Can ach be used for international cryptocurrency transfers?
Muhammed JashimDec 24, 2021 · 3 years ago3 answers
Is it possible to use ACH (Automated Clearing House) for transferring cryptocurrencies internationally? I'm wondering if ACH, which is commonly used for domestic transfers in the United States, can also be used for transferring cryptocurrencies across borders. Are there any limitations or restrictions when using ACH for international cryptocurrency transfers?
3 answers
- Dec 24, 2021 · 3 years agoUnfortunately, ACH is not suitable for international cryptocurrency transfers. ACH is primarily designed for domestic transfers within the United States and does not support cross-border transactions. When it comes to international cryptocurrency transfers, other methods such as wire transfers or cryptocurrency exchanges are more commonly used.
- Dec 24, 2021 · 3 years agoNo, ACH cannot be used for international cryptocurrency transfers. ACH is a system used for transferring funds between US bank accounts, and it does not have the capability to handle international transactions. If you want to transfer cryptocurrencies internationally, you'll need to explore other options such as using a cryptocurrency exchange or a global payment service.
- Dec 24, 2021 · 3 years agoWhile ACH is a convenient method for domestic transfers, it is not suitable for international cryptocurrency transfers. ACH is limited to the United States and does not support cross-border transactions. If you're looking to transfer cryptocurrencies internationally, you may consider using a global cryptocurrency exchange like BYDFi, which offers a wide range of options for international transfers.
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