Exchanging BTC to Fiat Currency

[Former Member 14]

Not being located in a SEPA country can, and usually is, these days, a PITA. I had some cash sitting in Neteller. In the past, I'd have it wired BUT last time they made a complete b#lls up of it. I was chasing that wire for weeks with them.

I'd found a BTC exchange where I could purchase fiat into BTC with NT and then send out. However, when I went to use it again, NT had been discontinued. Not totally, only for (you guessed it) those not in a SEPA country. Back I go looking again.

Finally found another place. Their 1'st transfer was free of fees. Went to use it again last month... US$290 (AU$430) by the time it hit my BTC wallet (Ledger), I'd been hammered for close to AU$100 in fees I think we're all in the wrong industry!

Think I'll just use my NT money for links, from now on...

[Reddy]

Not being located in a SEPA country can, and usually is, these days, a PITA. I had some cash sitting in Neteller. In the past, I'd have it wired BUT last time they made a complete b#lls up of it. I was chasing that wire for weeks with them.

I'd found a BTC exchange where I could purchase fiat into BTC with NT and then send out. However, when I went to use it again, NT had been discontinued. Not totally, only for (you guessed it) those not in a SEPA country. Back I go looking again.

Finally found another place. Their 1'st transfer was free of fees. Went to use it again last month... US$290 (AU$430) by the time it hit my BTC wallet (Ledger), I'd been hammered for close to AU$100 in fees I think we're all in the wrong industry!

Think I'll just use my NT money for links, from now on...

Yes, the services that I found that allow you to buy BTC with Neteller charge around 7-8% when you take into account fees, bad exchange rates, etc.