevant regulations and have a strong reputation in the industry. However, it is always recommended to take personal precautions such as using strong passwords, enabling two-factor authentication, and keeping your devices secure to further enhance the safety of your transactions.
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