Bitcoin Forum
July 23, 2018, 04:34:49 AM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: CurrencyFair - experiences ?  (Read 3164 times)
Herodes
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1000


View Profile
July 28, 2012, 04:20:09 PM
 #1

I'm not affiliated with this site, but while researching different ways to convert between currencies, this site came up:

http://www.currencyfair.com/


It's apparently an exchange were private individuals exchange currencies in between themselves.

So my question is: Are there any bitcoiners using this service ? And could you tell a little about your experiences ?

Obviously the usage for bitcoiners of this service would be to exchange from for instance their national currency or EUR to USD for deposit with an exchange.

Thank you very much!

1532320489
Hero Member
*
Offline Offline

Posts: 1532320489

View Profile Personal Message (Offline)

Ignore
1532320489
Reply with quote  #2

1532320489
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Stephen Gornick
Legendary
*
Offline Offline

Activity: 2506
Merit: 1001


View Profile
July 28, 2012, 05:54:55 PM
 #2

Obviously the usage for bitcoiners of this service would be to exchange from for instance their national currency or EUR to USD for deposit with an exchange.

From the Bitcoin wiki:

Quote
CurrencyFair can convert funds added from your bank account to a growing number of foreign currencies. The converted funds can then be transferred to a beneficiary account that you specify.
[...]
This ability to send directly to the recipient's bank will likely make CurrencyFair a preferred method that will allow those purchasing bitcoins through a person-to-person marketplace, such as the Bitcoin-otc marketplace, to transact internationally.

 - http://en.bitcoin.it/wiki/CurrencyFair

So in addition to letting you convert funds for deposit at an exchange, you can use the service for person-to-person transactions.  

It would seem to be a great way for a trader to ship a foreign currency back home but because the deposit can only come from your own bank account (and not from a bitcoin exchange), then CurrencyFair doesn't serve this need.  

A couple other services that are similar, include TransferWise and for tuition, for instance, PeerTransfer.

 - http://en.bitcoin.it/wiki/TransferWise
Herodes
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1000


View Profile
July 28, 2012, 06:03:25 PM
 #3

Thanks a lot, I will check out those additional services as well.
Bimmerhead
Legendary
*
Offline Offline

Activity: 1201
Merit: 1000


View Profile
July 28, 2012, 06:46:34 PM
 #4

Looks similar in functionality to this:

https://www.bitcoinary.com/
Stephen Gornick
Legendary
*
Offline Offline

Activity: 2506
Merit: 1001


View Profile
July 29, 2012, 08:40:29 AM
 #5

Looks similar in functionality to this:

https://www.bitcoinary.com/

With both TransferWise and CurrencyFair the funds are deposited and then the service itself sends out the payment.  With Bitcoinary, who takes the hit if a bank transfer is reversed?
Andrew Vorobyov
Hero Member
*****
Offline Offline

Activity: 565
Merit: 500



View Profile
July 29, 2012, 09:50:03 AM
 #6

http://fxglobaltransfer.oanda.com/

It's much better for large amounts

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!