So, hypothetically, I would like to withdraw. Money will end up being euros on the bank account.
Should I withdraw in euro or USD? Does MA have some secret exchange fees that makes it better to let my bank do the conversion? Anyone with experience who can help me out?
When I once selected to receive money in EUR, exchange fee was quite enormous. Don’t remember now it was on MA’s side or my bank, but I guess MA’s bank did conversion.
Now I always withdraw in USD and can later exchange to EUR if needed.
money is sent in usd by mindark , if you receive money in euro then the exchange rate is or can be bad because of your bank.Best is to probably receive it in usd account so you can then find a better exchange rate elsewhere.
I personally use Revolut app and it has very good exchange rates, I don’t know if any better out there but give it a look.
Always withdrawn in USD myself. I considered withdrawing in CAD in the beginning and researched it and the conclusion I reached was definitely USD is better for me. I can convert with a 1% conversion fee with my bank and I think it’s pretty much the best possible conversion rate.
Funny how mob-rate conversion fee of 1% for doing nothing is considered good. The banks got us in their pockets ?
Well I didn’t say it was good, I said as far as I know, it’s pretty much the best possible at this time. But yeah, it’s robbery