Expected fee for fiat to crypto

[elkanto]

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

 

[jakubko666]

From a customer pov, i would not pay more than 1€.

 

[polonieth]

Where are you currently able to switch crypto to fiat for 1 EURO flat‍ rate?

 

[elkanto]

Take your illegally earned cash to the bank then and explain where you got‍ it from

 

[JohnnyDoe]

elkanto said:
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
Click to expand...

It depends on a number of factors, which means the fees can range from 4% to 12%. PM if you want to collab

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[elkanto]

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⁤

 

[jakubko666]

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

 

[HoneyBoo]

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.

 

[menzu]

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]

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 from︀ exchanges are not the customers being targeted here.

 

[Crest]

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]

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.

 

[imm]

Where do⁤ you operate? Please text me.

 

[fortunespeculator]

Hey crest can you dm me?

 

[Wellington]

Hope you are not in the US or touching $$$$ lol