To elaborate a bit: I currently withdraw money from my sales via SEPA to Wise, and then use Binance P2P. The platform I sell on also suggests Payoneer and Skrill, but I’m unable to open a Skrill account due to local regulations. Direct crypto withdrawal from the platform costs $20 plus a 6% fee, which is not viable.
On Wise, I pay a 0.47% fee to convert EUR to USD, and then I use Binance P2P (USD side, because with EUR there’s a 1-day hold). The P2P fee varies between 0.5% and 1% depending on market conditions. So overall, I’m paying close to 1% just to move the money into crypto.
I need your advice for this situation. I have limited capital, so I need to turn the money around quickly to restock inventory. Also, SEPA doesn’t work on weekends, which delays things further.
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