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Currency Fair - Market Place Trading

14-08-2013 01:28AM

#1

Little Sunshine

Registered Users, Registered Users 2 Posts: 112 ✭✭

Join Date: March 2009

Posts: 48

Hi
Has anyone used the market place trading to exchange money - I normally use the quick exchange - how does the market place one work

Thanks

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Comments

#2 14-08-2013 03:04AM

Legend100

Registered Users, Registered Users 2 Posts: 736 ✭✭✭

Join Date: June 2008

Posts: 718

never used it either but I read this blog a few months ago that explains it

http://currencyfair.com/market_or_quicktrade_exchange

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#3 14-08-2013 03:25AM

jackbhoy

Registered Users, Registered Users 2 Posts: 1,280 ✭✭✭

Join Date: May 2006

Posts: 1252

Yep, I tend to use marketplace much more than quick trade.

It's quite simple, you just put up rate you want and wait to see if someone will trade with you at that rate, if you have ever used Betfair it is very similar process.

I find it can be good on Friday evenings as some people want to trade out before market closes for weekend so you can often get matched on good rate...

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