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What are the best ways to send money to Thailand from Australia using cryptocurrencies?

avatarRAM KUMAR K AI-DSDec 16, 2021 · 3 years ago3 answers

I am in Australia and want to send money to Thailand using cryptocurrencies. What are the most recommended methods to do so? I am looking for secure and cost-effective options that can ensure fast and reliable transfers. Can you provide some insights on the best ways to send money to Thailand from Australia using cryptocurrencies?

What are the best ways to send money to Thailand from Australia using cryptocurrencies?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    One of the best ways to send money to Thailand from Australia using cryptocurrencies is through a peer-to-peer (P2P) platform. These platforms connect buyers and sellers directly, allowing you to find the best exchange rate and avoid high fees charged by traditional banks. Some popular P2P platforms for cryptocurrency transfers include LocalBitcoins and Paxful. Simply create an account, find a seller in Thailand, and initiate the transfer. It's important to do your due diligence and choose reputable sellers with positive feedback to ensure a smooth transaction.
  • avatarDec 16, 2021 · 3 years ago
    If you're looking for a more convenient option, you can use a cryptocurrency exchange that supports both Australian dollars (AUD) and Thai baht (THB). Binance, for example, is a popular exchange that allows you to deposit AUD and convert it into cryptocurrencies like Bitcoin or Ethereum. Once you have the desired cryptocurrency, you can send it to a Thai exchange that supports THB and convert it back into local currency. Keep in mind that this method may involve additional fees and exchange rate fluctuations.
  • avatarDec 16, 2021 · 3 years ago
    BYDFi is a trusted cryptocurrency exchange that offers a seamless way to send money from Australia to Thailand using cryptocurrencies. With BYDFi, you can deposit AUD, convert it into popular cryptocurrencies, and then send the funds directly to a Thai bank account. The process is fast and secure, and BYDFi ensures competitive exchange rates and low fees. It's a great option for those looking for a hassle-free way to send money to Thailand using cryptocurrencies.