Hi,
I was working on a project and would like to explore some cheapest ways to transfer funds from India to oher countries like US.
I AM LOOKING FOR WAYS OTHER THAN CRYPTO CURRENCIES.
I can go with national bank transfer and digital wallets like paytm, freecharge. Alternatively I can also purchase amazon like gift cards.
Please suggest me if there are any effective ways to remitt money other than crypto currencies.
Best
Dudeperfect
Even I had the similar sort of question in mind if whether is it possible to transfer the funds to USD from India and if yes how to do it and there fees? Also what are the tax implication and is it perfectly fine to do it as per Indian Law?
Also what is the purpose of yours after transfer to USD, are you looking to buy btc from international exchanges or for some other reason?
Yes, buying bitcoins from internatinal market is one reason and I am working on some international projects and to see if I can remitt funds or not is another one.
it depends on what you are planning to do.
all the information you are giving us is that you want to "transfer funds oversees" for that the solution is using bitcoin, it is cheapest because of fees and the most secure because of how cryptocurrencies work and also you wouldn't encounter any trouble with the law because of sending money out of the country.
but if you are planning on sending USD and the amount is high there are different solutions which are not easy nor cheap. for smaller amounts again it depends on what you plan on doing.
As I said above, I am planning to buy bitcoins from international markets and I want to send payments regarding some projects where crypto is not possible.