this post was submitted on 02 May 2024
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Monero is the way to handle this. The fees are stupid low and it settles within 20 minutes anywhere on planet earth. Oh, and at least as of now, it is totally untraceable, and only the sender and receiver ever know the payment even occurred.
What about the on-ramp and off-ramp fees? Wouldn't it be higher than the traditional transfer fee?
Generally, the peer-to-peer rate is about 10% higher than the KYC rate. So if you buy Monero with KYC in your country and then send it to whoever and they sell it peer-to-peer, they will generally get about 10% above the market price. Cash by mail or cash in person are going to be the cheapest ways simply because there aren't online platforms involved that can reverse the transaction.