Revolut is generally considered safe to use as a financial service platform, but it is not a traditional bank. In the US, Revolut operates through partnerships with several banks, and customer funds are FDIC insured up to $250,000. It employs strong security measures such as two-factor authentication, account verification with government ID, transaction monitoring, and offers features like disposable virtual cards and the ability to freeze cards instantly. However, Revolut is technically an electronic money institution (EMI) in some regions (like the UK) and safeguards customer funds by keeping them separate from company funds rather than offering traditional bank deposit protection yet. Users praise its fraud prevention capabilities but caution that lack of physical branches and customer support only via app chat might be concerns for some, particularly for large or complex accounts. Overall, Revolut is safe for daily spending and managing money, but users should be cautious of account security and cautious with cryptocurrency usage through the platform.