What are the cheapest ways to transfer money internationally using cryptocurrency?

3 answers

• Hemanth BheemasettiJul 13, 2020 · 5 years ago
  One of the cheapest ways to transfer money internationally using cryptocurrency is through peer-to-peer (P2P) platforms. These platforms connect individuals who want to buy or sell cryptocurrencies directly, eliminating the need for intermediaries and reducing fees. Some popular P2P platforms for international transfers include LocalBitcoins and Paxful. By using these platforms, you can find sellers or buyers in different countries and negotiate the exchange rate and fees directly with them. Just make sure to choose reputable sellers and use escrow services for added security.
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• Queen BebeDec 19, 2023 · 2 years ago
  If you're looking for a more traditional approach, some cryptocurrency exchanges offer competitive rates for international transfers. For example, Binance, one of the largest cryptocurrency exchanges, allows users to transfer funds between different countries with relatively low fees. You can convert your cryptocurrency to a stablecoin like USDT or USDC, which are pegged to the value of the US dollar, and then send it to another exchange or wallet. Keep in mind that exchange rates and fees may vary, so it's always a good idea to compare different options before making a transfer.
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• Ali MkunaMar 01, 2021 · 4 years ago
  BYDFi, a popular cryptocurrency exchange, offers a unique feature that allows users to transfer money internationally using cryptocurrency at competitive rates. With BYDFi, you can convert your cryptocurrency to fiat currency and send it to a bank account in another country. The fees for international transfers are relatively low compared to traditional methods, and the process is fast and secure. BYDFi also provides a user-friendly interface and excellent customer support, making it a convenient option for international money transfers.
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