Why NRIs use crypto for remittances
Traditional international money transfers to India often involve correspondent banks, SWIFT fees, and multi-day delays. USDT (Tether) — a stablecoin pegged to the US dollar — lets you transfer value directly on the blockchain, bypassing multiple banking intermediaries.
How it works — step by step
1. Buy USDT abroad
Purchase USDT on any major exchange available in your country of residence.
2. Send to the recipient's wallet
Transfer USDT to the recipient's wallet address in India. Always confirm the correct network (TRC-20 typically has the lowest fees) before sending — sending on the wrong network can result in permanent loss of funds.
3. Recipient converts to INR
The recipient sells USDT for INR on an Indian exchange like WazirX or CoinDCX, then withdraws via UPI or bank transfer — usually within minutes to hours.
Crypto remittance vs traditional transfer
| Method | Speed | Typical cost |
|---|---|---|
| Bank wire (SWIFT) | 1-5 business days | $20-50+ flat fee |
| Traditional remittance services | Minutes to hours | Percentage-based fees |
| USDT (TRC-20 network) | Minutes | Under $1-2 network fee |
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