Sending dollars to Venezuela: the best alternative to the Venezuelan bolivar crisis
- Finances · 28 May 2025
- 1‘
The Venezuelan economic crisis has turned the devaluation of the bolívar into a constant concern for millions of families. With inflation exceeding 1,000% annually in recent years, the purchasing power of the national currency has drastically reduced, directly affecting the quality of life of those who remain in the country.
For Venezuelans living abroad, this situation presents a particular challenge: how to ensure that the money sent to their families maintains its value? The increasingly clear answer is to send dollars to Venezuela instead of bolivars.
Why sending dollars is the best option in 2025
Stability against bolívar volatility
The US dollar has consolidated as the refuge currency in Venezuela. While the bolívar can lose up to 50% of its value in a matter of months, the dollar maintains its purchasing power and is widely accepted in commerce, services, and daily transactions.
Greater purchasing power for families
When you send dollars to Venezuela, your family can:
- Buy basic products without worrying about daily inflation
- Access medications and private medical services
- Plan medium-term expenses with greater security
- Receive more money with your transfers
Alternatives to send money to Venezuela from abroad
Venezuela Western Union: the traditional option
Western Union remains one of the best-known options to send money to Venezuela. Its advantages include:
- Wide network of agencies in Venezuela
- Recognition and trust built over decades
- Possibility of cash withdrawal
However, it presents important limitations:
- High commissions
- Unfavorable exchange rates
- Only bolívar delivery is possible
- Processing time of up to 24 hours
- Need for the recipient to physically travel
Apps to send money to Venezuela
The digital market has evolved, offering applications to send money to Venezuela more efficiently:
Sendity: the comprehensive platform to send money to Venezuela
How to send dollars in cash with Sendity
Sendity positions itself as the most comprehensive platform to send money to Venezuela on the market, especially designed for the Venezuelan community abroad.
Simplified process:
- Quick registration: Create your account in less than 3 minutes
- Secure verification: Simplified identification process
- Amount selection: Choose the amount in dollars to send
- Recipient data: Enter your family member's information
- Confirmation: Receive instant notification of the transfer
- Your family receives dollars in cash: They can collect the money at any Italcambio window in Venezuela
Unique benefits of Sendity
Cash dollar delivery
- Your family receives physical dollars, not bolívars at an unfavorable exchange rate
- Withdrawal at strategic points in major cities
- No bank account needed
Competitive commissions
- No hidden commissions or surprises
- Official euro-dollar exchange rate
Exceptional speed
- Transfers processed in 24 hours
- Real-time notifications
Additional Sendity services
Send bolívars to bank accounts
Although sending dollars is a very convenient option due to exchange rate stability, Sendity also allows sending bolívars directly to bank accounts as an effective and efficient alternative for Venezuelans' daily needs.
Benefits:
- Direct deposit to bank account
- Fair commissions
- Official euro to bolívar exchange rate
- Compatible with all major Venezuelan banks
At Sendity, the exchange rate you receive on all your transfers is always the official one, regardless of whether it's bolívar or dollar transfers. Calculate your transfer and choose your preferred option: transfer with bolívar delivery to bank account or with cash dollar delivery.
Mobile top-ups from abroad
To maintain family communication, Sendity facilitates mobile top-ups to any Venezuelan operator:
- Movistar Venezuela
- Digitel
- Movilnet
Service features:
- Instant top-up
- Amounts from $5 USD
- Intuitive interface
How to send dollars to Venezuela from abroad: step-by-step guide
Basic requirements
To send money to Venezuela from abroad through Sendity, you need to create an online transfer account. For this, you'll need to register and verify your identity:
What do you need to create and verify your account?:
- An official identification document, which can be your Venezuelan passport, national ID, or identity card
- Take a selfie-type photo when verifying your identity
Recipient information when sending:
- Venezuelan identity card
- Updated contact information
Detailed process
- Access Sendity.com
- Create your user profile
- Verify your identity (This is an automated process that's only necessary the first time you use the service)
- Select "Cash dollar transfer"
- Enter the amount (from $100 USD to $800 USD)
- Add recipient details
- Confirm transaction and complete payment
- Receive email confirmation
Tips to maximize the value of your transfers
Strategic timing
- Avoid Fridays and weekends: Exchange rates tend to be less favorable
- Monitor economic news: Government announcements can affect rates
- Schedule regular transfers: Consistency helps average out fluctuations
Transfer security
- Use only regulated platforms like Sendity
- Always verify recipient data
- Keep receipts of all transactions
- Don't share confidential information over the phone
Cost optimization
- Send higher amounts less frequently to reduce proportional commissions
- Compare rates regularly
- Take advantage of special promotions
- Consider total cost, not just commission but also exchange rate charges
The future of money transfers to Venezuela
Emerging trends
The digitalization of remittances to Venezuela will continue to accelerate, with applications to send money to Venezuela becoming increasingly sophisticated and secure. Government regulations are also evolving to facilitate these essential economic flows.
Dollar adoption in Venezuela
The de facto dollarization of the Venezuelan economy makes sending dollars to Venezuela not only convenient but necessary. This trend will strengthen in 2025, consolidating the dollar as the preferred currency for daily transactions.
Frequently Asked Questions (FAQ)
Will my family members really receive dollars if I send money in euros from abroad with Sendity?
Yes, your transfer payment is completed in euros and Sendity converts this amount to dollars at the official exchange rate at the time of transfer, showing you the destination delivery amount before completing your remittance. Occasionally, there might be dollar shortages at the delivery branch. We recommend that the beneficiary contact their preferred Italcambio branch by phone to verify that the transfer is ready for delivery.
What is the minimum and maximum I can send in a single transfer?
With Sendity, you can send from $100 to $800 dollars in a single transfer.
What documents does my family member need to withdraw the dollars?
Your family member only needs:
- Valid Venezuelan identity card
Does my family member need to pay anything when receiving the money?
No, with Sendity, the only payment made is the commission when sending. Your family members won't have to pay anything when receiving the money.
Does Sendity operate throughout Venezuela?
Dollar delivery for transfers to Venezuela through Sendity is carried out at Italcambio windows. This provider has coverage in the main states of Venezuela:
- Anzoátegui
- Aragua
- Barinas
- Bolívar
- Carabobo
- Distrito Capital
- Falcón
- Lara
- Mérida
- Miranda
- Monagas
- Nueva Esparta
- Táchira
- La Guaira
- Zulia
Conclusion: the best option to support your family
The devaluation of the Venezuelan bolívar is not a temporary trend, but an economic reality that requires adaptation. Sending dollars to Venezuela has become the most effective strategy to ensure that your family support maintains its value and purchasing power.
Platforms like Sendity are revolutionizing the way Venezuelans abroad support their families, offering comprehensive services that go beyond simple money transfers. From cash dollars to mobile top-ups, these digital solutions are specifically designed for the needs of our community.
The bolívar crisis has created unique challenges, but has also accelerated innovation in financial services. Take advantage of these tools to maximize the impact of your family support and keep your loved ones connected and financially protected.
Ready to send your first dollar transfer? Visit Sendity.com and discover why thousands of Venezuelans worldwide already trust this platform for their most important transfers.