Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: GunRunner

A wire is $25. A certified check is a few dollars. What would the exchange cash out fee be for that hypothetical $600K real estate deal?


73 posted on 05/09/2022 4:37:24 PM PDT by BiglyCommentary
[ Post Reply | Private Reply | To 70 | View Replies ]


To: BiglyCommentary
What would the exchange cash out fee be for that hypothetical $600K real estate deal?

If the seller were going to accept a P2P transaction, it would depend on which exchange you use and your level of trading. But probably around 25 basis points at that level. You would likely charge the seller a "processing fee" for paying in crypto if that was the case, just like is often done for credit card transactions.

For a crypto-fiat payment processor on the transaction (instead of P2P), around 1% to the buyer.

It's more applicable in high fee/tax scenarios, so for instance in Argentina, any money moving out is held for 30 days by the Argentine government, and taxed at around 30%. If you wanted to get money out of Argentina, or a country with similar protective tariff-like money transfer laws, bitcoin would be the superior way to do it.

75 posted on 05/09/2022 5:17:23 PM PDT by GunRunner
[ Post Reply | Private Reply | To 73 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson