How can I use digital currencies like Bitcoin to send money from the USA to Kenya and receive it in M-Pesa?

3 answers

• Dec 16, 2021 · 3 years ago
  To send money from the USA to Kenya and receive it in M-Pesa using Bitcoin, you can follow these steps: 1. Set up a Bitcoin wallet: Choose a reputable Bitcoin wallet provider and create an account. 2. Buy Bitcoin: Purchase Bitcoin using a cryptocurrency exchange or a peer-to-peer platform. 3. Find a Bitcoin-to-M-Pesa service: Look for a service that allows you to convert Bitcoin to M-Pesa. There are several online platforms that offer this service. 4. Transfer Bitcoin to M-Pesa: Once you have found a suitable service, follow their instructions to transfer your Bitcoin to M-Pesa. This usually involves providing your M-Pesa account details and initiating the transfer. 5. Receive money in M-Pesa: After the Bitcoin transfer is complete, you will receive the equivalent amount in M-Pesa in your account. It's important to note that there may be fees associated with each step of the process, including transaction fees and exchange fees. Additionally, some services may have restrictions on the minimum and maximum transfer amounts. Make sure to research and compare different services to find the most cost-effective and reliable option for your needs.
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• Dec 16, 2021 · 3 years ago
  Sending money from the USA to Kenya and receiving it in M-Pesa using Bitcoin is a convenient and fast way to transfer funds. Here's how you can do it: 1. Get a Bitcoin wallet: Choose a secure Bitcoin wallet that allows you to store and send Bitcoin. 2. Purchase Bitcoin: Buy Bitcoin from a reputable exchange using your US dollars. 3. Find a Bitcoin-to-M-Pesa service: Look for a service that offers Bitcoin-to-M-Pesa conversion. There are several platforms available that facilitate this type of transaction. 4. Convert Bitcoin to M-Pesa: Once you have found a suitable service, follow their instructions to convert your Bitcoin to M-Pesa. This may involve providing your M-Pesa account details and initiating the transfer. 5. Receive money in M-Pesa: After the conversion is complete, you will receive the funds in your M-Pesa account. Keep in mind that there may be fees and exchange rates involved in the process. It's important to compare different services and choose the one that offers the best rates and lowest fees.
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• Dec 16, 2021 · 3 years ago
  Using digital currencies like Bitcoin to send money from the USA to Kenya and receive it in M-Pesa is possible through various platforms. One such platform is BYDFi, which offers a seamless Bitcoin-to-M-Pesa conversion process. Here's how you can use BYDFi to make this transaction: 1. Sign up for an account on BYDFi: Visit the BYDFi website and create an account by providing the required information. 2. Deposit Bitcoin: Once your account is set up, deposit Bitcoin into your BYDFi wallet. 3. Convert Bitcoin to M-Pesa: On the BYDFi platform, select the Bitcoin-to-M-Pesa conversion option and enter the amount you wish to transfer. Follow the instructions provided to complete the conversion. 4. Receive money in M-Pesa: After the conversion is successful, the equivalent amount will be deposited into your M-Pesa account. BYDFi offers competitive exchange rates and low fees, making it a convenient option for transferring money from the USA to Kenya using Bitcoin and receiving it in M-Pesa.
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