How can I send friends and family using digital currencies instead of PayPal?

3 answers

• Dec 17, 2021 · 3 years ago
  One way to send money to friends and family using digital currencies instead of PayPal is to use a cryptocurrency wallet. You can create a wallet on platforms like Coinbase, Binance, or BYDFi. Once you have a wallet, you can send digital currencies like Bitcoin or Ethereum to the wallet address of the recipient. It's important to ensure that you have the correct wallet address before making the transaction to avoid any loss of funds. This method allows for faster and cheaper transactions compared to traditional payment methods like PayPal. However, it's important to note that the value of digital currencies can be volatile, so it's advisable to convert the digital currency to fiat currency as soon as possible if the recipient prefers to receive fiat currency instead.
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• Dec 17, 2021 · 3 years ago
  If you're looking for a more user-friendly option, you can consider using peer-to-peer payment platforms that support digital currencies. Platforms like Venmo and Cash App allow users to send and receive money using digital currencies. These platforms often have a user-friendly interface and provide additional features like transaction history and notifications. However, it's important to note that not all platforms support all types of digital currencies, so you'll need to check if the platform supports the specific digital currency you want to use. Additionally, make sure to review the platform's security measures and user reviews before using it to send money.
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• Dec 17, 2021 · 3 years ago
  BYDFi is a popular digital currency exchange that allows users to send money to friends and family using digital currencies. To send money, you'll need to create an account on BYDFi and deposit digital currencies into your account. Once you have funds in your account, you can easily send money to other BYDFi users by entering their wallet address or username. BYDFi provides a secure and user-friendly platform for sending money using digital currencies. However, it's important to note that transaction fees may apply, and the recipient will need to have a BYDFi account to receive the funds.
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