Presently, CurrencyFair has made significant and impactful efforts in the financial industry; this has increased its utilities for individuals and businesses. The mission of this reliable platform is offering its users effective and unlimited access to financial services. They have continued to achieve this by providing low exchange rates, excellent customer service, and user-friendly operations.

The headquarters of CurrencyFair is domiciled in Ireland. Other offices are in the United Kingdom, Singapore, Hong Kong, and Australia.

How to make a Transaction with CurrencyFair

The method of making international money transfers on CurrencyFair is unique and distinct. In addition, the currency exchange on CurrencyFair is between two users instead of a bank or a money transfer company. The steps involved in transferring cash on CurrencyFair include:

1. The first thing to do is to open an account. Select if the account is for personal purposes or for business. Both the individual and business account requires a valid email address and a password, your first and last name, and your country of origin. Visit the CurrencyFair website and open an account now.
2. Input the information of the recipient. You have to enter the country of the recipient, the name, and the account details.
3. The next step will be to initiate the transfer. In this step, you will need to enter the amount of money you want to transfer and indicate how you wish to pay for the transfer. The payment methods available on CurrencyFair are local bank transfer, credit card, or a debit card.
4. CurrencyFair handles this step. They convert the money to the recipient’s currency and transfer it to the indicated payout option.

It takes CurrencyFair approximately one to two working days to process the transfer of cash or currency exchanges. However, this processing time applies to Euros and can take longer days for other currencies.

Fees and Exchange Rates

When users want to transfer money from their account, CurrencyFair charges a fixed fee of about €3. For currency exchanges, the rate on CurrencyFair is between the ranges of 0.1% to 0.6% of the total amount. This depends on the currency pairing and the marketplace activity at that time. For international money transfers, users will pay about 0.35% to 0.5% of the transfer amount.

Advantages of using CurrencyFair

• One exceptional merit is that you can send funds to over 150 countries.
• They deliver payments in about 20 different currencies
• CurrencyFair employs staff that speaks local languages to facilitate transfers.
• CurrencyFair app is accessible on both Android and iOS mobile devices. This allows users to transfer money or exchange currencies at their preferred time and location
• Great positive reviews on Trustpilot from its users
• They offer security, transparency, and credibility.