How can I use cryptocurrencies to send money from the USA to India with low fees?

3 answers

• MmotkimJan 12, 2021 · 5 years ago
  Sure! Using cryptocurrencies to send money from the USA to India can be a cost-effective option. One way to do this is by using a cryptocurrency exchange that supports both USD and INR. You can deposit your USD into the exchange, convert it to a stablecoin like USDT or USDC, and then transfer the stablecoin to an Indian exchange that supports INR. Once the stablecoin is in the Indian exchange, you can convert it back to INR and withdraw the funds to your Indian bank account. This method can help you avoid high international wire transfer fees and currency conversion fees.
  578

  289
• Ph.taiApr 04, 2024 · a year ago
  Absolutely! Cryptocurrencies provide a convenient and low-cost way to send money internationally. To send money from the USA to India with low fees, you can follow these steps: 1. Choose a reliable cryptocurrency exchange that supports both USD and INR. 2. Deposit your USD into the exchange and convert it to a popular cryptocurrency like Bitcoin or Ethereum. 3. Transfer the cryptocurrency to an Indian exchange that supports INR. 4. Sell the cryptocurrency for INR and withdraw the funds to your Indian bank account. By using cryptocurrencies, you can bypass traditional banking systems and their associated fees, making the transfer process more affordable.
  661

  221
• AlguienaNov 13, 2020 · 5 years ago
  BYDFi, a leading cryptocurrency exchange, offers a seamless solution for sending money from the USA to India with low fees. With BYDFi, you can deposit your USD, convert it to a stablecoin like USDT, and then transfer the stablecoin to an Indian exchange that supports INR. Once the stablecoin is in the Indian exchange, you can easily convert it back to INR and withdraw the funds to your Indian bank account. BYDFi's user-friendly interface and competitive fees make it a great choice for international money transfers using cryptocurrencies.
  544

  136