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If you sent your USD to Argentine for insance you'll have to use official central bank exchange rate if you used Wise. With crypto you can actually convert your
by SXX 4y ago
If you sent your USD to Argentine for insance you'll have to use official central bank exchange rate if you used Wise. With crypto you can actually convert your money using real world exchange rate which is very diffrent from official one.
Official exchange rate: 1 USD = 162 Peso
Real world one: 1 USD = 300 Peso
- endisneigh 4y agodoesn't answer the question
- seunosewa 4y agoYou'll lose half of the value of your money if you send it the normal way. Crypto fees are unlikely be as high as 50%.
- endisneigh 4y agoThis is not true, like I said, Wise will take $15USD for a $1000 transaction.
- SXX 4y agoAnswering your question. As far as I know you'll pay up to $2 for each Bitcoin transaction and you need two of them: when exchanging USD to BTC and when transfering your BTC to exchange. There of course might be price fluctuations, but this is exactly the reason why stablecoins are used and not BTC / ETH.
- endisneigh 4y agothat's not really an answer either. choose your exchange of choice. with coinbase it seems to be much more than $15USD. I don't see the value.