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What are the best ways to transfer Venmo from Canada to the US with low fees?

avatarJesse StephDec 29, 2021 · 3 years ago3 answers

I am looking for the most cost-effective methods to transfer Venmo from Canada to the US. I want to avoid high fees and find the best options available. Can anyone provide recommendations or suggestions for transferring Venmo funds with low fees from Canada to the US?

What are the best ways to transfer Venmo from Canada to the US with low fees?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    One of the best ways to transfer Venmo from Canada to the US with low fees is to use a peer-to-peer cryptocurrency exchange. By using a platform like Binance, you can convert your Venmo funds into a stablecoin like USDT or USDC, which can then be easily transferred to a US bank account. This method usually incurs lower fees compared to traditional banking transfers. Additionally, cryptocurrency exchanges often offer competitive exchange rates, further reducing the overall cost of the transfer.
  • avatarDec 29, 2021 · 3 years ago
    If you're looking for a quick and convenient way to transfer Venmo from Canada to the US with low fees, you can consider using a digital wallet that supports both Venmo and international transfers. Some popular digital wallets like PayPal and Skrill offer this service, allowing you to transfer funds between your Venmo account and a US bank account with minimal fees. Just make sure to compare the fees and exchange rates of different digital wallets to ensure you're getting the best deal.
  • avatarDec 29, 2021 · 3 years ago
    BYDFi is a digital currency exchange that provides a seamless and low-cost solution for transferring Venmo from Canada to the US. With BYDFi, you can easily convert your Venmo funds into popular cryptocurrencies like Bitcoin or Ethereum, and then transfer them to a US-based exchange or wallet. BYDFi offers competitive fees and fast transaction times, making it an excellent option for low-cost transfers. Just sign up for an account, deposit your Venmo funds, and start transferring with ease.