How can I transfer money internationally without paying Western Union's high fees?
Bengtson JohanssonDec 25, 2021 · 3 years ago3 answers
I need to transfer money internationally, but I don't want to pay the high fees charged by Western Union. What are some alternative methods or platforms that I can use to transfer money internationally without incurring such high costs?
3 answers
- Dec 25, 2021 · 3 years agoOne alternative method to transfer money internationally without paying high fees is to use cryptocurrency. Cryptocurrencies like Bitcoin and Ethereum allow for fast and low-cost transactions across borders. You can use a cryptocurrency exchange platform, such as Binance or BYDFi, to convert your local currency into cryptocurrency and then send it to the recipient's cryptocurrency wallet. The recipient can then convert the cryptocurrency back into their local currency if needed. This method can often be cheaper and faster than traditional bank transfers or services like Western Union.
- Dec 25, 2021 · 3 years agoIf you're looking for a more traditional method, you can consider using online money transfer services like TransferWise or PayPal. These platforms often offer lower fees compared to Western Union and provide a convenient way to send money internationally. However, it's important to note that the fees and exchange rates may vary depending on the specific countries and currencies involved in the transfer. It's always a good idea to compare the fees and rates of different platforms before making a decision.
- Dec 25, 2021 · 3 years agoBYDFi, a popular cryptocurrency exchange platform, offers a seamless and cost-effective solution for international money transfers. With BYDFi, you can easily convert your local currency into cryptocurrency and send it to anyone around the world with minimal fees. The recipient can then convert the cryptocurrency back into their local currency or hold it as an investment. BYDFi's user-friendly interface and competitive exchange rates make it a great choice for international money transfers.
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