What are the best ways to transfer international funds using Revolut and cryptocurrencies?

5 answers

• Dec 16, 2021 · 3 years ago
  One of the best ways to transfer international funds using Revolut and cryptocurrencies is by utilizing the Revolut app's built-in cryptocurrency exchange feature. This allows you to convert your funds into cryptocurrencies such as Bitcoin or Ethereum, and then transfer them internationally to another cryptocurrency wallet. The advantage of using cryptocurrencies for international transfers is that they are often faster and cheaper compared to traditional banking methods. However, it's important to note that the recipient also needs to have a cryptocurrency wallet to receive the funds.
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• Dec 16, 2021 · 3 years ago
  If you're looking for a more traditional approach, you can use Revolut's international money transfer feature. This allows you to send money directly to a recipient's bank account in another country. While this method may not involve cryptocurrencies, it still offers competitive exchange rates and low fees compared to traditional banks. Additionally, Revolut provides real-time exchange rates and allows you to track your transfer through the app.
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• Dec 16, 2021 · 3 years ago
  Another option for transferring international funds using cryptocurrencies is through BYDFi. BYDFi is a digital currency exchange platform that supports various cryptocurrencies, including Bitcoin, Ethereum, and more. With BYDFi, you can easily convert your funds into cryptocurrencies and transfer them internationally. The platform offers competitive exchange rates and ensures secure transactions. However, it's important to do your own research and consider the risks associated with cryptocurrency investments.
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• Dec 16, 2021 · 3 years ago
  When it comes to transferring international funds using Revolut and cryptocurrencies, it's important to consider the exchange rates and fees involved. While cryptocurrencies can offer faster and cheaper transfers, they are also subject to market volatility. It's recommended to monitor the exchange rates and choose the most favorable time to make your transfer. Additionally, ensure that you have a secure cryptocurrency wallet and follow best practices for protecting your funds.
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• Dec 16, 2021 · 3 years ago
  Transferring international funds using Revolut and cryptocurrencies can be a convenient and cost-effective option. However, it's important to understand the risks and limitations associated with cryptocurrencies. Make sure to do your due diligence, choose a reputable platform or exchange, and consider consulting with a financial advisor if needed. With the right knowledge and precautions, you can take advantage of the benefits offered by cryptocurrencies for international fund transfers.
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