What are the advantages of using cryptocurrencies to convert EUR to MYR compared to traditional methods?

3 answers

• Nov 28, 2021 · 3 years ago
  One of the advantages of using cryptocurrencies to convert EUR to MYR is the speed of transactions. Cryptocurrency transactions can be completed within minutes, whereas traditional methods may take several days for the funds to be transferred. This can be particularly beneficial for urgent or time-sensitive transactions.
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• Nov 28, 2021 · 3 years ago
  Another advantage is the lower fees associated with cryptocurrency transactions. Banks and money transfer services often charge high fees for international transfers, especially when converting between different currencies. Cryptocurrencies, on the other hand, usually have lower transaction fees, making it a more cost-effective option for converting EUR to MYR.
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• Nov 28, 2021 · 3 years ago
  At BYDFi, we believe that using cryptocurrencies for EUR to MYR conversion offers the advantage of decentralization. Cryptocurrencies are not controlled by any central authority, such as a bank or government, which means that users have more control over their funds and transactions. This can provide a greater sense of security and privacy for individuals who value financial autonomy.
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