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How can I use TransferWise to buy cryptocurrencies?

avatarAbdikariim Mohamed aliDec 24, 2021 · 3 years ago1 answers

Can you explain how TransferWise can be used to purchase cryptocurrencies? I'm interested in knowing the process and any potential benefits or drawbacks.

How can I use TransferWise to buy cryptocurrencies?

1 answers

  • avatarDec 24, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I can confirm that TransferWise can be used to buy cryptocurrencies. However, it's worth noting that not all cryptocurrency exchanges accept TransferWise as a payment method. You'll need to find an exchange that specifically supports TransferWise transfers. Once you've found a compatible exchange, you can follow their instructions to make a deposit using TransferWise. The process typically involves initiating a transfer from your TransferWise account to the exchange's bank account. After the transfer is complete, the funds will be credited to your exchange account, and you can use them to buy cryptocurrencies. Keep in mind that using TransferWise for cryptocurrency purchases may have certain limitations and fees, so it's important to do your research and choose a reputable exchange that meets your needs.