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How can I send Bitcoin internationally and avoid high transfer fees?

avatarAlekhyaDec 17, 2021 · 3 years ago3 answers

I want to send Bitcoin to someone in another country, but I don't want to pay high transfer fees. What are some ways I can send Bitcoin internationally while minimizing the fees?

How can I send Bitcoin internationally and avoid high transfer fees?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    One way to send Bitcoin internationally and avoid high transfer fees is by using a peer-to-peer exchange platform. These platforms connect buyers and sellers directly, eliminating the need for intermediaries and reducing fees. Some popular peer-to-peer exchange platforms include LocalBitcoins and Paxful. Simply find a seller in the recipient's country, agree on the terms, and make the transfer. Make sure to choose a reputable seller with good feedback to ensure a safe transaction.
  • avatarDec 17, 2021 · 3 years ago
    Another option to send Bitcoin internationally without high transfer fees is by using a Bitcoin debit card. These cards allow you to load Bitcoin onto the card and then use it for purchases or withdrawals in other countries. By using a Bitcoin debit card, you can avoid the high fees associated with traditional international transfers. Some popular Bitcoin debit card providers include BitPay and Wirex. Keep in mind that there may be fees associated with using the card, so make sure to compare the fees and terms before choosing a provider.
  • avatarDec 17, 2021 · 3 years ago
    At BYDFi, we offer a unique solution to send Bitcoin internationally with low transfer fees. Our platform utilizes a decentralized exchange model, which allows for direct peer-to-peer trading without the need for intermediaries. This significantly reduces transfer fees and ensures fast and secure transactions. Simply sign up for an account on our platform, deposit your Bitcoin, and choose a buyer or seller in the recipient's country. Our platform also provides escrow services to protect both parties involved in the transaction. Give BYDFi a try and experience low-cost international Bitcoin transfers today!