How can I use bitcoin to send money internationally?

3 answers

• Dec 27, 2021 · 3 years ago
  Using bitcoin to send money internationally is a relatively simple process. First, you'll need to have a bitcoin wallet and the recipient's bitcoin address. Once you have these, you can initiate a transaction by entering the recipient's address and the amount you want to send in your bitcoin wallet. Keep in mind that bitcoin transactions are irreversible, so double-check the address before confirming the transaction. As for fees, bitcoin transactions usually involve a small fee to incentivize miners to include your transaction in the blockchain. The fee amount can vary depending on network congestion and the urgency of your transaction. It's always a good idea to check the current fee rates before sending your bitcoin.
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• Dec 27, 2021 · 3 years ago
  To send money internationally with bitcoin, you'll need to follow these steps: 1. Set up a bitcoin wallet: Choose a reliable bitcoin wallet that supports international transactions. 2. Get the recipient's bitcoin address: Ask the recipient for their bitcoin address, which is a long string of alphanumeric characters. 3. Initiate the transaction: In your bitcoin wallet, select the option to send bitcoin and enter the recipient's address and the amount you want to send. 4. Confirm the transaction: Review the transaction details and confirm the transaction. Once confirmed, the bitcoin will be sent to the recipient's address. It's important to note that bitcoin transactions are irreversible, so make sure you have the correct address before sending the money. Additionally, keep in mind that bitcoin transactions can take some time to be confirmed, especially during periods of high network congestion. Finally, be aware of any fees associated with the transaction, as these can vary depending on the wallet and network conditions.
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• Dec 27, 2021 · 3 years ago
  At BYDFi, we provide a seamless and secure way to send money internationally using bitcoin. Our platform allows you to easily initiate bitcoin transactions to any recipient in the world. Simply create an account on our platform, deposit bitcoin into your wallet, and enter the recipient's bitcoin address and the amount you want to send. Our platform ensures fast and reliable transactions, with competitive fees. With BYDFi, you can send money internationally with confidence and convenience.
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