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What is the cheapest way to send money to the Philippines using digital currencies?

avatarHolloway FengerDec 28, 2021 · 3 years ago3 answers

I'm looking for the most cost-effective method to send money to the Philippines using digital currencies. Can you suggest the cheapest way to do this?

What is the cheapest way to send money to the Philippines using digital currencies?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    One of the cheapest ways to send money to the Philippines using digital currencies is through peer-to-peer (P2P) platforms. These platforms connect individuals who want to exchange digital currencies for fiat currencies. By finding someone in the Philippines who wants to buy digital currencies and is willing to pay you in local currency, you can avoid high fees charged by traditional money transfer services. Just make sure to use a reputable P2P platform and take necessary precautions to ensure a safe transaction.
  • avatarDec 28, 2021 · 3 years ago
    If you're looking for the cheapest way to send money to the Philippines using digital currencies, you might consider using a cryptocurrency exchange. Many exchanges offer low fees for international transfers, especially if you use their native tokens or take advantage of promotional offers. However, keep in mind that exchange rates and fees can vary, so it's important to compare different exchanges and choose the one that offers the best rates and lowest fees for your specific transaction.
  • avatarDec 28, 2021 · 3 years ago
    BYDFi, a popular digital currency exchange, offers competitive rates for sending money to the Philippines. They have a user-friendly platform and provide fast and secure transactions. With BYDFi, you can easily convert your digital currencies to Philippine pesos and send them to your desired recipient. Their low fees make it an affordable option for sending money to the Philippines using digital currencies.