What are the fees associated with sending money via Wise using cryptocurrencies?

3 answers

• Dec 17, 2021 · 3 years ago
  When sending money via Wise using cryptocurrencies, there are several fees to consider. Firstly, there may be a network fee charged by the cryptocurrency network for processing the transaction. This fee can vary depending on the network congestion and the specific cryptocurrency being used. Additionally, Wise may charge a fee for converting the cryptocurrency into the recipient's local currency. This fee is typically a percentage of the transaction amount and can vary depending on the currency pair. It's important to note that Wise strives to offer competitive rates and transparent fees, so users can compare the costs with traditional methods of transferring money. However, it's always a good idea to double-check the fees before making a transfer to ensure there are no surprises. Overall, using Wise with cryptocurrencies can provide a cost-effective and efficient way to send money internationally.
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• Dec 17, 2021 · 3 years ago
  Sending money via Wise using cryptocurrencies can be a great option for those looking to save on fees. Unlike traditional methods of transferring money, Wise offers competitive rates and transparent fees. When using cryptocurrencies, there may be a network fee charged by the cryptocurrency network for processing the transaction. This fee can vary depending on the network congestion and the specific cryptocurrency being used. Additionally, Wise may charge a fee for converting the cryptocurrency into the recipient's local currency. This fee is typically a percentage of the transaction amount and can vary depending on the currency pair. However, even with these fees, using Wise with cryptocurrencies can still be more cost-effective compared to traditional methods, especially for international transfers. It's important to compare the fees and rates with other options to ensure you're getting the best deal.
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• Dec 17, 2021 · 3 years ago
  When sending money via Wise using cryptocurrencies, the fees involved can vary depending on the specific cryptocurrency being used and the currency pair being exchanged. Wise aims to provide competitive rates and transparent fees, making it a popular choice for international money transfers. However, it's important to note that Wise is not the only option available for sending money using cryptocurrencies. There are other exchanges and platforms that offer similar services, each with their own fee structures. It's always a good idea to compare the fees and rates across different platforms to ensure you're getting the best deal. Additionally, it's worth considering the convenience and security offered by Wise when making your decision. Overall, sending money via Wise using cryptocurrencies can be a cost-effective and efficient option, but it's important to do your research and compare the fees and rates before making a transfer.
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