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What are the best ways to send money from the USA to Kenya using digital currencies like Bitcoin?

avatarColly wogDec 17, 2021 · 3 years ago3 answers

I am looking for the most efficient and secure methods to send money from the United States to Kenya using digital currencies such as Bitcoin. What are the recommended ways to transfer funds internationally while minimizing fees and ensuring fast and reliable transactions? I would also like to know about any potential risks or challenges involved in this process.

What are the best ways to send money from the USA to Kenya using digital currencies like Bitcoin?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    One of the best ways to send money from the USA to Kenya using digital currencies like Bitcoin is through peer-to-peer (P2P) platforms. These platforms connect buyers and sellers directly, allowing for fast and secure transactions. You can find reputable P2P platforms that support Bitcoin in both the USA and Kenya. Simply create an account, verify your identity, and start trading Bitcoin for Kenyan Shillings. Make sure to choose a platform with a good reputation and positive user reviews to ensure a smooth experience.
  • avatarDec 17, 2021 · 3 years ago
    If you prefer a more traditional approach, you can use a cryptocurrency exchange to send money from the USA to Kenya. Choose a reputable exchange that supports both USD and Bitcoin. Deposit your USD into the exchange, convert it to Bitcoin, and then withdraw the Bitcoin to a Kenyan exchange that supports Bitcoin to Kenyan Shilling conversion. Once you have the Kenyan Shillings, you can withdraw them to your local bank account. Keep in mind that this method may involve additional fees and longer processing times compared to P2P platforms.
  • avatarDec 17, 2021 · 3 years ago
    At BYDFi, we offer a convenient and secure way to send money from the USA to Kenya using Bitcoin. Our platform allows you to deposit USD, convert it to Bitcoin, and then send the Bitcoin directly to a Kenyan recipient. The recipient can then convert the Bitcoin to Kenyan Shillings and withdraw the funds to their local bank account. With BYDFi, you can enjoy fast and reliable transactions with competitive fees. Sign up today and experience the benefits of our platform!