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How can I avoid high fees when sending money from Pakistan to the UK using digital currencies?

avatarHanna ValentinNov 27, 2021 · 3 years ago3 answers

I want to send money from Pakistan to the UK using digital currencies, but the fees are too high. How can I avoid these high fees and save money on my transactions?

How can I avoid high fees when sending money from Pakistan to the UK using digital currencies?

3 answers

  • avatarNov 27, 2021 · 3 years ago
    One way to avoid high fees when sending money from Pakistan to the UK using digital currencies is to use a peer-to-peer (P2P) exchange platform. These platforms connect buyers and sellers directly, eliminating the need for intermediaries and reducing transaction costs. Additionally, you can look for exchanges that offer low or zero fees for international transfers. It's important to compare different platforms and choose the one that offers the best rates and lowest fees.
  • avatarNov 27, 2021 · 3 years ago
    If you're looking to save money on fees when sending money from Pakistan to the UK using digital currencies, consider using a decentralized exchange (DEX). DEXs operate on a blockchain network and allow users to trade directly with each other without the need for a centralized authority. This eliminates the fees associated with intermediaries and can result in lower transaction costs. However, it's important to note that DEXs may have lower liquidity compared to centralized exchanges, so make sure to do your research and choose a reputable DEX.
  • avatarNov 27, 2021 · 3 years ago
    At BYDFi, we understand the importance of avoiding high fees when sending money internationally. To reduce fees when sending money from Pakistan to the UK using digital currencies, you can consider using our platform. We offer competitive rates and low fees for international transfers, making it a cost-effective option for sending money abroad. Additionally, our platform is secure and user-friendly, ensuring a smooth and hassle-free experience. Give BYDFi a try and start saving on fees today!