{"id":6715,"date":"2021-02-21T23:31:00","date_gmt":"2021-02-21T20:31:00","guid":{"rendered":"https:\/\/alfacash.blog\/?p=6715"},"modified":"2024-02-19T21:52:14","modified_gmt":"2024-02-19T18:52:14","slug":"how-make-remittances-cryptos-minutes-2021","status":"publish","type":"post","link":"https:\/\/alfacash.blog\/ja\/2021\/02\/21\/how-make-remittances-cryptos-minutes-2021\/","title":{"rendered":"\u6697\u53f7\u3092\u4f7f\u3063\u3066\u6570\u5206\u3067\u9001\u91d1\u3059\u308b\u65b9\u6cd5\u306f\uff1f \uff082021\uff09"},"content":{"rendered":"\n

Sending money internationally, that\u2019s a remittance in basic terms. A very common case is that of the immigrants sending money to their relatives and loved ones from a country to another. That\u2019s not always easy or cheap with traditional money, but it can be much better to make your remittances with cryptos.<\/p>\n\n\n\n

Let\u2019s talk a bit about it, previous to learning how to do it in the easiest way possible.<\/p>\n\n\n\n

Issues with traditional remittances<\/strong><\/h2>\n\n\n\n

We can start with the expenses: sending money costs more money. According to the World Bank<\/a>, the average cost for making a $200 remittance is around 7%,<\/strong> using bank account transfers and cash. Alternative and cheaper options don\u2019t fall from 4.8%, though. In concrete numbers, that\u2019d be even $14 for every $200 sent. \u00a0<\/p>\n\n\n\n

\"piggy-bank-coins-cryptos\"<\/figure><\/div>\n\n\n\n

That\u2019s why this organization calculated that \u201ccutting prices by at least 5 percentage points can save up to $16 billion a year\u201d. But that\u2019s not all, because the speed and the requirements are important too for the equation.<\/p>\n\n\n\n

These international transactions can take days and even weeks, and not before the sender meets all the requirements and documents requested by the bank or financial service. If they don\u2019t have bank accounts, then the process is even more difficult.<\/p>\n\n\n\n

The good news? We can avoid all this just by using cryptos<\/a> to make remittances, with or without bank accounts.<\/p>\n\n\n\n

Remittances in cryptos and bank accounts\/cards<\/strong><\/h2>\n\n\n\n

If you have a cryptocurrency wallet with funds, then you can send money everywhere and anytime without the need to meet any requirement or wait longer<\/strong> than just the minutes taken by the transaction from your device. Of course, we\u2019ll assume that you and your recipient would want to exchange these funds into local money, and that\u2019s also possible in no time with bank accounts and cards.<\/p>\n\n\n\n

We can give you a practical example with some easy steps. For the purpose of this guide, we\u2019ll say that we want to send $200 in Bitcoin (BTC)<\/a> from the United States to Alice, who\u2019s in Germany. The wallet that we\u2019ll use is Exodus Desktop, but you can choose any other as well, even from your mobile<\/a>.<\/p>\n\n\n\n

1. Buy bitcoins with your card or bank account<\/strong><\/h3>\n\n\n\n

Open your favorite crypto-exchange (like Alfacash<\/a>) and go to the section where you can buy BTC (or your selected crypto for the remittance). If you\u2019re already registered, they will usually ask for only how much you want to buy, your payment method (USD credit card in this case), and the address<\/strong> at which you\u2019re going to receive the funds.<\/p>\n\n\n\n

\"Remittances-bitcoin-credit-card\"
Buy Bitcoin with credit card. Alfacash screenshot<\/figcaption><\/figure><\/div>\n\n\n\n

Then, you should open your wallet and click the button \u201cReceive\u201d to find your Bitcoin address. Copy and paste it on the space given for it by the exchange. \u00a0<\/p>\n\n\n\n

\"\"
Receive bitcoins. Exodus screenshot.<\/figcaption><\/figure><\/div>\n\n\n\n

Once you make the accorded payment with the data provided by the exchange, your bitcoins will appear without issue in your wallet.<\/p>\n\n\n\n

2. Sending to Alice<\/strong><\/h3>\n\n\n\n

Now you have the bitcoins, but they\u2019re meant for Alice. The first thing she needs to do is download a cryptocurrency wallet<\/a> on her favorite device. Then, she should go to the same button \u201cReceive\u201d to send you her Bitcoin address for catching the remittance.<\/strong><\/p>\n\n\n\n

\"\"
Sending bitcoins. Exodus screenshot.<\/figcaption><\/figure><\/div>\n\n\n\n

Let\u2019s say is this address: 3H2hQCAk9Skm8robYQHBX7YB3EqxDU74NX [Example address, don\u2019t send your funds here unless you want to donate to The Water Project<\/a>]. Copy it, and now go to the button or section \u201cSend\u201d in your wallet. You\u2019ll find the right space there to paste the meant address and set the figure you want to send.<\/p>\n\n\n\n

Check the address carefully before sending, because the transactions are irreversible and there is some malware out there<\/a>. Once you click on the button \u201cSend\u201d, that\u2019s it! You can ask Alice to check her wallet. \u00a0<\/p>\n\n\n\n

3. Alice needs local money<\/strong><\/h3>\n\n\n\n

Ok, now Alice has $200 in BTC, but she needs some local money. In this case, euros (EUR). She can go then to Alfacash Store<\/a> and repeat the process you did in the beginning to buy BTC, but upside down. This time, she\u2019ll give $200 in BTC to the exchange and receive the same figure in a SEPA transfer (EUR) to her bank account.<\/strong><\/p>\n\n\n\n

\"\"
Sell order in Alfacash Store. Screenshot.<\/figcaption><\/figure><\/div>\n\n\n\n

And everything will be done, within minutes and from home. The whole process will cost around or less than $5, depending on the mining fees and the exchange rate for the cryptocurrency at that given moment. If you note that the mining fee<\/a> is too high at the moment for your chosen crypto, then you can select another one to make the transaction.<\/p>\n\n\n\n

You\u2019ll find the mining fee in your wallet when you\u2019re sending the funds<\/strong>. On Exodus, it appears below the main data for the transaction, as \u201cNetwork Fee\u201d. At the moment of writing, Bitcoin Network Fee is kind of high, so, we could choose another crypto to send the funds from the beginning.<\/p>\n\n\n\n

\"\"
Network fees for BCH and XRP. Exodus screenshot<\/figcaption><\/figure><\/div>\n\n\n\n

Bitcoin Cash<\/a> (BCH), for example, has a mining fee of $0.01, and XRP<\/a> has none. So, the remittance would be a way lot cheaper in these currencies (for now).<\/p>\n\n\n\n

Remittances in cryptos without bank accounts<\/strong><\/h2>\n\n\n\n

You\u2019ll need to repeat here the steps mentioned above, but with some slight differences. For this purpose, let\u2019s imagine that neither you nor Alice (the remittance recipient) has bank accounts. Still, there are ways to send, spend, and exchange<\/a> your funds safely. You can still complete your remittances with cryptos easily.<\/p>\n\n\n\n

1. Buy cryptos with apps or cash<\/strong><\/h3>\n\n\n\n

There are out there a lot of financial apps \/ digital wallets meant for traditional money, which balance you can top up easily with cash or ATMs. You can use them to buy cryptos in the exchanges that accept this payment method. For example, you\u2019ll find the wallet QIWI<\/a> for Russian users in Alfacash. In this case, you\u2019ll only need to change your payment method.<\/p>\n\n\n\n

\"\"
Exchange with QIWI. Alfacash screenshot.<\/figcaption><\/figure><\/div>\n\n\n\n

Of course, there are also other options to buy cryptos without bank accounts. If you\u2019re in Spain, for example, you can buy a voucher from Tickebit<\/a> in a local store. In other places, there\u2019s always trading P2P (person-to-person). <\/strong>You can find some reliable traders in social media groups or P2P exchanges who can have a meeting with you to make a quick exchange.<\/p>\n\n\n\n

Another reliable solution is the cryptocurrency ATMs. They are machines specially designed to buy and sell cryptos with cash. You can find over 15,600 ATMs for at least 10 different cryptos in 71 countries at Coin ATM Radar<\/a>.<\/p>\n\n\n\n