How to transfer money from Ukraine to another country?
Due to the war in Ukraine, many citizens are forced to withdraw or transfer their savings to another country.
If we are talking about small amounts, then this is extremely simple, since you can export from Ukraine a sum of 10,000 euros without additional documents.
But with more money, bigger problems can arise, which can lead to the loss of all your savings.
The situation with non-cash money is also unclear, as problems have arisen with regular bank transfers abroad in the past, and now it is even difficult to predict how things will develop.
Transferring money from a bank account in Ukraine
The main rule to follow at this time is not to try to transfer all funds in one payment; it is advisable to split them into amounts no more than 1,000 euros.
A large transfer of tens of thousands of dollars will almost certainly be blocked, but several transactions over several days are practically guaranteed to go through.
I won't list all the options available today, but I'll only name those that I've personally used:
With the help of cryptocurrencies
Although direct withdrawals from Ukrainian banks to cryptocurrency wallets are currently prohibited, there are numerous exchange services that offer this solution.
The easiest way to choose the right exchange office is through the rating of similar services https://www.bestchange.ru/
Thanks to the rating, you can easily find the desired exchange direction and the rate at which it will be carried out.
If we talk about the exchange rate, for example, today the PrivatBank exchange rate is 38.16 for 1 US dollar, and you can exchange the hryvnia for stablecoin at a rate of 39.82, which is only 1.66 hryvnia more expensive.
But the end result is cryptocurrency that can be used anywhere in the world. The commission for exchanging US dollars for stablecoins is around 2%.
To transfer cryptocurrency, you need a cryptocurrency wallet. Currently, I recommend Trustee Wallet:
It's a pretty decent wallet with a large number of cryptocurrencies. It's installed on your phone, and I've been using it for over a year. Just in case, install the app on two devices, for example, yours and your wife's.
Once you have installed the wallet app on your phone, you can begin the exchange itself.
To do this, you just need to follow a few steps:
- View your USDT or other cryptocurrency wallet address in the app.
- Select an exchange office on the service https://www.bestchange.ru/ and go to the desired exchanger
- Make the exchange by entering your Trustee wallet address
Once the money is in your wallet or, effectively, on your phone, you can easily withdraw it from Ukraine to any country, and then cash it out through the service mentioned above or transfer it to an overseas bank account.
Transfer money from Ukraine through an online exchange service
In Poland, I use an interesting service called https://walutomat.pl/, which allows me to easily transfer money from Ukrainian bank cards.
It should be noted, however, that the card must be in the currency you choose, and therefore the transfer will be made in the currency you choose.
Once you've transferred money, it's stored in your account balance. You can then transfer it with minimal fees to any country of your choice or exchange it for another currency.
Is it possible to withdraw cash from Ukraine?
As mentioned above, you can easily withdraw 10,000 euros, but if you want to withdraw larger amounts, it is advisable not to carry cash with you.
Cash exceeding the established quota is confiscated daily at the border, so it's best not to take any risks.
It's best to withdraw money from Ukraine using cryptocurrency, and BestChange offers this option. You send cash, and they'll top up your cryptocurrency wallet with the same amount:
As a result, you can easily withdraw the amount you need abroad and then exchange it for real currency. The reserves are quite large; if desired, you can easily exchange several million dollars.
All you have to do is choose which transfer option is most beneficial for you.
