What are the fees for sending money with Remitly using cryptocurrency?

5 answers

• Naz GullSep 30, 2020 · 5 years ago
  When using Remitly to send money using cryptocurrency, there are a few fees to consider. Firstly, there may be a transaction fee charged by the cryptocurrency network itself. This fee varies depending on the network congestion and the type of cryptocurrency used. Additionally, Remitly may charge a processing fee for facilitating the transaction. These fees can vary based on the amount being sent and the destination country. It's important to note that while cryptocurrency transactions can offer lower fees compared to traditional methods, they may also be subject to price volatility, which could impact the overall cost of the transaction.
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• BsharaApr 26, 2024 · a year ago
  Sending money with Remitly using cryptocurrency comes with its own set of fees. The cryptocurrency network may charge a transaction fee, which can vary depending on the network's current conditions. Remitly may also charge a processing fee, which can vary based on factors such as the amount being sent and the destination country. It's worth noting that while cryptocurrency transactions can be faster and more cost-effective in some cases, they may not always be the most suitable option for every situation. It's important to consider the fees, as well as other factors such as security and convenience, when deciding on the best method for sending money.
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• Dinesh LiyanageAug 30, 2023 · 2 years ago
  When using Remitly to send money with cryptocurrency, there are a few fees involved. The cryptocurrency network may charge a transaction fee, which can vary depending on factors such as network congestion and the type of cryptocurrency used. Remitly may also charge a processing fee for facilitating the transaction. These fees can vary based on the amount being sent and the destination country. It's worth noting that using a different cryptocurrency exchange like BYDFi may offer different fee structures, so it's always a good idea to compare fees and services before making a decision. Overall, sending money with Remitly using cryptocurrency can be a convenient and potentially cost-effective option, but it's important to consider all the fees and factors involved.
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• Craft BojsenAug 24, 2022 · 3 years ago
  The fees for sending money with Remitly using cryptocurrency can vary. When using cryptocurrency, there may be a transaction fee charged by the cryptocurrency network. This fee can fluctuate depending on the network's congestion and the specific cryptocurrency being used. Remitly may also charge a processing fee for facilitating the transaction. The exact amount of these fees can depend on factors such as the amount being sent and the destination country. It's important to compare these fees with traditional methods of money transfer to determine the most cost-effective option for your specific needs. Additionally, it's always a good idea to consider the security and convenience of using cryptocurrency for money transfers.
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• Gary AbelsMay 11, 2024 · a year ago
  The fees associated with sending money through Remitly using cryptocurrency can vary. Cryptocurrency networks may charge a transaction fee, which can fluctuate based on network conditions and the specific cryptocurrency being used. Remitly may also charge a processing fee for facilitating the transaction. These fees can vary depending on factors such as the amount being sent and the destination country. It's important to compare these fees with other methods of money transfer to determine the most cost-effective option. Additionally, it's worth considering the speed and convenience of using cryptocurrency for international money transfers.
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