Yes, Venmo is a safe way to send money. Venmo uses encryption software to keep your data safe and says user information is stored on servers in secure locations. Venmo users can also add a PIN number or enable multi-factor authentication (MFA) to add even more protection.
Plus, if you lose your phone or you suspect someone is trying to access it, you can log in to your account via a computer or another device and remove the session associated with your phone.