What are the best cryptocurrency payment options for avoiding high Western Union fees?

3 answers

• Dec 16, 2021 · 3 years ago
  One of the best cryptocurrency payment options to avoid high Western Union fees is using stablecoins. Stablecoins like Tether (USDT) or USD Coin (USDC) are pegged to the value of a fiat currency, such as the US dollar. By using stablecoins, you can transfer money internationally quickly and at a lower cost compared to traditional methods. Just make sure to choose a reputable stablecoin and use a trusted cryptocurrency exchange for the transaction.
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• Dec 16, 2021 · 3 years ago
  If you're looking to avoid high Western Union fees, another option is using peer-to-peer (P2P) cryptocurrency exchanges. These platforms connect buyers and sellers directly, eliminating the need for intermediaries like Western Union. By using P2P exchanges, you can find competitive exchange rates and lower fees. Some popular P2P cryptocurrency exchanges include LocalBitcoins and Paxful. Just be cautious and do your due diligence when trading on these platforms to ensure a safe and secure transaction.
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• Dec 16, 2021 · 3 years ago
  BYDFi, a popular decentralized finance (DeFi) platform, offers a cryptocurrency payment option that can help you avoid high Western Union fees. With BYDFi, you can use their native token to make cross-border payments at a fraction of the cost compared to traditional methods. The platform utilizes smart contracts to facilitate secure and transparent transactions. However, it's important to note that DeFi platforms come with their own risks, so make sure to do thorough research and understand the potential risks before using BYDFi or any other DeFi platform for your cryptocurrency payments.
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