Quote:
Originally Posted by crucifissio
walk in to a bank and say "I want to open a GBP account to receive GBP" also known as a foreign currency account...then exchange at normal rates...
you act like paypal exchange is the only option there is...you can change the currency online with your bank.....
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So you're suggesting that I ought to withdraw the GBP to an account via Paypal (taking 3-5 days), then depositing that GBP onto an exchange (hopefully finding one in Australia that accepts GBP and will allow you to trade) for 3-5 days, then selling the currency at the market rate to turn it into AUD, then withdrawing it (taking 3-5 days)?
Or, of course, I could get paid in Crypto, trade it INSTANTLY at the market rate and withdraw it. This would also bypass the $160 USD PayPal fee, for which you haven't given a viable reason as to why I wouldn't use Bitcoin instead. Even IF I could get a market rate for the currency exchange at my bank (which I absolutely know I cannot)