There are times when an exchange office is required to send money from one country to another, but the rates and commissions are usually not competitive. In this regard, El Dorado P2P has experienced growth today, as it offers low exchange rates.
It is a cryptocurrency marketplace that has been created to be reliable, safe and efficient when sending your money to Venezuela from Latin America or vice versa. No matter the time, this platform will always be available to buy and sell currencies online.
El Dorado P2P has international licenses and protocols to guarantee the security of users' money.
Next, learn how to send money to Venezuela from Latin America with the help of this platform Peer to Peer.
How to send money to Venezuela from Latin America?
To receive money in Venezuela, here are the steps to use El Dorado P2P:
- Download the El Dorado P2P app: go to the store on your mobile device and proceed to download the app, install it and start registering it.
- Enter your user data: it will be necessary to enter the username and an email and password with a minimum of 12 characters, including lowercase letters, capital letters and numbers.
- Approve notifications on the device: the next step will be to authorize the sending of notifications on the mobile device.
- Enter additional personal information for KYC verification: indicate your country of birth and city, as well as your first and last name, active mobile number, identity document and date of birth.
- Start trading on the El Dorado app: once your identity has been verified, select the local currency in which you expect to send the money to buy USDT or USDC.
- Define the payment method: choose a payment method, it currently has different payment methods for currencies, such as bolivars, dollars, Colombian pesos, Argentine pesos, Peruvian soles and Brazilian real.
- Indicate the total or amount of the transaction: set the amount of local currency to buy USDT or USDC, the price will vary due to a law of supply and demand of sellers.
- Proceed with the payment: make the payment according to the chosen method and confirm the transaction with the advertiser to release the USDT or USDC.
- Send the USDT or USDC to the recipient in Venezuela: go to the “send” section and indicate the electronic wallet in the same destination app, as well as the USDT or USDC to send.
- The operation ends: upon confirming the transaction, the recipient in Venezuela will receive their funds in USDT or USDC, which must then be changed to bolivars in the same app.
How to send money from Colombia to Venezuela?
If you are resident in Colombia and need to send money to Venezuela, you can use El Dorado P2P buying and selling Tether (USDT). The process for using the app is simple:
- Convert COP to USDT: you have to buy USDT in Colombia with the payment method you want.
- Choosing a payment method: The payment methods available in El Dorado are Bancolombia, Nequi, Davivienda, Daviplata, BBVA and Falabella.
- Confirm the transaction: here you must indicate the amount of USDT you are going to buy and then you must confirm the transaction.
- Pay the seller and mark the transaction as complete: to finish with the steps, you just have to make the payment to the seller's account and mark the transaction as complete to receive USDT in your El Dorado P2P wallet.
- Send the USDT: send the funds directly to the end user in Venezuela and have them sell the Tether to convert them to their local currency through the same platform.
El Dorado P2P offers you advantages for sending money to Venezuela, highlighting its flexibility, speed and low fees. For example, El Dorado P2P is known for offering you the most competitive commissions available at exchange offices.
Transfers between users of El Dorado and deposits from external wallets only incur the blockchain network fee.
In addition, the commission for posting P2P ads is 0.25% of the total amount, only for the creator of the offer.
What is the exchange rate?
Las exchange rates In El Dorado P2P are determined by the supply and demand of the P2P market. This table serves as a reference as a basis for calculation:
COP
USDT
1
0.000223
5
0.001119
10
0.002239
25
0.005597
50
0.011195
100
0.022391
500
0.11959
1000
0.223918
5000
1.119592
10,000
2.239184
50,000
11,195921
It should be noted that P2P operations will have a commission of 0.25% on the total cost of the transaction, which will be borne by the merchant.
How to send money from Argentina to Venezuela?
If you're in Argentina and want to send money to Venezuela, you can use the El Dorado P2P mobile app using USDT or USDC:
- Buy your USDT or USDC: Buy your USDT and USDC with Argentine pesos with the El Dorado P2P app.
- Select a payment method: select the way you are going to pay, some options are Mercado Pago, Brubank, Lemon Cash, Belo, bank transfer, BBVA, Banco del Sol, Ualá, Reba and Prex.
- Enter the amount of the trade: type the amount of USDT you are going to buy and then confirm the transaction.
- Choose a seller: Pay the buyer with their bank details and mark the transaction as complete to receive your USDT or USDC.
- Make the USDT or USDC shipment: send the purchased USDT or USDC to the recipient's wallet in Venezuela. The latter must sell the Tether or USDC to convert them into bolivars when locating a buyer on the El Dorado platform.
What is the exchange rate?
If you want to send money from Argentina to Venezuela through El Dorado P2P, keep in mind that the exchange rate fluctuates constantly. For example, the exchange rate to date is as follows:
ARS
USDT
1
0.000886
5
0.004432
10
0.008865
25
0.022162
50
0.044325
100
0.088649
500
0.443246
1000
0.886492
5000
4.432462
10,000
8.864924
50,000
44,324618
How to send money from Peru to Venezuela?
Sending money from Peru to Venezuela is very easy, there are platforms, applications and companies that can help you. But the most popular one at the moment is El Dorado P2P:
- Create an El Dorado P2P account: download the application or use the official El Dorado website and follow the steps to create an account.
- Complete identity verification (KYC): This is necessary to unlock all platform features and increase security.
- Select the currency you are going to trade with: you can do it with Peruvian soles. Access the “Exchange” section and choose the currencies. Then, select “Send” PEN and “Receive” USDT.
- Choose a payment method and offer: El Dorado P2P supports Banco de Crédito del Peru, Plin, Yape, Interbank and BBVA.
- Confirm the transaction and make the payment: you must make the payment by transfer using the selected method and confirm the operation.
- Wait for them to release the USDT or USDC: when the seller confirms receipt of the payment, the USDT or USDC will be credited to your El Dorado wallet.
- Send the USDT or USDC to the person in Venezuela: the recipient must change the USDT or USDC by selecting a buyer who can send bolivars directly to any of the country's national banks available in El Dorado.
What is the exchange rate?
El Dorado P2P has low fees when it comes to directly depositing USDT or USDC from Peru to the recipient's wallet in Venezuela within the same app.
For example, USDT (TRON) and USDC (Polygon) shipments are free. Meanwhile, the withdrawal has a commission that varies between 0.5 and 4.5 USDT for USDT (TRON) and between 0.1 and 0.6 USDC for USDC (Polygon)
The exchange rate varies depending on the provider when changing from soles to USDT. For example, as of today, the general rate is:
PEN
USDT
A PEN
0.26321 USDT
5 PEN
1,3160 USDT
10 PEN
2.6321 USDT
20 PEN
5.2642 USDT
50 PEN
13.1604 USDT
100 PEN
26,3209 USDT
1,000 PEN
263.21 USDT
How much is the minimum and maximum amount to send?
Both the minimum and maximum amount you can send to Venezuela from Latin America will always vary depending on the shipping method of each platform you use.
In El Dorado P2P, you can start a buy/sell announcement from 0.01 USD and the minimum withdrawal in USDT is 10 USDT + 1 USDT fee.
For the maximum, the maximum “allowance” limits (the amount you can move per month) depending on the KYC (Know Your Customer) level reached, vary depending on your level:
- Level 1: Allows you to move up to 250 USD per month.
- Level 2: Allows you to move up to 10,000 USD per month.
- Level 3: Allows you to move up to 250,000 USD per month.
- Level 4: Allows you to move up to 1,000,000 USD per month.
If you take into account each of these monthly limits, you will know when you can trade in the market using the El Dorado app to send and receive money to and from Venezuela.
