CurrencyFair vs TransferWise: How Should You Decide Which Site to Use?

While there are a number of online brokers and money exchange sites, there are several that stand above the rest. Two examples of such sites are CurrencyFair and TransferWise. If you look a breakdown of CurrencyFair vs TransferWise, you may not be able to determine which site is superior. How do you find the right site to use?

Discover customers feedback

Taking interview outdors

One of the first things you should do is look at online reviews for both sites. Even though both of these sites have strong reputations, you can obtain a lot of useful information from reviews. In fact, some of it is information that you won’t be able to find anywhere else. For example, when reading information on a normal site, it’s unlikely that you’ll find information about an extremely specific situation. However, you can find this kind of information in reviews all the time. This can help you a lot if you’re in a similar situation, and can also help you to see what site might better suit your needs.

Make your decision by try using TransferWise and CurrencyFair

As another way, you should see if you can try both sites out. While this may not be a possibility for everyone, it’s hard to top hands-on experience. When you spend real time with these sites, you’ll be able to notice things about them that are important to you specifically. You shouldn’t assume that CurrencyFair is better than TransferWise because of reviews; or vice-versa. What matters isn’t review scores, it’s how well a site will be able to meet your own unique needs. Each site is better in different situations.

If you’re unable to try these sites out for yourself, you may want to seek out more information on social media or web forums. There, you can explain what you’re looking for in a money transfer site, and ask if people would be willing to share their experiences with each of the two sites.

Contact customer service

Customer support team

You may even want to take things a step further and contact the customer service departments for both sites. If you have any questions that aren’t answered on the main site, you’ll be able to get your answers directly from them. You should never be afraid to ask for more information. If these sites want you as a customer, they’ll be more than happy to tell you what you need to know.


In the end, both CurrencyFair and TransferWise are well-reviewed companies. It’s likely that you’ll be happy with whichever site you choose to use. However, there’s no such thing as having too much information, and you can never be too prepared. Taking the time to do some extra research is always worthwhile.  It’s not about CurrencyFair vs TransferWise, it’s about finding the site that’s right for you. Look at the information available and come to your own conclusion. No one can make the final decision but you. Do your research, check out both sites, and decide which one you’ll be the happiest with. After that, you can start transferring funds right away.

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