Paxum forex advice (those getting payments in USD and living in EUR)
 

Hey guys,
:helpme
Just wondering what you suggest in terms of USD incoming payment transfers on the Paxum Card (UnionPay) living in EU (for me specifically in Germany).

Would i get better rates if i let Paxum do my forex and order the EUR card (they will do the exchange for me automatically on the day/moment) or should i leave it in USD and each time i use the card and withdrawal the funds from ATM or whatever store usage let the store /local bank rates do the forex? Thanks!

Check your local regulations about how to declare the money.

Hi WG! Similar problem being in Canada, the best exchange rate I've found is to withdraw USD->USDC and then use a local crypto exchange service in your country to trade USDC/[LocalCurrency]. It may take some time to find the best local crypto dealer, but I found one that's licensed and local that charges just 0.5%. Banks are generally more welcoming of crypto transactions than adult too.

WG