What are the best ways to minimize international fees when using Venmo for cryptocurrency transfers?

4 answers

• Dec 18, 2021 · 3 years ago
  One of the best ways to minimize international fees when using Venmo for cryptocurrency transfers is to choose a cryptocurrency exchange that offers low or zero fees for international transfers. Look for exchanges that have competitive exchange rates and low withdrawal fees. Additionally, consider using stablecoins like Tether (USDT) or USD Coin (USDC) for transfers, as they are pegged to the value of a fiat currency and can help reduce the impact of exchange rate fluctuations.
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• Dec 18, 2021 · 3 years ago
  To minimize international fees when using Venmo for cryptocurrency transfers, you can also consider using peer-to-peer (P2P) trading platforms. These platforms connect buyers and sellers directly, eliminating the need for intermediaries and reducing fees. However, be cautious when using P2P platforms and ensure that you are dealing with reputable and trustworthy individuals. It's also important to do your own research and due diligence before engaging in any transactions.
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• Dec 18, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers a feature called 'Fee Optimization' that can help minimize international fees when using Venmo for cryptocurrency transfers. This feature automatically analyzes different exchange rates and transaction fees to find the most cost-effective option for your transfer. It takes into account factors such as network congestion and exchange liquidity to provide you with the best possible rate. Consider using BYDFi's Fee Optimization feature to save on international fees.
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• Dec 18, 2021 · 3 years ago
  Another way to minimize international fees when using Venmo for cryptocurrency transfers is to take advantage of promotions and discounts offered by cryptocurrency exchanges. Many exchanges run promotional campaigns that waive or reduce fees for certain types of transfers or during specific time periods. Keep an eye out for these promotions and take advantage of them to save on fees. Additionally, consider consolidating your transfers to reduce the number of transactions and associated fees.
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