What are the cheapest ways to transfer international money using cryptocurrencies?

3 answers

• Nov 24, 2021 · 3 years ago
  Sure! When it comes to transferring money internationally using cryptocurrencies, there are a few options that can help you save on fees. One popular method is to use peer-to-peer (P2P) platforms like LocalBitcoins or Paxful. These platforms connect buyers and sellers directly, allowing you to find the best exchange rate and negotiate lower fees. Another option is to use stablecoins like Tether (USDT) or USD Coin (USDC) which are pegged to the value of a fiat currency like the US dollar. These stablecoins can be transferred quickly and with minimal fees on blockchain networks like Ethereum or Tron.
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• Nov 24, 2021 · 3 years ago
  Well, if you're looking for the cheapest ways to transfer international money using cryptocurrencies, you might want to consider using decentralized exchanges (DEXs). DEXs allow you to trade directly with other users without the need for intermediaries, which can help reduce fees. Some popular DEXs include Uniswap and SushiSwap. Additionally, you can also explore using cross-border payment platforms like Ripple (XRP) which aims to provide fast and low-cost international transactions using its native cryptocurrency.
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• Nov 24, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers a cost-effective solution for transferring international money using cryptocurrencies. With BYDFi, you can enjoy low fees and fast transactions when sending money across borders. The platform supports a wide range of cryptocurrencies, allowing you to choose the most suitable option for your needs. Additionally, BYDFi provides a secure and user-friendly interface, making it easy for beginners to navigate the world of cryptocurrency transfers. Give BYDFi a try and experience the convenience of transferring money internationally using cryptocurrencies!
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