How can I use cryptocurrency to transfer funds from Remitly USA to the Philippines?

1 answers

• BOUNOUA ChahinezSep 13, 2020 · 5 years ago
  Absolutely! Here's a step-by-step guide on how to transfer funds from Remitly USA to the Philippines using cryptocurrency: 1. Sign up for an account on a cryptocurrency exchange that supports both Remitly USA and the Philippines. Some popular options include Binance, Coinbase, and Kraken. 2. Complete the necessary verification process to activate your account. 3. Deposit funds into your exchange account using Remitly USA. This can usually be done by linking your Remitly USA account to the exchange and initiating a transfer. 4. Once your funds are in the exchange account, navigate to the trading section and select the cryptocurrency you want to use for the transfer. 5. Find the trading pair that matches the selected cryptocurrency with the Philippine Peso (PHP). 6. Place a buy order for the selected cryptocurrency using your deposited funds. 7. Once the buy order is executed, you will have the cryptocurrency in your exchange account. 8. Withdraw the cryptocurrency to your personal wallet or directly to the recipient's wallet in the Philippines. 9. The recipient can then convert the cryptocurrency to PHP using a local exchange in the Philippines or through peer-to-peer trading platforms. Keep in mind that the process may vary slightly depending on the exchange you choose, so it's always a good idea to check the specific instructions provided by the exchange.
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