Bitcoin - a safe Alternative to Moneygram/Western Union?

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Bitcoin - a safe Alternative to Moneygram/Western Union?

Postby Hooch » Wed Mar 30, 2016 7:53 am

Hello Lads,

I need to wire some money, and normally I would use Moneygram or Western Union for that. But both of those Services have a steep price tag attached (for the amount I would wire, it is several hundred bucks). So, being the dirty cheap skate I am, I am looking for Alternatives that are as safe, and cheaper.

I have found Bitcoin would be a good substitute, I can do it all online, and it seems to be a relative stable currency at the moment. I would only buy so much Bitcoins to pay for the service and the amount of money I need to move, not invest in it. It is a poor Investment IMHO.

Does anyone have experience with this? I think I would go with http://www.localbitcoins.com , cause I can use paypal with it, and it is inexpensive.

Looking forward for any Insight,
Hooch.
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Re: Bitcoin - a safe Alternative to Moneygram/Western Union?

Postby Phathack » Wed Mar 30, 2016 2:47 pm

Bitcoins is one way another is PayPal if the other person has an Account.
I dont know what the fees are on PayPal but I would suspect it to be less than Moneygram/WesterUnion.

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Re: Bitcoin - a safe Alternative to Moneygram/Western Union?

Postby Primus_Pilus » Thu Apr 07, 2016 6:24 pm

Try Xoom.com they are actually pretty good.
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Re: Bitcoin - a safe Alternative to Moneygram/Western Union?

Postby cyberdude » Thu Apr 07, 2016 10:34 pm

Primus_Pilus wrote:Try Xoom.com they are actually pretty good.

Agreed. The transfers are instantaneous and the money goes straight into the recipient's bank account. It's also cheaper than Moneygram et al.
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