In recent years, Romania has emerged as a tech-savvy hub for freelancers and remote workers, thanks to its growing IT sector and affordable cost of living. For these professionals, managing international payments can be challenging, but USD Coin (USDC) offers a stable, efficient solution to navigate the complexities of global transactions.

In this guide, you’ll learn how to receive foreign payments, convert them to USDC, and manage your finances effortlessly with Grey while working in Romania.

Also read: How to receive and convert foreign currencies to USDC

Why convert foreign payments to USDC as a freelancer in Romania?

For freelancers in Romania working with international clients, converting foreign currencies to USDC offers several advantages:

Stable value: USDC is pegged to the U.S. dollar, providing a predictable value and shielding you from the volatility of other cryptocurrencies.

Low fees: USDC transactions often incur lower fees compared to traditional bank transfers, saving you money on every transaction.

Fast access: Blockchain technology ensures quick transfers, so your funds are accessible when you need them.

Flexibility: Freelancers can hold USDC for stability or convert it into Romanian leu (RON) at favourable exchange rates.

Also Read: How to receive and convert foreign currencies to USDC in Croatia

How to receive and convert foreign currency to USDC

Grey offers a seamless way to receive and convert foreign currencies into USDC. Here's how:

Open the Grey app

Log in to your Grey account via the app or website to securely access your USD and other currency balances.

Select your USD balance

Navigate to the “Accounts” section and select your USD balance to initiate a USDC transfer.

Tap “Send via crypto”

Select “Send money,” then choose “Send via crypto” to begin the process of sending USDC.

Enter transaction details

Carefully input the recipient’s wallet address and choose the correct network (Solana or Binance Smart Chain) to ensure a successful transfer.

Input the transfer amount and review the details

Enter the amount of USDC to send. Double-check all information, including the wallet address and network, before proceeding.

Confirm and complete the transfer

Once you’ve verified the information, tap “Send.” Grey will prompt you to enter your two-factor authentication (2FA) code for added security.

Transaction success

The USDC will arrive in the recipient’s wallet shortly after processing. They can hold the USDC, convert it into RON, or use it as needed.

Also Read: How to receive dollar payments and convert to USDC in Malta

How to convert USDC to Romanian leu

To convert USDC into RON, use a crypto exchange or a local service supporting USDC-to-RON transactions. Some platforms offer direct conversion, while others may require

What are the considerations for freelancers holding and converting USDC?

While holding USDC is advantageous, keep these factors in mind:

• Network compatibility: Ensure the network you use matches your wallet and conversion service to avoid transaction issues.
• Fee awareness: Although USDC has low transaction fees, network fees may vary depending on the blockchain.
• Tax compliance: Romania treats cryptocurrencies as taxable assets. Consult a local tax advisor to ensure compliance when holding or converting USDC.

Also Read: How to receive dollar payments and convert to USDC in Hungary

Using Grey to simplify USDC management

With Grey, you can send USDC to supported wallets, manage funds with ease, and take advantage of robust security measures like two-factor authentication (2FA).

Create your Grey account today to unlock the full potential of USDC as a freelancer in Romania.
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