remittance

The Fastest Way to Send Money Abroad

Olayemi Oni
•5 min read
The Fastest Way to Send Money Abroad

Discover the fastest way to send money abroad with Bitnob. Use USDT on the TRC20 network for low fees and instant transfers to Africa and beyond.

Ideally, sending money abroad shouldn't feel complicated. Yet, for many people, it still is. Whether you're helping a family member, paying for an urgent purchase, or trying to manage business payments, sending funds internationally can often lead to frustration. Slow transaction speeds, hefty fees, and confusing processes are just some of the headaches that come with it.

And it's not just about inconvenience—delays can have real-world consequences. Maybe it's a loved one who urgently needs the money, or perhaps you're an entrepreneur trying to settle invoices on time. Whatever the case, the reality is this: when money needs to move fast, traditional systems often fall short.

The Pain Points of Sending Money Abroad

A lot of people today rely on global money transfers for various reasons: remittances, education, business transactions, and more. But, the process isn't as smooth as it should be. Common issues include:

  1. High Fees

Sending money through traditional banks or remittance services can often incur hidden charges. These costs pile up, making the transfer a lot more expensive than anticipated.

  1. Slow Speeds

Have you ever had to wait days, or even weeks, for a transfer to be completed? Speed is crucial When sending funds abroad, but traditional banks and other remittance services don't always deliver on this front.

  1. Limited Coverage

Some services may not even reach the country or region you need, especially in parts of Africa or Southeast Asia.

  1. Unfavorable Exchange Rates

Banks and other services often impose unfavorable exchange rates, which means your recipient may not receive the full amount of money you send.

These challenges are not small. The cost of sending a $200 remittance to Sub-Saharan Africa has risen, climbing from 7.4% in 2022 to 7.9% in 2023, according to the latest World Bank report—a significant chunk of money lost in fees. In some regions, this can climb to as much as 9%, making it difficult for families and businesses that depend on remittances..

Bitnob: The Fastest Way to Send Money Abroad

And here is Bitnob, designed to make international money transfers faster and cheaper, Bitnob leverages blockchain technology and the power of USDT to simplify the process. USDT is a stablecoin pegged to the US dollar, making it an ideal currency for cross-border transactions, especially when sent via the TRC20 network.

What makes Bitnob stand out is its ability to bypass many hurdles with traditional systems. Here's how:

Sending Money Using USDT on Bitnob

Bitnob allows you to send USDT through the TRC20 network quickly and affordably. This network is known for its speed and low transaction costs, ensuring your funds reach their destination without the usual headaches. The fee to send USDT on Bitnob is a flat $2—a fraction of what you'd typically pay using other methods.

In just a few taps, your USDT will be on its way, reaching your recipient in a matter of minutes—not days or weeks.

Receiving USDT on Bitnob

Bitnob also makes it easy to receive USDT from friends, family, or business partners abroad. When someone sends you USDT, the funds are immediately deposited into your USD wallet using the Bitnob app. From there, you can easily convert the USDT into your local currency and withdraw the funds into your bank account.

This service is particularly valuable for users in Nigeria, Kenya, Ghana, and other African countries, where traditional remittance services often fail to provide fast and affordable options.

Bitnob's Advantages Over Traditional Methods

Why should you choose Bitnob over conventional banking systems or other remittance services? Let’s break it down:

  • Unbeatable Speed: With the TRC20 network, your transfers are completed in a matter of minutes, whether you're sending or receiving USDT.
     
  • Low Fees: Compared to the typical 7-9% fee you might pay using traditional services, Bitnob charges only $2 per transfer, regardless of the amount.
     
  • Global Reach: You can send USDT to virtually anyone in the world, and they can receive it in minutes. For African individuals, it’s especially easy to withdraw those funds into local bank accounts.
     
  • Convenience: All you need is the Bitnob app—no need for complex paperwork or multiple platforms. Everything is handled within a single, easy-to-use platform.
     
  • Stablecoin Advantage: Because USDT is pegged to the US dollar, there’s no need to worry about exchange rate fluctuations or currency depreciation.

A Step-by-Step Guide to Sending and Receiving USDT on Bitnob

If you’re ready to try it out, here’s a quick guide to both sending and receiving USDT on Bitnob:

How to Send USDT:

  1. Open the Bitnob app and log in to your account.
  2. Tap on Transfer in the quick links section.
  3. Choose the “Send as USDT” option.
  4. Enter the recipient’s USDT (TRC20 network) wallet address.
  5. Input the amount you want to send.
  6. Confirm the details and tap “Continue” to complete the transfer.

How to Receive USDT:

  1. Provide your Bitnob USDT address to the sender.
  2. Once the sender transfers the USDT, it will automatically appear in your USD wallet.
  3. From your USD wallet, you can withdraw funds to your local bank account, seamlessly converting them into local currency.

Speed Up Your Money Transfers with Bitnob

Gone are the days of waiting for slow and expensive international transfers. With Bitnob and USDT on the TRC20 network, you can send and receive money in minutes, all for a flat fee of just $2. Whether you're sending funds to loved ones or handling business payments, Bitnob provides the fastest and most affordable way to send money abroad.

Start using Bitnob today, and experience the future of money transfers—fast, simple, and cost-effective.