What is the best way to send money from the US to Taiwan using cryptocurrency?

3 answers

• Nov 24, 2021 · 3 years ago
  One of the best ways to send money from the US to Taiwan using cryptocurrency is through a peer-to-peer (P2P) exchange platform. These platforms connect buyers and sellers directly, allowing for faster transactions and lower fees compared to traditional methods. Some popular P2P exchanges include LocalBitcoins and Paxful. When choosing a platform, consider factors such as reputation, security measures, and available payment methods. It's also important to research the current cryptocurrency regulations in both the US and Taiwan to ensure compliance with the law.
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• Nov 24, 2021 · 3 years ago
  If you're looking for a more convenient option, you can consider using a cryptocurrency debit card. These cards allow you to load your cryptocurrency onto a prepaid card, which can be used for everyday purchases or cash withdrawals. Companies like BitPay and Wirex offer cryptocurrency debit cards that support multiple currencies, including Taiwan's New Taiwan Dollar (TWD). Keep in mind that there may be fees associated with using these cards, so compare the costs and features before making a decision.
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• Nov 24, 2021 · 3 years ago
  BYDFi is a popular cryptocurrency exchange that offers a seamless way to send money from the US to Taiwan. With BYDFi, you can easily convert your US dollars into cryptocurrency and then transfer it to a Taiwanese bank account. The platform provides competitive exchange rates and low transaction fees. Additionally, BYDFi offers a user-friendly interface and excellent customer support. However, it's always a good idea to compare different exchanges and consider factors such as fees, security, and available trading pairs before making a decision.
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