How can I use cryptocurrency to transfer money from India to the USA through Remitly?

8 answers

• goodrboyJun 11, 2020 · 5 years ago
  Yes, it is possible to use cryptocurrency to transfer money from India to the USA through Remitly. To do this, you will need to follow a few steps. First, you need to have a cryptocurrency wallet and some cryptocurrency in it. Then, you can find a cryptocurrency exchange that supports both Indian Rupees (INR) and the cryptocurrency you have. Once you have an account on the exchange, you can deposit your INR and convert it to cryptocurrency. After that, you can transfer the cryptocurrency to your wallet. Finally, you can use Remitly to send the cryptocurrency to the recipient in the USA. The recipient can then convert the cryptocurrency back to their desired currency.
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• mawkley gMar 05, 2021 · 5 years ago
  Absolutely! Cryptocurrency can be a great option for transferring money from India to the USA through Remitly. It offers several advantages such as lower fees, faster transactions, and increased security compared to traditional methods. To get started, you'll need to set up a cryptocurrency wallet and purchase the desired cryptocurrency. Once you have the cryptocurrency, you can transfer it to the recipient's wallet address in the USA. They can then convert it to their local currency using a cryptocurrency exchange or a peer-to-peer platform. It's important to note that both parties should be familiar with cryptocurrency and understand the risks involved.
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• Clifford ArnoldOct 21, 2024 · a year ago
  Sure, you can use cryptocurrency to transfer money from India to the USA through Remitly. However, it's important to note that Remitly itself does not directly support cryptocurrency transactions. To use cryptocurrency, you will need to convert your Indian Rupees (INR) to cryptocurrency on a cryptocurrency exchange that supports INR. Once you have the cryptocurrency, you can transfer it to the recipient's cryptocurrency wallet in the USA. They can then convert it to their desired currency using a cryptocurrency exchange or a peer-to-peer platform. Keep in mind that cryptocurrency transactions can be subject to market volatility and transaction fees, so it's important to consider these factors before proceeding.
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• IlliaMar 14, 2025 · 8 months ago
  Yes, you can use cryptocurrency to transfer money from India to the USA through Remitly. However, it's worth mentioning that Remitly is primarily a fiat money transfer service and does not directly support cryptocurrency transactions. To use cryptocurrency, you will need to convert your Indian Rupees (INR) to cryptocurrency on a cryptocurrency exchange that supports INR. Once you have the cryptocurrency, you can send it to the recipient's cryptocurrency wallet in the USA. They can then convert it to their desired currency using a cryptocurrency exchange or a peer-to-peer platform. It's important to note that cryptocurrency transactions can be irreversible, so make sure to double-check all the details before initiating the transfer.
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• Don BennieJul 07, 2022 · 3 years ago
  Yes, you can use cryptocurrency to transfer money from India to the USA through Remitly. However, Remitly itself does not directly support cryptocurrency transactions. To use cryptocurrency, you will need to convert your Indian Rupees (INR) to cryptocurrency on a cryptocurrency exchange that supports INR. Once you have the cryptocurrency, you can transfer it to the recipient's cryptocurrency wallet in the USA. They can then convert it to their desired currency using a cryptocurrency exchange or a peer-to-peer platform. It's important to note that cryptocurrency transactions can be subject to transaction fees and market fluctuations, so it's advisable to consider these factors before proceeding.
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• Morgan PizziniSep 27, 2022 · 3 years ago
  Yes, you can definitely use cryptocurrency to transfer money from India to the USA through Remitly. However, Remitly itself does not directly support cryptocurrency transactions. To use cryptocurrency, you will need to convert your Indian Rupees (INR) to cryptocurrency on a cryptocurrency exchange that supports INR. Once you have the cryptocurrency, you can send it to the recipient's cryptocurrency wallet in the USA. They can then convert it to their desired currency using a cryptocurrency exchange or a peer-to-peer platform. Keep in mind that cryptocurrency transactions can be irreversible, so it's important to ensure the accuracy of the recipient's wallet address.
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• Mouritzen BeachJul 10, 2024 · a year ago
  Yes, it is possible to use cryptocurrency for transferring money from India to the USA through Remitly. However, Remitly itself does not directly support cryptocurrency transactions. To use cryptocurrency, you will need to convert your Indian Rupees (INR) to cryptocurrency on a cryptocurrency exchange that supports INR. Once you have the cryptocurrency, you can transfer it to the recipient's cryptocurrency wallet in the USA. They can then convert it to their desired currency using a cryptocurrency exchange or a peer-to-peer platform. It's important to note that cryptocurrency transactions can be subject to transaction fees and market volatility, so it's advisable to consider these factors before proceeding.
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• So PheakJan 17, 2022 · 4 years ago
  Yes, you can use cryptocurrency to transfer money from India to the USA through Remitly. However, Remitly itself does not directly support cryptocurrency transactions. To use cryptocurrency, you will need to convert your Indian Rupees (INR) to cryptocurrency on a cryptocurrency exchange that supports INR. Once you have the cryptocurrency, you can transfer it to the recipient's cryptocurrency wallet in the USA. They can then convert it to their desired currency using a cryptocurrency exchange or a peer-to-peer platform. It's important to note that cryptocurrency transactions can be irreversible, so make sure to double-check all the details before initiating the transfer.
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