Absolutely! Binance is a popular option for sending remittances to family in Venezuela from anywhere in the world. It uses cryptocurrency technology to facilitate transfers, which can offer several advantages:
How does sending remittances with Binance work?
Binance facilitates remittances primarily through its Peer-to-Peer (P2P) platform. Here we explain the general steps:
* Set up a cryptocurrency wallet: Both the sender and the recipient need to have an account on Binance (or a compatible cryptocurrency wallet) and set up their security measures, such as two-factor authentication (2FA).