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What are the fees for sending money through Western Union to buy or sell cryptocurrencies?

avatarHamzaebook HamzaNov 24, 2021 · 3 years ago3 answers

Can you provide details about the fees charged by Western Union for sending money to buy or sell cryptocurrencies? How do these fees compare to other payment methods? Are there any additional charges or hidden fees to be aware of?

What are the fees for sending money through Western Union to buy or sell cryptocurrencies?

3 answers

  • avatarNov 24, 2021 · 3 years ago
    When using Western Union to send money for buying or selling cryptocurrencies, there are fees involved. The exact fees can vary depending on the amount being sent, the destination country, and the payment method used. It is recommended to check the Western Union website or contact their customer support for the most accurate and up-to-date fee information. Compared to other payment methods, Western Union fees may be higher due to the convenience and speed of their service. However, it is important to consider the overall cost and convenience of using Western Union for cryptocurrency transactions.
  • avatarNov 24, 2021 · 3 years ago
    The fees for using Western Union to send money for cryptocurrency transactions can be quite high. While Western Union offers a convenient and fast way to transfer funds, the fees can eat into your overall profits. It is advisable to compare the fees charged by Western Union with other payment methods such as bank transfers or online payment platforms to determine the most cost-effective option for buying or selling cryptocurrencies.
  • avatarNov 24, 2021 · 3 years ago
    When it comes to sending money through Western Union for cryptocurrency transactions, it's important to consider the fees involved. While Western Union provides a reliable and convenient service, their fees may be higher compared to other payment methods. However, it's worth noting that Western Union offers a wide network of locations and fast transfer times, which can be beneficial for urgent transactions. If you're looking for lower fees, you may want to explore alternative payment methods or consider using a cryptocurrency exchange that offers lower transaction fees, such as BYDFi.