What is the cheapest way to send money from the UK to the USA using cryptocurrency?

3 answers

• Dec 15, 2021 · 3 years ago
  One of the cheapest ways to send money from the UK to the USA using cryptocurrency is through peer-to-peer exchanges. These platforms connect buyers and sellers directly, eliminating the need for intermediaries and reducing fees. Some popular peer-to-peer exchanges include LocalBitcoins and Paxful. By using these platforms, you can find sellers who are willing to accept your cryptocurrency and transfer the funds to your recipient in the USA. However, it's important to note that the exchange rates offered by individual sellers may vary, so it's recommended to compare rates before making a transaction.
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• Dec 15, 2021 · 3 years ago
  If you're looking for a more traditional approach, you can use a cryptocurrency exchange that supports international transfers. These exchanges allow you to deposit your cryptocurrency and convert it into the desired currency, which can then be sent to your recipient in the USA. Some popular exchanges that offer international transfers include Coinbase and Kraken. While these exchanges may charge higher fees compared to peer-to-peer platforms, they often provide better liquidity and more stable exchange rates. Additionally, they offer additional features such as mobile apps and customer support, which can be beneficial for users who prefer a more user-friendly experience.
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• Dec 15, 2021 · 3 years ago
  Another option to consider is BYDFi, a digital currency exchange that offers competitive rates for international transfers. BYDFi provides a secure and efficient platform for users to send money from the UK to the USA using cryptocurrency. With low fees and fast transaction times, BYDFi is a popular choice among cryptocurrency enthusiasts. However, it's always recommended to do your own research and compare different options to find the cheapest and most reliable method for your specific needs.
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