How can I send money from Malaysia to India using cryptocurrencies?

3 answers

• Dec 17, 2021 · 3 years ago
  Sending money from Malaysia to India using cryptocurrencies can be a convenient and cost-effective option. Here are the steps you can follow: 1. Choose a cryptocurrency exchange: Start by selecting a reliable cryptocurrency exchange that supports both Malaysia and India. Look for exchanges that offer a wide range of cryptocurrencies and have a good reputation. 2. Create an account: Sign up for an account on the chosen exchange. Provide the necessary information and complete the verification process, if required. 3. Deposit funds: Deposit the desired amount of Malaysian Ringgit (MYR) into your exchange account. Most exchanges support various deposit methods, including bank transfers and credit/debit cards. 4. Convert MYR to cryptocurrency: Once your funds are deposited, you can convert MYR to the desired cryptocurrency, such as Bitcoin or Ethereum. The exchange will provide you with the current exchange rate. 5. Transfer cryptocurrency to India: After converting your MYR to cryptocurrency, you can transfer the cryptocurrency to an Indian exchange or directly to the recipient's cryptocurrency wallet. Make sure to enter the correct wallet address. 6. Convert cryptocurrency to Indian Rupee (INR): If you transferred the cryptocurrency to an Indian exchange, you can now convert it to INR. The exchange will provide you with the current exchange rate. 7. Withdraw INR: Finally, you can withdraw the converted INR to your Indian bank account. The time taken for the entire process can vary depending on the exchange and the cryptocurrency used. It is recommended to check the estimated processing time provided by the exchange before initiating the transaction.
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• Dec 17, 2021 · 3 years ago
  Sending money from Malaysia to India using cryptocurrencies is a great way to avoid the hassle of traditional banking systems. Here's what you need to do: 1. Find a reliable cryptocurrency exchange: Look for an exchange that supports both Malaysia and India. Make sure the exchange has a good reputation and offers the cryptocurrencies you want to use. 2. Sign up and verify your account: Create an account on the chosen exchange and complete the verification process. This may involve providing identification documents. 3. Deposit funds: Deposit Malaysian Ringgit into your exchange account. You can usually do this through bank transfers or other payment methods supported by the exchange. 4. Buy the desired cryptocurrency: Once your funds are deposited, you can buy the cryptocurrency you want to send to India. Choose the desired cryptocurrency and enter the amount you want to purchase. 5. Transfer the cryptocurrency: After purchasing the cryptocurrency, you can transfer it to an Indian exchange or directly to the recipient's wallet. Make sure to enter the correct wallet address. 6. Convert the cryptocurrency to Indian Rupee: If you transferred the cryptocurrency to an Indian exchange, you can convert it to Indian Rupee. The exchange will provide you with the current exchange rate. 7. Withdraw the funds: Finally, you can withdraw the converted funds to your Indian bank account. The time it takes for the transaction to be completed can vary depending on the exchange and the cryptocurrency used. It is advisable to check the exchange's processing time and fees before initiating the transfer.
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• Dec 17, 2021 · 3 years ago
  When it comes to sending money from Malaysia to India using cryptocurrencies, BYDFi is a popular choice among users. Here's how you can do it: 1. Sign up for a BYDFi account: Start by creating an account on BYDFi. Provide the necessary information and complete the verification process. 2. Deposit Malaysian Ringgit (MYR): Once your account is set up, deposit the desired amount of MYR into your BYDFi account. You can use various deposit methods, including bank transfers. 3. Convert MYR to cryptocurrency: After depositing MYR, you can convert it to the cryptocurrency of your choice. BYDFi supports a wide range of cryptocurrencies. 4. Transfer cryptocurrency to India: Once you have converted your MYR to cryptocurrency, you can transfer the cryptocurrency to an Indian exchange or directly to the recipient's wallet. 5. Convert cryptocurrency to Indian Rupee (INR): If you transferred the cryptocurrency to an Indian exchange, you can convert it to INR. The exchange will provide you with the current exchange rate. 6. Withdraw INR: Finally, you can withdraw the converted INR to your Indian bank account. The time taken for the transaction to be completed may vary depending on the network congestion and other factors. It is recommended to check the estimated processing time provided by BYDFi before initiating the transfer.
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