The coin is working on establishing a Foundation, which then intends to hire a law firm to get a legal opinion that BiblePay is not a security.  Beyond that, the accounting of how coins are distributed is searchable via an explorer, there is an accountability page which has receipts proving the donations that the coin has made.  In the end, safety is a relative term, but given the nature of the cryptocurrency markets, any investment requires due diligence on the part of the investor to weigh the evidence and decide if an individual feels the risk is acceptable.