Re:Bitcoin is a disaster
by tekknik on Friday January 01, 2021 @09:57AM
(#25603652)
> My (limited) experience with US banks is that they have huge hidden fees and you get really bad currency exchange rates. I'm talking about 8% of funds miraculously disappearing during currency exchange. I don't understand why anybody would bother going via USD.
You need to shop around for a better US bank account. This is not a common thing for us to do so if you pick up a random bank then you’ll be paying close to 10% in various conversion and fx fees. There are definitely US banks that charge 1%, some even 0%.
Re:Bitcoin is a disaster
by yarcob on Friday January 01, 2021 @03:26PM
(#25606649)
The problem in that case was with a partners bank, not my own. The solution was to request payments in USD rather than EUR and have my bank do the conversion.
You need to shop around for a better US bank account. This is not a common thing for us to do so if you pick up a random bank then you’ll be paying close to 10% in various conversion and fx fees. There are definitely US banks that charge 1%, some even 0%.