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How can I save on fees when transferring money from the USA to Thailand using digital currencies?

avatarAl SchackDec 27, 2021 · 3 years ago3 answers

I want to transfer money from the USA to Thailand using digital currencies, but I'm concerned about the fees involved. How can I minimize the fees and save money on this transfer?

How can I save on fees when transferring money from the USA to Thailand using digital currencies?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    One way to save on fees when transferring money from the USA to Thailand using digital currencies is to use a peer-to-peer exchange platform. These platforms connect buyers and sellers directly, eliminating the need for intermediaries and reducing fees. Additionally, you can compare the fees charged by different platforms and choose the one with the lowest fees. It's also important to consider the exchange rate offered by the platform, as a favorable exchange rate can offset higher fees.
  • avatarDec 27, 2021 · 3 years ago
    To save on fees when transferring money from the USA to Thailand using digital currencies, you can consider using a stablecoin like USDT or USDC. These cryptocurrencies are pegged to the US dollar and have lower transaction fees compared to other digital currencies. By converting your USD to a stablecoin before transferring, you can minimize the fees involved in the transaction.
  • avatarDec 27, 2021 · 3 years ago
    At BYDFi, we understand the importance of saving on fees when transferring money internationally. To save on fees when transferring money from the USA to Thailand using digital currencies, you can take advantage of our low fee structure and competitive exchange rates. Our platform offers a seamless and cost-effective solution for transferring money across borders. Sign up today to start saving on fees!