How can I avoid fees when sending money to friends and family using digital currencies instead of PayPal?

3 answers

• Dec 26, 2021 · 3 years ago
  One way to avoid fees when sending money to friends and family using digital currencies is to use peer-to-peer (P2P) platforms. These platforms allow you to directly transfer funds to the recipient without involving any intermediaries, which can help reduce fees. Additionally, some P2P platforms offer lower fees compared to traditional payment processors like PayPal. Make sure to research and choose a reliable and reputable P2P platform that supports the digital currency you want to use. Keep in mind that while P2P platforms may have lower fees, they may have other limitations or risks, so it's important to do your due diligence before making any transactions.
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• Dec 26, 2021 · 3 years ago
  Another way to avoid fees when sending money using digital currencies is to use decentralized exchanges. Decentralized exchanges operate on blockchain technology and allow users to trade digital currencies directly with each other without the need for intermediaries. By using decentralized exchanges, you can bypass the fees charged by centralized exchanges or payment processors like PayPal. However, it's important to note that decentralized exchanges may have lower liquidity and higher price volatility compared to centralized exchanges, so it's important to consider these factors before making any transactions.
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• Dec 26, 2021 · 3 years ago
  At BYDFi, we understand the importance of avoiding fees when sending money using digital currencies. That's why we offer a fee-free peer-to-peer trading platform. With BYDFi, you can send money to your friends and family without worrying about any fees. Simply sign up for an account, deposit your preferred digital currency, and start making fee-free transactions. Our platform is secure and user-friendly, making it easy for you to send money hassle-free. Join BYDFi today and experience fee-free digital currency transactions!
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