What are the best ways to transfer cheap money internationally using cryptocurrencies?

3 answers

• Kastam RusdiApr 19, 2024 · a year ago
  One of the best ways to transfer money internationally using cryptocurrencies is through peer-to-peer (P2P) platforms. These platforms connect buyers and sellers directly, eliminating the need for intermediaries and reducing transaction fees. Some popular P2P platforms include LocalBitcoins and Paxful. By using these platforms, you can find individuals who are willing to exchange their local currency for cryptocurrencies, allowing for cheap and efficient international transfers.
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• salty_hashtagJul 12, 2023 · 2 years ago
  Another option is to use stablecoins, which are cryptocurrencies pegged to the value of a fiat currency, such as the US dollar. Stablecoins offer the advantage of price stability, making them a reliable means of transferring money internationally. Platforms like Tether (USDT) and USD Coin (USDC) provide stablecoins that can be easily transferred across borders at a low cost.
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• prasanna deshpandeFeb 14, 2021 · 4 years ago
  BYDFi, a leading cryptocurrency exchange, offers a convenient and cost-effective solution for international money transfers. With BYDFi, you can easily convert your cryptocurrencies into fiat currencies and transfer them to bank accounts worldwide. The platform provides competitive exchange rates and low transaction fees, making it an excellent choice for cheap and efficient international transfers.
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