Crypto in 2026: Oh, This Is the Bad Place

Re:Crypto in 2026: Oh, This Is the Bad Place by energy123 on Tuesday June 23, 2026 @10:17AM (#48645355)

Wise demands a massive fee through bid-offer spread, they're more expensive than many regular retail banks for FX conversion. They're basically running a deceptive advertising campaign due to customers not knowing about bid offer spread.

Wise is even worse than "zero-fee" stock trading platforms like Robin hood who do payment for order flow. At least PFOF is more competitive and regulated and you're only getting a few basis points stolen from you instead of like 80 basis points.

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Re:Crypto in 2026: Oh, This Is the Bad Place by notpushkin on Tuesday June 23, 2026 @11:34AM (#48646710)

Wise fees are sometimes big, but I find them fairly transparent about it.

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Re:Crypto in 2026: Oh, This Is the Bad Place by FredFS456 on Tuesday June 23, 2026 @12:24PM (#48647399)

From my own comparisons, when converting, say, $1000 USD with Wise the spread+fee is about half of any of the banks that I have accounts with. Where Wise takes a huge cut is if you convert $10 at a time.

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Re:Crypto in 2026: Oh, This Is the Bad Place by energy123 on Tuesday June 23, 2026 @05:04PM (#48651431)

Then I suppose it depends on the FX pair and the bank. I was looking at $8k USD equivalent and the bid offer was worse than my retail bank

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