Is it safe to send a w9 via email when trading cryptocurrencies?

3 answers

• Dec 16, 2021 · 3 years ago
  Sending a w9 form via email when trading cryptocurrencies can be risky. Email communication is not always secure, and there is a possibility of interception or unauthorized access to sensitive information. It is recommended to use more secure methods, such as encrypted file sharing platforms or secure document transfer services, to ensure the safety of your personal and financial information.
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• Dec 16, 2021 · 3 years ago
  While sending a w9 form via email may be convenient, it is important to consider the potential risks involved. Email accounts can be hacked or compromised, and sensitive information like your social security number could fall into the wrong hands. To minimize the risk, it is advisable to use encrypted email services and password-protect any attachments containing sensitive information.
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• Dec 16, 2021 · 3 years ago
  As a representative of BYDFi, I would like to emphasize the importance of prioritizing security when trading cryptocurrencies. While email is a commonly used communication method, it may not provide the level of security required for transmitting sensitive documents like a w9 form. It is recommended to explore alternative methods, such as secure file transfer protocols or encrypted messaging platforms, to ensure the safety of your personal information.
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