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TagsHow can I transfer money from the US to India using cryptocurrency?
Agata RichtaDec 16, 2021 · 3 years ago1 answersI am in the US and I want to send money to someone in India using cryptocurrency. What are the steps involved in transferring money from the US to India using cryptocurrency? Are there any specific platforms or exchanges that I should use? How long does the process usually take?
1 answers
- Transferring money from the US to India using cryptocurrency is a straightforward process. Here's what you need to do: 1. Choose a cryptocurrency exchange that supports both the US and India. Popular options include Binance, Coinbase, and Bitstamp. 2. Create an account on the chosen exchange and complete the necessary verification steps. 3. Deposit the desired amount of cryptocurrency into your exchange account. 4. Convert the cryptocurrency into Indian Rupees (INR) on the exchange. 5. Withdraw the converted INR to your bank account in India. The duration of the process can vary depending on the exchange and the bank's processing time. It's important to consider the fees and exchange rates before making the transfer.Dec 16, 2021 · 3 years ago
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