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What are the best ways to send money from Turkey to America using cryptocurrencies?

Samira BaroutiMay 07, 2022 · 3 years ago3 answers

I am in Turkey and want to send money to America using cryptocurrencies. What are the most reliable and efficient methods to do so? I am looking for options that offer low fees, fast transactions, and secure transfers. Can you recommend any platforms or services that can facilitate this process?

3 answers

  • May 07, 2022 · 3 years ago
    One of the best ways to send money from Turkey to America using cryptocurrencies is through a peer-to-peer (P2P) exchange platform. These platforms connect buyers and sellers directly, allowing you to find the best exchange rates and avoid high fees charged by traditional banks. Some popular P2P platforms include LocalBitcoins and Paxful. Simply create an account, find a seller who accepts Turkish Lira, and initiate the transfer. Make sure to verify the seller's reputation and use escrow services for added security.
  • May 07, 2022 · 3 years ago
    If you prefer a more traditional approach, you can use a cryptocurrency exchange that supports both Turkish Lira and US Dollars. Binance, for example, offers a wide range of trading pairs and allows you to deposit Turkish Lira directly from your bank account. Once you have deposited your funds, you can convert them to a stablecoin like Tether (USDT) and transfer it to an American exchange. From there, you can sell the stablecoin for US Dollars and withdraw the funds to your American bank account.
  • May 07, 2022 · 3 years ago
    BYDFi is a popular cryptocurrency exchange that offers a seamless way to send money from Turkey to America using cryptocurrencies. With BYDFi, you can deposit Turkish Lira, convert it to popular cryptocurrencies like Bitcoin or Ethereum, and then transfer the funds to an American exchange or wallet. BYDFi offers competitive fees, fast transactions, and a user-friendly interface. It's a great option for anyone looking to send money internationally using cryptocurrencies.