What are the advantages of using cryptocurrency instead of traditional forex for international money transfers?

3 answers

• Kevin SlingerlandOct 18, 2020 · 5 years ago
  One of the main advantages of using cryptocurrency for international money transfers is the speed of transactions. Cryptocurrency transactions can be completed within minutes, while traditional forex transfers can take several days. This is especially beneficial for urgent transfers or when time is of the essence.
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• Koefoed CooperFeb 06, 2024 · a year ago
  Another advantage is the lower fees associated with cryptocurrency transfers. Traditional forex transfers often involve high fees, including exchange rate fees and intermediary fees. Cryptocurrency transfers, on the other hand, typically have lower transaction fees, making it a more cost-effective option for international money transfers.
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• Stefano AriottaFeb 05, 2021 · 4 years ago
  BYDFi, a leading cryptocurrency exchange, offers a secure and efficient platform for international money transfers. With BYDFi, users can easily convert their cryptocurrency into fiat currency and transfer it to any bank account worldwide. The platform provides competitive exchange rates and ensures fast and reliable transactions, making it a convenient choice for international money transfers.
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