Experiences sending money to Russia using cryptocurrencies

Irena · 2024-03-29T17:46:22+00:00

I open this thread to know the experiences of other members of the Community sending money to Russia using cryptocurrencies. I have been researching the subject and currently, after the closure of Binance's business in Russia and its sale to Commex (operator that also announced its closure), the operators that allow sending money to Russia through cryptocurrencies are becoming less and less: Bybit, HTX, etc. In addition to these, it should be noted that it is possible to install a wallet in telegram to send cryptocurrencies. In both cases, the most common procedure consists of two steps: First, buy USDT with a bank card (USDT is a stablecoin whose value is tied to the dollar and does not fluctuate as much as Bitcoin and other currencies). Secondly, sell USDT for rubles directly through these platforms or via a P2P marketplace and receive the rubles by wire transfer or via a Russian bank card (Tinkoff, Rosbank, etc.). I personally have not tried this method yet, so I would like to know your experience. I think it is a topic that may be of interest for many people since with the sanctions there are less and less methods left to send money to Russia. UPDATED JUNE 2024: Thank you all for the responses to this thread. They have been very useful. I have been able to learn how to send money to Russia by sending with cryptocurrencies. I have prepared a step by step guide in this article: https://russiable.com/send-money-russia/

antoniob

Elena nd money to Spain from Russia using cryptocurrencies?

on Bestchange, top of the table on the left, chose the from/to (give/get) currencies, отдаете -> получаете
https://www.bestchange.ru/
in your case there are even (by now) couple exchanges doing RUB->SEPA €:
https://www.bestchange.ru/mir-to-sepa.html
or if from Bitcoin:
https://www.bestchange.ru/bitcoin-to-sepa.html
etc.

Adam

Hi, could someone explain how I transfer from my Kraken Account to my Telegram Wallet?Sorry I'm old and new to this.

Thanks

Adam

I transfer GBP from my Monzo account to Kraken Account.
I Buy USDT on Kraken, then I transfer to my Telegram Wallet?
What is TON or TRC20 transfer Address from Telegram Wallet.

4.Which Network do I select when withdrawing from Kraken?Arboretum, Optimism, Polygon, Solana Tron?

Very Confusing

Thanks for any help

phoebe

Adam Morning Adam, yes your first two steps fine, then use the Tron network to send to your Telegram Wallet. Then inside Telegram Wallet sell the USDT on the P2P market using the Russian Bank Account you have access to.

Adam

Morning Tim, Thank you very much, I create a network from Telegram Wallet using TON or TRC 20( Is this Tron)?

Last Question do I need to verify my Telegram Wallet? If so is this done by purchasing Crypto using Neo or I don't need to bother if Transfering from Kraken?

Thanks Again

phoebe

Yes TRC20 is Tron. You need to verify your Telegram wallet as you will be using the P2P market. It normally takes a couple of days. I know its a palava to get it set all up but it will save you so much if you are transferring regularly. Rates using this method are close to real market price unlike Profee which is minimum 15% worse

Adam

phoebe Hi Tim, thanks again! My USDT is now in my Telegram Wallet, do I need to make a deposit in Wallet to Verify my Account or is this done while using the P2P platform on my first trade?I apologise for so many questions and thank you for patience!

phoebe

I suggest going ahead and try to use the P2P market, I would suggest you may already be verified. Its a safe platform and you only send the P2P seller the USDT once he deposits the RUB in your chosen Russian account. Its safer than any money transfer site. The Telegram Wallet only release the funds to the seller once you confirm you have received the RUB in your Russian Account.

Adam

phoebe Afternoon Tim, I'm not already registered but when I attempt to register the UK is not listed? Maybe I need to make a deposit on Telegram using my bank card?

Adam

Adam Nope made a deposit cannot register UK

phoebe

I'm really confused, I have a verified Telegram Wallet which was verified using a UK passport and have an extended status which allows up to 100,000 GBP. However looking at the now huge list of restricted countries the UK appears on it as well as the vast majority of Europe.

Adam

Morning Tim, I've sent a small amount of USDT to my Telegram contacts to see how they can withdraw?

phoebe

You don't need to withdraw from your Telegram channel if you are just sending money, just sell on the P2P market

Adam

You can't exchange on the P2P unless account is verified!You can send to your Telegram contacts without verification! If your verification is rejected you can't do anything only withdraw your money!

Aly

I moved new to USA last month with my wife who is from Russia , and I want to see way to send money from USA to Russia to her bank account Tinkoff , does anyone here knows how and explain to me in details, as I am really confused and I don’t find way until now , using debit or credit card even , previously I was use send now application , but for some reason it doesn’t work now , so does anyone have real experience or can help me please and thanks in advance @

irina4

Hello,
I can not register on BYBIT.com....I got a message "This jurisdiction is not supported"...
Please tell what does it mean and how i can register ?
I have my old mother in passionate like nursing home in Russia...I have continue to pay for her . Before we paid through citi bank to my russian Raiffeisen acc....but yesterday citi STOPPED wire transfers to Russia.... 🙁((
Like I know in New York there is Raiffeisen bank International (i think it's only for dealers and brokers people)...If I will be able to go there and make a deposit on my russian Raiffeisen debit card at their ATM...What do you think ?
thanks for helping
Irina

silyin2

Anyone had an experience with City Exchange? Any Comments? Thanks

MichaelJ_07

pattruong9872
Hello,
I found this site with a search. Looks like the right one. I have a Bybit number to my friend's bank in the Ukraine, smack dab in the middle of the Red Zone if you were to look at a map. Yes, they have a bank there and it works.
I am in Michigan and wish to send my friend and her mother some cash for food or whatever (maybe ice cream? LOL) I do not know how to use crypto at all. I know enough to get confused early on. We are both members of Telegram Premium.
Other than a very long number I have from them, what else do I need to send my friends some cash for things?
Please be patient, as I said, I'm unfamiliar with this and they are pretty much as unfamiliar with the process.

I hope someone here can help me out given the limited info I have said. If you need anything further from me, PLEASE let me know!
Michael in Michigan

pattruong9872

Hi Michael,
Have you ever hear about the Robinhood app? Super easy to use. Create an account, link your bank cards, and then buy crypto currencies on there. The most common crypto that everyone talking about in the US is Bitcoin. You can buy it using the Robinhood app. Robinhood is free and come with crypto wallet
"The very long number" you mentioned, if it was a combination of numbers and letters, it is called wallet address. Think about it like your bank account number. You will need to send the money to your friend.
Telegram wallet is not working in the US, so unfortunately, you will have to buy and send Bitcoin to your friend and they should exchange it to USDt for safekeeping since the value is not going up and down like Bitcoin
For now, you just need to learn how to use the Robinhood app and be able to buy Bitcoin first using the Robinhood app. You can send me a message when you are able to do so and I will help you navigate how to send it

JBB

Is bestchange.ru the best place to use? I don't know the latest info.

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