How can I transfer money internationally without paying Western Union's high fees?

3 answers

• jazzSep 24, 2021 · 4 years ago
  One alternative method to transfer money internationally without paying high fees is to use cryptocurrency. Cryptocurrencies like Bitcoin and Ethereum allow for fast and low-cost transactions across borders. You can use a cryptocurrency exchange platform, such as Binance or BYDFi, to convert your local currency into cryptocurrency and then send it to the recipient's cryptocurrency wallet. The recipient can then convert the cryptocurrency back into their local currency if needed. This method can often be cheaper and faster than traditional bank transfers or services like Western Union.
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• BuddyJaySep 18, 2020 · 5 years ago
  If you're looking for a more traditional method, you can consider using online money transfer services like TransferWise or PayPal. These platforms often offer lower fees compared to Western Union and provide a convenient way to send money internationally. However, it's important to note that the fees and exchange rates may vary depending on the specific countries and currencies involved in the transfer. It's always a good idea to compare the fees and rates of different platforms before making a decision.
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• Kaushal kolNov 13, 2023 · 2 years ago
  BYDFi, a popular cryptocurrency exchange platform, offers a seamless and cost-effective solution for international money transfers. With BYDFi, you can easily convert your local currency into cryptocurrency and send it to anyone around the world with minimal fees. The recipient can then convert the cryptocurrency back into their local currency or hold it as an investment. BYDFi's user-friendly interface and competitive exchange rates make it a great choice for international money transfers.
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