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CurrencyFair
by CurrencyFair
What CurrencyFair is
CurrencyFair provides online cross-border payments and foreign-exchange services through web, iOS, Android, and an API for approved business and institutional partners. Users can send and receive money to and from more than 150 countries in more than 20 currencies, with bank recipients listed and same-day transfer speed. Quick Trade supports instant exchanges; Marketplace Trades let users set a desired rate and wait for a match. Users can set rate alerts, track transfers, and schedule transfers. Business customers can pay overseas workers, suppliers, and contractors, as well as receive international payments. UK-based business customers can hold more than 20 currencies and choose when to convert them. CurrencyFair lists a free plan, but sending or transferring out after exchange incurs a €3 or currency-equivalent charge and a currency-exchange margin. Identity verification is required and may involve identification and up to two proofs of address. The maker says its platform is hosted in AWS and uses segregated customer accounts at top-tier international banks; it also states it has ISO 27001 and SOC 2 Type 2 certifications. CurrencyFair was founded in 2010 and is headquartered in Dublin, Ireland.
Who it suits
CurrencyFair suits individuals and businesses making international payments or exchanging currencies. UK-based business customers can also use the listed multi-currency holding feature.
What it does well
- Transfers reach more than 150 countries.
- Supports more than 20 currencies.
- Offers rate alerts, tracking, and scheduling.
- Phone, email, and support-centre help are listed.
What to know first
- Charges €3 or currency equivalent per send or transfer out.
- CurrencyFair adds an exchange margin.
- Identity verification may require up to two proofs of address.
Plans
| Plan | Billed and limits | Price |
|---|---|---|
| International transfer | €3 or currency equivalent when sending money or transferring out · Flat transfer fee after currency exchange · Currency equivalent may apply · CurrencyFair also adds a currency-exchange margin | €3 a month |
| Personal account | per send or Transfer Out after exchange · no setup charge · no monthly fee · typically around 0.53% exchange margin | €3, paid once |
| Business account | per send or Transfer Out after exchange · no setup charge · no monthly fee or premium · typically around 0.53% exchange margin | €3, paid once |
As currencyfair.com lists them, read 20 Sept 2026. The maker's own page has the final word.
Verdict
CurrencyFair offers several ways to exchange and send money, including rate-matched marketplace trades and business payment features. Consider the stated fee, exchange margin, and verification requirements before choosing it.
Facts from CurrencyFair's own pages
- Account verification
- CurrencyFair requires identity verification for customers and may require identification and up to two proofs of address. · currencyfair.com, 28 Sept 2026
- API integrations
- Approved business and institutional API partners can integrate with CurrencyFair through its REST API, using API keys and OAuth bearer tokens. · tech.currencyfair.com, 28 Sept 2026
- Business use
- Business customers can pay overseas workers, suppliers and contractors and receive international payments. · currencyfair.com, 28 Sept 2026
- Exchange methods
- The platform supports instant Quick Trade exchanges and Marketplace Trades where users set a desired rate and wait for a match. · tech.currencyfair.com, 28 Sept 2026
- Exchange-rate model
- markup · currencyfair.com, 20 Sept 2026
- Upfront fee display
- Yes · currencyfair.com, 20 Sept 2026
- Founded
- 2010 · currencyfair.com, 28 Sept 2026
- Free plan
- Yes · currencyfair.com, 20 Sept 2026
- Headquarters
- Dublin, Ireland · currencyfair.com, 28 Sept 2026
- International reach
- Users can send and receive money to and from more than 150 countries in more than 20 currencies. · currencyfair.com, 28 Sept 2026
- Mobile platforms
- both · currencyfair.com, 20 Sept 2026
- Multi-currency receiving
- UK-based business customers can hold more than 20 currencies and convert when market conditions suit them. · currencyfair.com, 28 Sept 2026
- Rate alerts
- Users can set a rate alert when they are not ready to exchange immediately. · currencyfair.com, 28 Sept 2026
- Recipient methods
- bank · currencyfair.com, 20 Sept 2026
- Regulation
- CurrencyFair Limited is regulated by the Central Bank of Ireland, while its entities are also regulated in Australia, Singapore and Hong Kong. · currencyfair.com, 28 Sept 2026
- Scheduled transfers
- Yes · currencyfair.com, 20 Sept 2026
- Security certifications
- CurrencyFair states that it has ISO 27001 and SOC 2 Type 2 security certifications. · currencyfair.com, 28 Sept 2026
- Security hosting
- CurrencyFair says its platform is hosted in the AWS cloud and uses segregated customer accounts held in top-tier international banks. · currencyfair.com, 28 Sept 2026
- Support
- CurrencyFair offers customer support by phone and email plus a support centre with frequently asked questions. · currencyfair.com, 28 Sept 2026
- Transfer speed
- Many international transfers are completed within 24 hours, and GBP Faster Payments can arrive within one hour with participating banks. · currencyfair.com, 28 Sept 2026
- Transfer tracking
- Yes · currencyfair.com, 20 Sept 2026
- What it does
- CurrencyFair provides online cross-border payments and foreign-exchange services. · currencyfair.com, 28 Sept 2026
Where CurrencyFair stands on Freedom251
- Money Transfer Apps#4 of 81