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Using BTC for international money transfer

Bitcoin Reddit

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(Please remind me if it's not legal...)

A question about the international money transfer using BTC. I live in Singapore and have my SG bank account here linked to crypto exchanges. I need to send 10k fiat USD to my own bank account in the US. As I don't live in US, what is the way people in US link a US bank account to a cryptocurrency exchange? Is KYC required? And if KYC is needed can I do it without living there physically (I got SSN when I lived in US years ago)? If it's doable, what exchange in US is recommended to receive BTC and deposit it to your US bank account? And if we compare with traditional bank money transfer is it really cheaper?

Thanks.


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