CurrencyFair is a peer-to-peer (P2P) money transfer platform that allows individuals and businesses to exchange currencies at near-market rates. Launched in 2009 and headquartered in Ireland, CurrencyFair enables fast and cost-effective international transfers with transparent fees, making it an excellent alternative to traditional banks and other remittance providers.
What sets CurrencyFair apart is its unique marketplace model, where users can set their own exchange rates and wait for a match — or instantly send money using the best available rate.
Quick Review Summary:
Founded: 2009
Headquarters: Dublin, Ireland
Available In: 150+ countries
Best For: Transparent, low-fee currency transfers
Rating: ⭐ 4.5/5
In-Depth Review of CurrencyFair
Peer-to-Peer Exchange Marketplace
Get better-than-bank rates by matching with other users.Low, Flat Transfer Fee
Typically around €3 (or currency equivalent) per transaction.Multi-Currency Account
Hold and convert multiple currencies under one account.Transparent Pricing
No hidden charges — upfront fee + clearly stated margin (usually ~0.45%).Global Reach
Supports 20+ currencies and 150+ countries.Business Account Option
Tailored tools for startups, freelancers, and global businesses.
Who Uses CurrencyFair?
Freelancers, expats, and remote workers receiving international payments
Businesses paying overseas employees or suppliers
Individuals sending funds for property, tuition, or relocation
Users looking for better exchange rates without high bank fees
Near-market exchange rates
Fixed, low transfer fees
Fast transfer speeds (1–2 days)
Regulated in multiple jurisdictions
Marketplace feature can save money
Limited cash pickup or delivery options
Fewer supported currencies compared to giants like Wise
Matching in P2P marketplace may take time (optional)
User Testimonials:
Frequently Asked Questions (FAQs)
1. Is CurrencyFair regulated?
Yes, it’s licensed and regulated in the EU, Australia, Hong Kong, and other regions.
2. What currencies does it support?
Over 20 currencies including USD, EUR, GBP, AUD, CAD, INR, and more.
3. Can I use CurrencyFair for business payments?
Absolutely. They offer dedicated business accounts and bulk payment options.
4. How does the P2P exchange work?
Users set a desired rate and wait to match with another user — or use the best available rate instantly.
5. How long does a transfer take?
Typically 1–2 working days after the funds are received.
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