What are the best ways to send money from Australia to India using digital currencies?

3 answers

• Dec 18, 2021 · 3 years ago
  Sure! One of the best ways to send money from Australia to India using digital currencies is through peer-to-peer (P2P) platforms. These platforms connect individuals who want to buy and sell digital currencies directly, eliminating the need for intermediaries and reducing transaction fees. Some popular P2P platforms include LocalBitcoins and Paxful. You can create an account on these platforms, find a seller in India who accepts Australian dollars, and initiate the transfer. Just make sure to choose a reputable seller with good feedback to ensure a smooth transaction.
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• Dec 18, 2021 · 3 years ago
  Well, if you're looking for a more convenient option, you can consider using a digital currency exchange. These exchanges act as intermediaries between buyers and sellers, providing a secure and regulated platform for trading digital currencies. Some popular exchanges that support AUD and INR trading pairs include Binance, Coinbase, and Kraken. You can deposit your Australian dollars into the exchange, convert them into a digital currency like Bitcoin or Ethereum, and then send the digital currency to an Indian exchange where you can convert it back into Indian rupees. Just keep in mind that exchange fees and conversion rates may apply.
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• Dec 18, 2021 · 3 years ago
  BYDFi is a digital currency exchange that offers a seamless and secure way to send money from Australia to India using digital currencies. With BYDFi, you can easily deposit your Australian dollars, convert them into popular digital currencies like Bitcoin or Ethereum, and then send the digital currency to an Indian recipient who can convert it back into Indian rupees. BYDFi offers competitive exchange rates and low transaction fees, making it an excellent choice for sending money internationally. Just sign up for an account on BYDFi, complete the verification process, and start sending money hassle-free!
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