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If your income is foreign (like in EUR or USD), exchanging to bitcoin and paying with it is much cheaper than directly exchanging to yen or whatever the local c
by aianus 10y ago
If your income is foreign (like in EUR or USD), exchanging to bitcoin and paying with it is much cheaper than directly exchanging to yen or whatever the local currency is.
- tmalsburg2 10y agoNot my experience. For two years, I received my salary in EUR and lived in the US. I tried to transfer money using Bitcoin instead of wiring it the traditional way but the Bitcoin exchange fees were actually only slightly smaller than the wiring fees. The additional hassle wasn't worth it.
- aianus 10y agoI got between 1-4% over spot while getting paid in USD and transferring to THB through bitcoin exchanges. It was a difference of hundreds of dollars; well worth the effort.