Expected fee for fiat to crypto

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elkanto

New member
I offer a service locally where I take people's cash and give them crypto for a fixed fee and am looking to expand to other countries and currently gathering information on the fees other peeps who do the same have,any suggestions on how much the fee is or if anyone knows please lmk
 

JohnnyDoe

Mentor Group Gold
I offer a service locally where I take people's cash and give them crypto for a fixed fee and am looking to expand to other countries and currently gathering information on the fees other peeps who do the same have,any suggestions on how much the fee is or if anyone knows please lmk
It depends on a number of factors, which means the fees can range from 4% to 12%. PM if you want to collab
 

elkanto

New member
It depends on a number of factors, which means the fees can range from 4% to 12%. PM if you want to collab
I'm not able to dm but in my home country I have a 110k usd minimum and I charge up to 9% as it varies from what currency the othEr side has
 

menzu

CEO - Sifr.com
Mentor Group Gold
Your premium should be based on :

Payment method risk : PayPal is riskier than cadh.
Delivery time : Instant delivery is more expensive than 2-3 days due to market volatility or settlement risk/failure.
Liquidity: BTC/USD is extremely liquid compared to BTC/NGN.

You can charge till 7 % Premium in first world countries and up to 30 % in emerging markets.
 

Sols

Staff member
Mentor Group Gold
I offer a service locally where I take people's cash and give them crypto for a fixed fee

Sorry, i was wrong. I pay 0 fee on Binance.

If we take cash to mean actual cold cash, the service being offered here is different than using an exchange and people gladly pay several percent for it. They do it because it's either money laundering, sanctions evasion, or capital controls evasion (or in some cases for legitimate reasons). People with access to money in a bank account and the ability to deposit to and withdraw from exchanges are not the customers being targeted here.
 

Crest

New member
I offer a service locally where I take people's cash and give them crypto for a fixed fee and am looking to expand to other countries and currently gathering information on the fees other peeps who do the same have,any suggestions on how much the fee is or if anyone knows please lmk
Hi, I can do the same in Dubai, USD/AED cash to USDt for 2%, and same usdt to cash

Let me know if want to talk
 

diatessaron

Silver Member
5% in Continental Europe and then you can charge in the double digits in countries like Iran, not that you're gonna need to get involved with Iran like countries. That European 5% will make you super rich.
 
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