How can I save on fees when sending money overseas with cryptocurrencies?

3 answers

• Todd WalterMar 14, 2024 · a year ago
  One strategy to save on fees when sending money overseas with cryptocurrencies is to use a peer-to-peer exchange platform. These platforms connect buyers and sellers directly, eliminating the need for intermediaries and reducing fees. Additionally, you can consider using stablecoins, which are cryptocurrencies pegged to a stable asset like the US dollar. Stablecoins often have lower transaction fees compared to other cryptocurrencies. Lastly, it's important to compare fees across different exchanges and choose the one with the lowest fees for international transfers. Remember to also consider factors like liquidity and security when selecting an exchange.
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• daumMay 23, 2021 · 4 years ago
  When it comes to saving on fees when sending money overseas with cryptocurrencies, one option is to use a decentralized exchange. Decentralized exchanges operate on a peer-to-peer network, allowing users to trade directly with each other without the need for intermediaries. This can help reduce fees as there are no middlemen involved. Another strategy is to take advantage of off-peak hours for transactions. During these times, network congestion is usually lower, resulting in lower fees. Additionally, consider using cryptocurrencies with lower transaction fees, such as Litecoin or Ripple. These cryptocurrencies often have faster transaction times and lower fees compared to Bitcoin.
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• I COFeb 23, 2021 · 4 years ago
  At BYDFi, we understand the importance of saving on fees when sending money overseas with cryptocurrencies. One way to achieve this is by using our platform, which offers competitive fees for international transfers. Our advanced technology ensures fast and secure transactions, while our user-friendly interface makes it easy to navigate the platform. Additionally, we offer a wide range of cryptocurrencies to choose from, allowing you to select the one with the lowest transaction fees. Join BYDFi today and start saving on fees when sending money overseas with cryptocurrencies!
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