Mobile devices like phones and laptops have seen groundbreaking technological advancements when it comes to mobile money transfers and payments. A money transfer app like Afriex helps you to easily pay for goods and services, or just send money to your loved ones in the comfort of your own home. You can do this without having to deal with a load of petty cash or bank cards while saving a ton of valuable time.

Safety, however, should be at the top of your priority list when it comes to sending money over the Internet. You could fall prey and lose sensitive data and money. Cybercriminals are becoming more cunning by the day. They find loopholes to trick the system, and the system users into divulging trade secrets and of course, your own personal information.The liquidity forex definition refers to the extent to which a particular asset can be bought or sold quickly on the market without having a significant effect on its price. Liquidity is an important factor that investors assess when making their trading decisions since it has an effect on their trades.

While you navigate the turbulent waters of online money and cryptocurrency transfers, below are a few tips to ensure safety when sending money abroad using your device.

Avoid Public WI-FI like A Plague

While free things may sound appealing since you momentarily save the money in your pocket, it poses dire consequences. These hotspots are common in public places like malls, airports, restaurants, and sometimes even transportation vehicles. You can easily connect to them without having to part with your hard-earned money. This open access, however, poses a security threat to you. Skilled unauthorized users, colloquially referred to as cybercriminals, can easily access your personal data. They can also gain access to your device by remotely installing malware, for example, spyware, on your device. Thus, enabling them to gain access to your personal info and even steal your online identity.

Under no circumstances whatsoever should you carry out mobile banking, open money transfer apps, or manage your mobile wallet while connected to a public internet source. Instead, always wait till you can use a secure WI-FI network or just stick to the plan you know and trust – mobile data.

Secure Your Login Credentials

Having a doppelganger is a marvel but having a stranger steal your identity is no easy feat to come from. Every money transfer app on the market requires you to set up an account, which further requires a working email address, before carrying out any online transactions. Some of the applications will guide you on how to come up with a secure password. Always keep in mind that a strong password comprises uppercase and lowercase characters, symbols, and numbers.

Mix it up. Using the same password for multiple applications puts you at the mercy of cybercriminals. If your memory is not what it used to be in your glory days, then a secure online password manager tool is a worthy addition to your arsenal. They store passwords for different applications securely. Thus, ensuring you and your money are not assets for fraudsters.

Do a Thorough Background Check on the Money Transfer App You Want To Download

Before you buy or download that money transfer app that has been taking your neighborhood by storm, carry out extensive research on the company online. If it’s a well-established, secure, and reputable company then well and good. On the other hand, if there’s very minimal to no online presence at all then step away from it.

Just to be on the safe side, you can opt to download a money transfer app directly from your phone’s app store to protect you from unauthorized access to sensitive information.

Prepare For When You Lose Your Mobile Device

Losing a mobile device can be an execrable experience. But it does happen to the best of us. If your device doesn’t have a secure authentication system to unlock it and for logging into mobile payment platforms, then that’s a huge blow.

Let this not deter you from using the Afriex application to send your loved ones money. A few of the ways you can prepare for device theft is by ensuring you follow these guidelines:

• Always ensure you have installed appropriate location apps on your phone to help with finding your lost device. GPS phone locator apps like Find My Phone helps to track your device remotely.
• You could also invest in applications that help you wipe data from your device remotely

Use Pricing Comparison Tools to Save On Costs

Different companies have different rules when it comes to the pricing of the services offered. The cost of sending money abroad largely depends on several factors. Such include the current market exchange rates and the different sending fees according to the money transactions. A pricing comparison tool gives you the rare chance of comparing the different net fees you will incur. Then you can choose the one best tailored to your needs.

Final Thoughts

Whether you are dealing with cryptocurrency or online money transfer; safety is an integral part if you want to send currencies abroad. There are a plethora of money transfer apps in the market today. They all can help you achieve your goal. Just remember, your helmet of safety comes first.