Can you exchange crypto in Bali?

Yes, in Bali you can exchange the stablecoin USDT at a very good rate, which is even more profitable than cash. So if you are a confident user of crypto exchanges, this is an excellent option.

We exchanged cryptocurrency at the official exchange BitExchange Money Changer (PT. Mongol Balindo Valas), here it is on the map. But there may be others, search through search.

For example, here are the exchange rates for USDT at the moment from personal experience:

• Official exchange rate - 16,585.
• USDT at the exchange at 16,200.
• Cash at street exchanges - 15,875.

It turns out that in our experience, USDT was 2% more profitable than cash dollars, and considering that USDT itself can be bought on crypto exchanges through P2P operations at a more favorable rate than cash dollars in Russian banks, the final difference in favor of USDT could be 3-5%.

However, do not forget about the commission for transferring USDT to another wallet, which you pay. For example, on the ByBit exchange it is $1.6 regardless of the amount, so exchanging large amounts is more profitable.

Moreover, even higher exchange rates are offered by private exchangers in Telegram chats, but we have no experience exchanging through them. If you decide to exchange through private exchangers, keep in mind that there is a high chance of being deceived. Use common sense and do not transfer money remotely in advance to anyone until you receive cash, no matter what rating and recommendations the exchanger has on Telegram, as all this is very easy to fake.

Read more about everything you need to know about currency and money in Bali and Indonesia in our guide here - https://nashaplaneta.net/asia/indonesia/money

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