I’ve had a difficult time in banks to change money. Plenty of bureau de change around, however, be advised, changing something small like $/Euros/GBP 50, or 100, or even 200 might have a high fees. Preferred amount is usually $300 (or equivalent) and higher. In such a case, you will not be paying the 6% […]
Should I use Bitcoin or TransferWise to transfer money to myself internationally? What makes more sense financially? I am not in a rush, but don’t want to pay racketeering fees from forex rates.
It depends if you’re able to cash out into fiat using Bitcoin. If that option is available, then Bitcoin might just be the best option. However, you’d be pretty hard to compete with Transferwise. What is the differential we are talking here between the two? Have you done any analysis of it. Assuming the amount […]