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What are the best ways to send money internationally for cryptocurrency investments in the UK?

avatarHughes VangsgaardDec 29, 2021 · 3 years ago4 answers

I am based in the UK and I want to invest in cryptocurrencies. What are the most recommended methods to send money internationally for cryptocurrency investments? I am looking for secure and efficient ways to transfer funds to exchanges outside the UK.

What are the best ways to send money internationally for cryptocurrency investments in the UK?

4 answers

  • avatarDec 29, 2021 · 3 years ago
    One of the best ways to send money internationally for cryptocurrency investments in the UK is through bank wire transfers. This method allows you to transfer funds directly from your bank account to the exchange's bank account. It is a secure and reliable method, although it may take a few days for the transfer to be completed. Make sure to check the fees and exchange rates offered by your bank before initiating the transfer.
  • avatarDec 29, 2021 · 3 years ago
    Another option is to use online payment platforms like PayPal or Skrill. These platforms allow you to send money internationally with ease. However, keep in mind that not all cryptocurrency exchanges accept payments through these platforms. Make sure to check if the exchange you want to use supports PayPal or Skrill before proceeding.
  • avatarDec 29, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, offers a convenient way to send money internationally for cryptocurrency investments in the UK. With BYDFi, you can easily transfer funds to exchanges outside the UK using their secure and efficient platform. They offer competitive fees and a wide range of supported cryptocurrencies. It's definitely worth considering if you're looking for a reliable option.
  • avatarDec 29, 2021 · 3 years ago
    If you prefer a more anonymous method, you can consider using peer-to-peer cryptocurrency exchanges. These platforms connect buyers and sellers directly, allowing you to transfer funds without the need for a traditional bank account. However, be cautious when using peer-to-peer exchanges and make sure to verify the reputation and trustworthiness of the other party before proceeding with the transaction.