How does TransferWise facilitate cryptocurrency transfers?

3 answers

• Dec 24, 2021 · 3 years ago
  TransferWise does not directly facilitate cryptocurrency transfers. It is primarily a platform for sending and receiving traditional currencies across borders. However, there are other platforms and exchanges that allow users to convert their cryptocurrencies into traditional currencies and then transfer them using TransferWise or similar services. This can be done by selling the cryptocurrencies on an exchange and withdrawing the funds to a bank account, which can then be sent through TransferWise. It's important to note that the process may involve multiple steps and fees, so it's advisable to research and compare different options before proceeding with a transfer.
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• Dec 24, 2021 · 3 years ago
  TransferWise itself does not support the direct transfer of cryptocurrencies. However, it can still be used in conjunction with other platforms or exchanges to facilitate the transfer of digital currencies. For example, you can sell your cryptocurrencies on a supported exchange and then transfer the funds to your TransferWise account. From there, you can convert the funds into a traditional currency and send it to your desired recipient. It's worth noting that the availability and fees associated with this process may vary depending on the exchange and TransferWise's policies.
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• Dec 24, 2021 · 3 years ago
  While TransferWise does not directly facilitate cryptocurrency transfers, it can still be a useful tool for individuals looking to convert their digital currencies into traditional currencies. By using TransferWise in combination with a cryptocurrency exchange, users can sell their cryptocurrencies for a traditional currency and then transfer the funds through TransferWise to a bank account or another recipient. This can be a convenient and cost-effective way to access the value of cryptocurrencies without the need for a dedicated cryptocurrency transfer service. However, it's important to consider the fees and exchange rates involved in this process to ensure that it is the most suitable option for your needs.
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