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An e-commerce business allowing payments and money transfers to be made through the Internet.

CurrencyFair can convert funds added from your bank account to a growing number of foreign currencies. The converted funds can then be transferred to a beneficiary account that you specify.

The service is available for both individuals and businesses.

This ability to send directly to the recipient's bank will likely make CurrencyFair a preferred method that will allow those purchasing bitcoins through a person-to-person marketplace, such as the Bitcoin-otc marketplace, to transact internationally.

Certain exchanges, such as Mt. Gox, may place restrictions on incoming bank transfers such that the name on the sender's account must be the same as name for the destination account at the exchange.

The service was launched in early 2009[1]. In 2010 a bitcoin community member contacted the service to request that the service add Bitcoin as one of the currencies supported though it does not appear that the organization has any plans to do so[2].

Bitcoin Money blog covered CurrencyFair in July, 2011[3].



Country name Currency Symbol Notes / Alternate
Austria (AUT) Euro EUR Euros
Belgium (BEL) Euro EUR Euros
Cyprus (CYP) Euro EUR Euros
Denmark (DNK) Danish krone DKK Danish kroner
Estonia (Est) Euro EUR Euros
Finland (FIN) Euro EUR Euros
France (FRA) Euro EUR Euros
Germany (DEU) Euro EUR Euros
Greece (GRC) Euro EUR Euros
Hungary (HUN) Hungarian forint HUF Hungarian forints
Ireland (IRL) Euro EUR Euros
Italy (ITA) Euro EUR Euros
Netherlands (NLD) Euro EUR Euros
Norway (NOR) Norwegian krone NOK Norwegian kroner (or kronor)
Poland (POL) Polish zloty PLN Polish zlotys
Portugal (PRT) Euro EUR Euros
Slovenia (SVN) Euro EUR Euros
Spain (ESP) Euro EUR Euros
Sweden (SWE) Swedish krona SEK Swedish kronor
Switzerland (CHE) Swiss franc CHF Swiss francs
United Kingdom (GBR) British sterling pound GBP British sterling pounds

Middle East

Country name Currency Symbol Notes / Alternate
United Arab Emirates (UAE) UAE dirham AED UAE darahim (or dirhams)


Country name Currency Symbol Notes / Alternate
South Africa (ZAF) South African rand ZAR


Country name Currency Symbol Notes / Alternate
Hong Kong (HKG) Hong Kong dollar HKD Hong Kong dollars
Singapore (SGP) Singapore dollar SGD Singapore dollars

North America

Country name Currency Symbol Notes / Alternate
Canada (CAN) Canadian dollar CAD Canadian dollars
United States (USA) U.S. dollar USD U.S. Dollars

Central and South America



Country name Currency Symbol Notes / Alternate
Australia (AUS) Australian dollar AUD Australian dollars
New Zealand (NZL) New Zealand dollar NZD New Zealand dollars


Transfers out cost €3 EUR (or about $4 USD).

See Also

External Links