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What are the fees associated with using Remitly for cryptocurrency remittances in Bangladesh?

Raymond WongDec 08, 2024 · 8 months ago3 answers

Can you provide a detailed explanation of the fees associated with using Remitly for cryptocurrency remittances in Bangladesh?

3 answers

  • Hiranya PereraSep 27, 2022 · 3 years ago
    When using Remitly for cryptocurrency remittances in Bangladesh, there are several fees to consider. Firstly, Remitly charges a transaction fee for each remittance, which varies depending on the amount being sent. Additionally, there may be network fees associated with the specific cryptocurrency being used for the remittance. These network fees are determined by the blockchain network and can fluctuate based on network congestion. It's important to note that Remitly may also apply a markup on the exchange rate used for the remittance, which can affect the overall cost. To get an accurate understanding of the fees, it's recommended to check Remitly's website or contact their customer support for the most up-to-date information.
  • Alejandro ManriquezAug 28, 2022 · 3 years ago
    The fees for using Remitly for cryptocurrency remittances in Bangladesh can vary depending on the specific circumstances. Remitly charges a transaction fee for each remittance, which is typically a percentage of the total amount being sent. Additionally, there may be network fees associated with the cryptocurrency being used, which are determined by the blockchain network. These fees can fluctuate based on factors such as network congestion and transaction volume. It's important to consider these fees when calculating the total cost of a cryptocurrency remittance through Remitly. It's recommended to check Remitly's website or contact their customer support for the most accurate and up-to-date fee information.
  • Serdar BayramovJun 08, 2023 · 2 years ago
    When using Remitly for cryptocurrency remittances in Bangladesh, the fees can vary depending on the specific transaction and cryptocurrency being used. Remitly charges a transaction fee for each remittance, which is typically a percentage of the total amount being sent. Additionally, there may be network fees associated with the cryptocurrency being used, which are determined by the blockchain network. These fees can fluctuate based on factors such as network congestion and transaction volume. It's important to consider these fees when planning a cryptocurrency remittance through Remitly. For the most accurate and up-to-date fee information, it's recommended to check Remitly's website or contact their customer support.

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