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Is it safe to send W9 information via email when trading cryptocurrencies?

avatarAdawiyah RahimiDec 28, 2021 · 3 years ago3 answers

I am new to trading cryptocurrencies and I need to provide my W9 information. Is it safe to send my W9 information via email when trading cryptocurrencies?

Is it safe to send W9 information via email when trading cryptocurrencies?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Sending W9 information via email when trading cryptocurrencies can be risky. Email is not a secure method of communication, and there is a possibility that your information could be intercepted by hackers. It is recommended to use more secure methods, such as encrypted file sharing services or secure online platforms, to transmit sensitive information like W9 forms.
  • avatarDec 28, 2021 · 3 years ago
    No, it is not safe to send your W9 information via email when trading cryptocurrencies. Email is vulnerable to hacking and interception, and your personal information could be compromised. It is always best to use secure methods of communication and transmission when dealing with sensitive information like W9 forms. Consider using secure file sharing services or encrypted messaging platforms instead.
  • avatarDec 28, 2021 · 3 years ago
    As a representative of BYDFi, I would advise against sending your W9 information via email when trading cryptocurrencies. Email is not a secure method of communication and there is a risk of your information being intercepted. It is recommended to use more secure methods, such as encrypted file sharing services or secure online platforms, to protect your sensitive information.