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Theoretically, buyers want the smallest possible spreads, while sellers want the highest spreads. Real-world currency exchanges with brokers, banks, or businesses typically do not follow precise market rates. As financial middlemen, most will set exchange rates of their own at bid-ask spreads that return a percentage as profit for doing business. Bitcoin is pseudonymous, meaning…
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Content How to make an international transfer with Chase How Long Does an International Money Transfer Take? Why Does Chase Charge So Much for a Wire Transfer? Before you commit to sending money internationally, you should always ask the bank or transfer company for the exchange rate they’re going to use. Then, take that rate…
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