How can I use cryptocurrency to transfer funds to India with Remitly?
Ganesh RathodDec 15, 2021 · 3 years ago3 answers
I want to transfer funds to India using Remitly, but I would like to use cryptocurrency instead of traditional methods. How can I do that?
3 answers
- Dec 15, 2021 · 3 years agoSure, you can definitely use cryptocurrency to transfer funds to India with Remitly. Here's how it works: First, you need to have a cryptocurrency wallet and some cryptocurrency, such as Bitcoin or Ethereum. Then, you can convert your cryptocurrency into Indian Rupees using a cryptocurrency exchange. Once you have the Indian Rupees in your exchange account, you can transfer them to your Remitly account. From there, you can use Remitly's services to send the funds to India. It's a convenient and secure way to transfer funds.
- Dec 15, 2021 · 3 years agoAbsolutely! If you're looking to transfer funds to India with Remitly, using cryptocurrency can be a great option. By using cryptocurrency, you can enjoy faster transaction times and lower fees compared to traditional methods. Simply convert your cryptocurrency into Indian Rupees through a reputable exchange, and then transfer the funds to your Remitly account. From there, you can easily send the funds to India. It's a simple and efficient way to make international transfers.
- Dec 15, 2021 · 3 years agoYes, you can use cryptocurrency to transfer funds to India with Remitly. However, please note that BYDFi, a popular cryptocurrency exchange, is currently the only exchange that supports direct transfers to Remitly. To use this service, you would need to have an account with BYDFi and follow their instructions for transferring funds to Remitly. Keep in mind that there may be fees and additional steps involved in the process. It's always a good idea to do your research and choose a reliable exchange for your cryptocurrency transactions.
Related Tags
Hot Questions
- 83
How can I minimize my tax liability when dealing with cryptocurrencies?
- 69
What are the best digital currencies to invest in right now?
- 68
What is the future of blockchain technology?
- 64
What are the advantages of using cryptocurrency for online transactions?
- 57
How does cryptocurrency affect my tax return?
- 49
What are the tax implications of using cryptocurrency?
- 46
Are there any special tax rules for crypto investors?
- 43
How can I buy Bitcoin with a credit card?