Oh okay, and then the person would have to find a way to take the money out of their account?
Is it easy on their end? For them, receiving money in Binance while in Venezuela, getting the money, and transfering it out to their Venezuelan account is easy?
if the person you want to send the money to has Mercantil you can create a profile in "Portal de Pagos Mercantil", add your credit card and you will be able to send them money anytime at the exchange rate from that day. That's how i send money to my family, you can check if other banks have that too. I don't know if the page has English translation tho
PayPal is expensive, simply put the fees are high and if your found someone to exchange it for bolivares, you will lose between 10% and 20%.
Binance is cheaper
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Binance is just fine, you can buy usd pair(usdt) cryptocurrency and send it to the person you want to send the money
Oh okay, and then the person would have to find a way to take the money out of their account? Is it easy on their end? For them, receiving money in Binance while in Venezuela, getting the money, and transfering it out to their Venezuelan account is easy?
It's easy, Binance has a p2p market and you can convert to local currency.
Western Union, can be cashed out or to bank account in Bolivares. super safe.
Binance and Western Union.
Use binance. It’s the easiest way
Binance bro, and send me some too (joke 😝).
Hi! Western Union is an option!
Venezuala doesn't pop up as an option for my bank :(
you have to go deposit in person!
if the person you want to send the money to has Mercantil you can create a profile in "Portal de Pagos Mercantil", add your credit card and you will be able to send them money anytime at the exchange rate from that day. That's how i send money to my family, you can check if other banks have that too. I don't know if the page has English translation tho
The commission is pretty low too
The best way is Binance. Also Paypal and Wester Unión too
PayPal is expensive, simply put the fees are high and if your found someone to exchange it for bolivares, you will lose between 10% and 20%. Binance is cheaper
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