Topic: What's Needed To Send Money Internationally? (Read 754 times)
It's incredible. You actually don't transfer any coins or any money, your just change some numbers in the ledger that is the blockchain. Everyone makes sure they got the latest version, and thus it is universally known who owns which money. Incredible! And that's why regular laws don't work anymore with a currency without borders!
You choose the best option 
But, there are fees if you sell through exchange / money changer
why not just keep btc which has great potential! But, there are fees if you sell through exchange / money changer
I don't understand. If I have to exchange my Bitcoins while I'm traveling to another country, what rate will be used for the exchange and who decides this? Will i have multiply choices? When traveling you can see many different rates at the airport, hotel, banks or just on the street.
The normal btc to usd and then the concersion rates to that currency. You can then use local bitcoins to trade face to face .
Bitcoin is the best option for international money transfers. It will surely surpass Western Union, Paypal and other methods in the near future with bigger adoption.
I don't understand. If I have to exchange my Bitcoins while I'm traveling to another country, what rate will be used for the exchange and who decides this? Will i have multiply choices? When traveling you can see many different rates at the airport, hotel, banks or just on the street.
what's needed to send money internationally:
without bitcoin: pay lots of fees and taxes and maybe wait lots of time. Not worth unless it is big amount. Or use paypal and pay 10%+ on fees that you can't withdraw.
with bitcoins: instant and with way taxes and fees, even if you consider the costs of depositing money into exchanges.
without bitcoin: pay lots of fees and taxes and maybe wait lots of time. Not worth unless it is big amount. Or use paypal and pay 10%+ on fees that you can't withdraw.
with bitcoins: instant and with way taxes and fees, even if you consider the costs of depositing money into exchanges.
FTFY.
Plus, bitcoin isn't regulated like fiat. You won't be stopped in an airport for carrying 50 bitcoins in a mobile wallet. :p
Plus those coins are heavy and pretty much inconvenient to carry with you everywhere. I prefer having my btc in my smartphone. Also when you travel across different regions you have to exchange the fiat to the local currency. With btc there is no worry about that.
Bitcoin is the correct answer 
It's always here when we need it anywhere & anytime . simple & fast
A lot of Payments methods that we know (Paysafecard,CashU,Ukash, Wester Union etc...) are not international and not available in some countries , some them only in Europe , others only on Middle east & so on ... even Paypal isn't available for all countries
It's always here when we need it anywhere & anytime . simple & fast A lot of Payments methods that we know (Paysafecard,CashU,Ukash, Wester Union etc...) are not international and not available in some countries , some them only in Europe , others only on Middle east & so on ... even Paypal isn't available for all countries
with bitcoin you can send money to any country. For this (and other things) bitcoin is great and will always be present.
What's Needed To Send Money Internationally?
USD?
Euro?
Sterling?
Polish Zloty?
Ukrainian Hryvina?
Georgian Lari?
I've lots of them, but Banks, WU, MoneyGram etc charge us too much!
What do I use?
It speaks for itself:
You know the rates...
Ps: Lots of countries forbid writing, drawing on money and think it's a crime, so don't do it with your local currency
USD?
Euro?
Sterling?
Polish Zloty?
Ukrainian Hryvina?
Georgian Lari?
I've lots of them, but Banks, WU, MoneyGram etc charge us too much!
What do I use?
It speaks for itself:
You know the rates...
Ps: Lots of countries forbid writing, drawing on money and think it's a crime, so don't do it with your local currency
Jump to: