How to Safely Transfer Money from Europe Using Cryptocurrency

For many individuals with funds in Europe, transferring money to another country can be challenging. Reasons for such transfers vary—from property sales to sending earned income, or even sending money to friends and family. Nevertheless, more people are choosing cryptocurrency for international transfers. Let's examine how to use cryptocurrency effectively for transfers from Europe and minimize transaction costs.

Benefits of Cryptocurrency Transfers

Cryptocurrency is gaining popularity due to its low fees and high speed of transfers. Using cryptocurrencies like Bitcoin or Tether (USDT) can help bypass many of the banking restrictions in Europe. This approach is particularly helpful when transferring funds to countries with different currencies, such as Armenia, Turkey, or Kazakhstan.

How the Transfer Process Works

To safely transfer money from Europe using cryptocurrency, follow these steps:

1. Register with a Crypto Wallet. Sign up with a trusted crypto wallet, such as Credits, which provides cryptocurrency accounts and IBAN account features.

2. Exchange Euros for Cryptocurrency. In the app, you can easily convert Euros to cryptocurrency (e.g., USDT) and send it to the recipient.

3. Send Cryptocurrency. Transfer the cryptocurrency to the recipient’s personal wallet.

4. Convert Cryptocurrency to Local Currency. The recipient can exchange cryptocurrency to their local currency and withdraw it to a bank account or card.

Benefits of Using Credits for Card Withdrawals

Credits supports the Sell-to-Card feature, which allows users to sell cryptocurrency and instantly transfer the funds to Visa or Mastercard. Available in more than 80 countries, this feature makes it convenient for users worldwide, providing quick access to fiat currency.

Fees and Transaction Speed

The primary advantage of using cryptocurrency for transfers is its low fees. A cryptocurrency transfer through Credits will cost around 0.1% to 1%, significantly lower than the standard 5% for bank transfers. Depending on the withdrawal method, funds may take anywhere from a few minutes (if sent to a card) to 24 hours or more (for a bank transfer).

Security

The Credits wallet meets European data security and encryption standards (AES-256), ensuring the protection of your transactions and personal data.

Conclusion

Using cryptocurrency for international transfers from Europe is not only economical but also convenient. Credits offers secure and fast transfer methods, making it an ideal solution for both personal and business needs.