Option 2: MoneyGram MoneyGram is among the top options among my friends in China for sending money overseas. After signing up with any of these services (China phone service required), you can link your bank account to their service and sell the bitcoin in your digital wallet. MoneyGram has operations in over 200 countries around the world and here in China, they usually have a representative in almost every major bank. Â So like with Alipay, you can find a trustworthy Chinese friend to assist you in transferring the amount in his/her own name. Option 1: Wiring Money from the Bank If you are more old fashioned or simply want an opportunity to improve your Chinese, you can of course wire money abroad through banks in China. First is that many Chinese bank employees are not entirely familiar with wire transfers process or assisting foreign customers.
Once you have purchased bitcoins from an exchange, you need to store them in a virtual wallet, which allows you to either store your bitcoins or spend them on goods and services. Just a tip for the next time :) – Mikko Ohtamaa Jan 8 14 at 23:55 There are other sites in India, but unocoin. How this service works is you bring the sum of money you want to send in cash to an agent, present your passport, complete the money form, and list whoever will pickup the money in the recipient country. So if your Chinese friend only has an account with Bank of China, you must do the transfer there. Option 3: Transfer Funds via Bitcoin If you lack Chinese friends or do not trust someone sending your money for you with Alipay, you can send money online on your own through the purchase of Bitcoin. Time:Â Once you’ve signed up for all accounts and bought the BitCoin, transfer takes 2-5 business days.
A number of times I have sent amounts of around 5000USD to the United States and my sister had to call many branches before finding an agent with enough cash to complete the service. Their large presence speaks convenience and their process for sending money is pretty straightforward. Fees:Â PayPal charges a cross border fee due to extra costs involved in processing multi-currency payments.Decred.. I have studied the FAQ, but still I am not sure about how to transfer to PayPal and am unable to understand if I can withdraw directly to my PayPal account or whether I need an exchange. .Substratum.