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Did you try using a bank wire transfer? I've transferred money from US to Russia via bank wire transfer and they had a flat fee ($45) which is perfect for large
by usaphp 13y ago
Did you try using a bank wire transfer? I've transferred money from US to Russia via bank wire transfer and they had a flat fee ($45) which is perfect for large amounts.
- joezydeco 13y agoExcept you had all those pesky FinCEN forms to fill out, right?
- wmf 13y agoYou'll have to go through the same know your customer at a Bitcoin exchange (twice if you go through two exchanges) and then the exchange may also randomly decide to decline your transaction due to "risk".
- twelvechairs 13y agothe flat fee is not the only spot where money is made on these transfers. the big one is giving you a bad rate (so effectively the bank takes a percentage anyway). also they make money through holding your cash rather than transferring straight through.
- usaphp 13y ago> the big one is giving you a bad rate Not sure about that, they gave a usual bank rate, I doubt you can get a much better rate when you transfer and convert money from/to bit coin exchange.
- deleted 13y ago[deleted]
- ye 13y agoI can absolutely guarantee you that they screwed you over on the conversion rate. $45 is just a fee to distract you from 3-5% they take on the bad rate.