How can I avoid high fees when sending international wire transfers with digital currencies?

3 answers

• Jun 06, 2022 · 3 years ago
  One way to avoid high fees when sending international wire transfers with digital currencies is to use peer-to-peer (P2P) platforms. These platforms connect individuals who want to exchange digital currencies directly, eliminating the need for intermediaries and reducing fees. Some popular P2P platforms include LocalBitcoins and Paxful. By using these platforms, you can find individuals willing to exchange digital currencies at lower fees compared to traditional wire transfers.
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• Jun 06, 2022 · 3 years ago
  Another option to avoid high fees is to use stablecoins for international transfers. Stablecoins are digital currencies that are pegged to a stable asset, such as the US dollar. They offer lower transaction fees and faster settlement times compared to traditional wire transfers. Popular stablecoins include Tether (USDT) and USD Coin (USDC). By using stablecoins, you can bypass the high fees associated with converting between different fiat currencies.
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• Jun 06, 2022 · 3 years ago
  At BYDFi, we offer a solution to avoid high fees when sending international wire transfers with digital currencies. Our platform allows users to send and receive digital currencies globally at competitive rates. With our low fees and fast transaction times, you can save money and time when sending international wire transfers. Sign up for an account on BYDFi today and experience the benefits of our platform.
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