Did you know that sending money overseas using Bitcoin and Ethereum is 96% cheaper than using traditional financial systems? Coinbase shared this information in their blog!
The average wire transfer fee for outgoing international transfers in the USA is $45. Moreover, many banks charge fees for both sending and receiving them.
At the same time, sending Bitcoin on average costs only $1.50 per transaction, and Ethereum transactions can be as low as just US$0.75.
Moreover, traditional remittance methods can take up to 10 days, while crypto transfers take only about 10 minutes. So, you save both money and time!
