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How can I save on fees when sending money to India from Canada using cryptocurrencies?

avatarJadid idDec 17, 2021 · 3 years ago3 answers

I want to send money from Canada to India using cryptocurrencies, but I'm concerned about the fees. How can I minimize the fees when sending money to India from Canada using cryptocurrencies?

How can I save on fees when sending money to India from Canada using cryptocurrencies?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    One way to save on fees when sending money to India from Canada using cryptocurrencies is to choose a cryptocurrency with lower transaction fees. Bitcoin, for example, has higher fees compared to other cryptocurrencies like Ethereum or Ripple. By using a cryptocurrency with lower fees, you can reduce the overall cost of sending money.
  • avatarDec 17, 2021 · 3 years ago
    Another option to save on fees is to use a peer-to-peer cryptocurrency exchange platform. These platforms connect buyers and sellers directly, eliminating the need for intermediaries and reducing fees. Additionally, some peer-to-peer platforms offer competitive exchange rates, further reducing the cost of sending money.
  • avatarDec 17, 2021 · 3 years ago
    At BYDFi, we understand the importance of minimizing fees when sending money internationally. Our platform offers competitive transaction fees and supports a wide range of cryptocurrencies, allowing you to choose the most cost-effective option for sending money to India from Canada. Additionally, our user-friendly interface makes it easy to navigate and complete transactions with ease.