What are the cheapest ways to transfer money from the US to the Philippines using cryptocurrencies?

3 answers

• Jan 14, 2022 · 3 years ago
  One of the cheapest ways to transfer money from the US to the Philippines using cryptocurrencies is through peer-to-peer (P2P) platforms. These platforms connect individuals who want to buy or sell cryptocurrencies directly, eliminating the need for intermediaries and reducing fees. Some popular P2P platforms for cryptocurrency transfers include LocalBitcoins and Paxful. By using these platforms, you can find sellers in the Philippines who are willing to accept US dollars in exchange for cryptocurrencies at competitive rates.
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• Jan 14, 2022 · 3 years ago
  Another cost-effective option is to use a cryptocurrency exchange that supports both US dollars and Philippine pesos. By depositing US dollars into the exchange, you can then convert them into cryptocurrencies and transfer them to a Philippine bank account. This method allows you to take advantage of the exchange's competitive exchange rates and lower fees compared to traditional remittance services. Some popular exchanges that support US dollars and Philippine pesos include Binance and Coinbase.
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• Jan 14, 2022 · 3 years ago
  If you're looking for a reliable and affordable option, you can consider using BYDFi. BYDFi is a digital currency exchange that offers competitive rates for transferring money from the US to the Philippines using cryptocurrencies. With BYDFi, you can easily convert your US dollars into cryptocurrencies and transfer them to a Philippine bank account. The platform provides a user-friendly interface and ensures fast and secure transactions. BYDFi also offers competitive fees, making it one of the cheapest options available for money transfers between the US and the Philippines.
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