Best Gatehub transfer for NZ Users

[lightbulb32]

Hey Guys,

I was just getting started on XRP and i transferred 350 USD to gatehub as a test. It all went smoothly but it appears gatehub took a $40 fee as i was left with $310. The initial transfer has a 15NZD transfer fee that my bank charges and i transferred the money at around 0.68c for 1 USD which means the whole thing cost me $528NZD (that's before the $40 gatehub fee was taken!).

I'm just curious if this is the best and only way to get money into gatehub? Are there any other NZ'ers here that do the same thing? Is this just a necessary thing that I have to suck up?

 

Thanks in advance!

[Rchopra]

4 minutes ago, lightbulb32 said:

Hey Guys,

I was just getting started on XRP and i transferred 350 USD to gatehub as a test. It all went smoothly but it appears gatehub took a $40 fee as i was left with $310. The initial transfer has a 15NZD transfer fee that my bank charges and i transferred the money at around 0.68c for 1 USD which means the whole thing cost me $528NZD (that's before the $40 gatehub fee was taken!).

I'm just curious if this is the best and only way to get money into gatehub? Are there any other NZ'ers here that do the same thing? Is this just a necessary thing that I have to suck up?

 

Thanks in advance!

Other option could be buying btc  in Nz and transferring it gatehub but generaly speaking, unless u have local btc provider there would be difference in btc price compared to Usd and fee would not be much different, thats why i use the same method as urs to buy from Australia. 

[enej]

15 minutes ago, lightbulb32 said:

Hey Guys,

I was just getting started on XRP and i transferred 350 USD to gatehub as a test. It all went smoothly but it appears gatehub took a $40 fee as i was left with $310. The initial transfer has a 15NZD transfer fee that my bank charges and i transferred the money at around 0.68c for 1 USD which means the whole thing cost me $528NZD (that's before the $40 gatehub fee was taken!).

I'm just curious if this is the best and only way to get money into gatehub? Are there any other NZ'ers here that do the same thing? Is this just a necessary thing that I have to suck up?

 

Thanks in advance!

Please note that GateHub fee was only $15. Any additional fees were charged by intermediary bank before the money even hit our bank account.

That said, I agree with @Rchopra that if you have the option to buy BTC locally that might be the best way to deposit money to GateHub from NZ.

 

[lightbulb32]

21 minutes ago, enej said:

Please note that GateHub fee was only $15. Any additional fees were charged by intermediary bank before the money even hit our bank account.

 

Oops, sorry! Didn't realise it was the intermediary bank taking the fees!

Thanks for your help fellas, I guess i'll just keep doing it this way until I find a way to buy BTC locally