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Archive => Sorting Box => Topic started by: Ed Giuseppe on March 07, 2023, 02:05:44 AM

Title: best way to transfer money
Post by: Ed Giuseppe on March 07, 2023, 02:05:44 AM

Hey guys,
I have an account with Binance which is hooked to my bank account. I want to deposit Dollars and buy USDT's

Then be able to transfer that money to a provider of mine in Argentina.

Question:
1. how do I know what's the final amount? say I want to buy U$ 500 in USDT. What would be the final amount He/she gets at the other end?

2. Is there any other app I can use for this type of transactions? I looked at AirTm and it takes roughly 5% (too much)

I will appreciate a head start on this
   :)

Title: Re: best way to transfer money
Post by: OpenCEX on March 07, 2023, 02:49:48 AM

First, ask the person you’re going to send USDT to, which token standard he/she can accept: ERC-20, BEP-20, TRC-20.
Then check the fee for buying USDT of the same standard on Binance.
Finally, google how much fee the blockchain network charges per transaction.
Most likely, the lowest fee will be for USDT of the BEP-20 standard.

Title: Re: best way to transfer money
Post by: Ed Giuseppe on March 07, 2023, 04:35:14 AM

Got ya.
I did look into ERC-20, BEP-20, TRC-20 and carnally look into it.

But am I in the right track?

Is hard to think the only way to do this kind of transactions is losing more than 5 %