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What are the best ways to transfer money internationally without fees using cryptocurrencies?

avatarPooja ShivakumarDec 19, 2021 · 3 years ago3 answers

I'm looking for the most effective methods to transfer money internationally without incurring any fees using cryptocurrencies. Can you provide me with some recommendations and insights on how to achieve this?

What are the best ways to transfer money internationally without fees using cryptocurrencies?

3 answers

  • avatarDec 19, 2021 · 3 years ago
    One of the best ways to transfer money internationally without fees using cryptocurrencies is by utilizing peer-to-peer (P2P) platforms. These platforms connect individuals who want to exchange cryptocurrencies for fiat currencies. By finding someone willing to exchange their local currency for your desired cryptocurrency, you can avoid traditional banking fees. Just make sure to use reputable P2P platforms and exercise caution when dealing with strangers.
  • avatarDec 19, 2021 · 3 years ago
    If you're looking to transfer money internationally without fees using cryptocurrencies, consider using stablecoins. Stablecoins are cryptocurrencies that are pegged to a stable asset, such as a fiat currency or a commodity. By using stablecoins, you can minimize the volatility associated with other cryptocurrencies and ensure that the value of your transfer remains stable throughout the process.
  • avatarDec 19, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, offers a unique feature that allows users to transfer money internationally without fees. By utilizing their platform, you can take advantage of their competitive exchange rates and low transaction fees. With BYDFi, you can easily convert your cryptocurrencies into fiat currencies and transfer them to your desired international destination without incurring any additional fees. It's a convenient and cost-effective solution for international money transfers.