Post
Topic
Board Bitcoin Technical Support
Merits 4 from 2 users
Re: Sending BTC from Canada to Dominican Republic; most cost effective way
by
Pmalek
on 28/03/2023, 18:39:15 UTC
⭐ Merited by bitmover (2) ,hosseinimr93 (2)
Sending Bitcoin from Canada to the Dominican Republic or sending to your friend who sits next to you can be cheaper or more expensive depending on the number of inputs/outputs, type of addresses, fee rate, or the type of wallet/service you are sending from. Bitcoin doesn't have such geographical restrictions, nor does the amount affect the final transaction fee.

The most cost affective way is one that doesn't involve any middlemen or 3rd-party services that take a cut. That means exchanges.
You buy the coins P2P. Give the person fiat or cash face-to-face, and they send the BTC to your private wallet. Or they can send immediately to an address provided by your contact person in the Dominican Republic. When the user in Dominica gets their coins, they can also sell it P2P to someone locally in exchange for cash if there is a market there.

- No banks
- No centralized exchanges
- No KYC
- No questions by banks or government agencies about purpose of transactions or source of funds.