CurrencyFair vs InstaReM - Who is better? [UPDATED 2024]

When it comes to sending money across borders, we tested options like CurrencyFair and InstaReM have emerged as leading choices. Both CurrencyFair and InstaReM online platforms offer efficient and cost-effective and secure international money transfers from CurrencyFair and InstaReM.

We compare CurrencyFair vs InstaReM into the unique features and benefits that distinguish CurrencyFair vs InstaReM, empowering you to make an informed decision based on your specific transfer needs like CurrencyFair vs InstaReM fees, currencies available, available payment methods on CurrencyFair compared to InstaReM, support options offered by CurrencyFair vs InstaReM, speed and more.

CurrencyFair vs InstaReM: Quick Feature Comparison

  1. Visit CurrencyFair alternative CurrencyFair Visit CurrencyFair

    Used By: 150,000
    Currencies Available: 17
    Transfer Fees: 0.45%
    Payment Methods: Bank transfer, debit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: £5.00 (or equivalent)
    Max Transfer: £10,000,000.00 (or equivalent)
    Year Founded: 2009

  2. Visit CurrencyFair alternative InstaReM Visit InstaReM

    Used By: 130000000
    Currencies Available: 11
    Transfer Fees: 0%-1%
    Payment Methods: bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: $1 (minimum sending amounts could differ based on certain currency pairs)
    Max Transfer: No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country)
    Year Founded: 2014

CurrencyFair vs InstaReM: Pros and Cons

CurrencyFair vs InstaReM
Advantages

CurrencyFair Advantages InstaReM Advantages
  • CurrencyFair has been serving clients for over 15 years
  • CurrencyFair is well rated among clients.
  • CurrencyFair is available internationally.
  • CurrencyFair has multiple currency options.
  • CurrencyFair provides phone customer support.
  • CurrencyFair provides email customer support.
  • CurrencyFair is available to iOS Apple device users.
  • CurrencyFair is available to Android mobile device users.
  • InstaReM boasts a high rating for sending money.
  • InstaReM operates in numerous international countries.
  • InstaReM offers an extensive range of currency options for money transfers.
  • InstaReM provides phone support.
  • InstaReM offers registered customers email support.
  • InstaReM has a Apple iOS app on Apple app store.
  • InstaReM offers a Android Google Play Store mobile app.

CurrencyFair vs InstaReM
Disadvantages

CurrencyFair Disadvantages InstaReM Disadvantages
  • CurrencyFair has no PayPal support.
  • CurrencyFair has no Neteller payments support.
  • CurrencyFair has no Skrill payment support.
  • CurrencyFair does have a mobile digital wallet like some others.
  • No home delivery with CurrencyFair.
  • No cash pickups with CurrencyFair.
  • No money order support with CurrencyFair.
  • No live chat support with CurrencyFair.
  • InstaReM has no PayPal option.
  • InstaReM has no Neteller option.
  • InstaReM has no Skrill option.
  • No digital wallets with InstaReM.
  • No InstaReM home delivery.
  • No InstaReM Cash pickups.
  • No InstaReM money order option.
  • No InstaReM Livechat.

CurrencyFair vs InstaReM Fees and Other Costs

Fee type CurrencyFair Fees InstaReM Fees
Transfer Fees 0.45% 0%-1%
Min Transfer £5.00 (or equivalent) $1 (minimum sending amounts could differ based on certain currency pairs)
Max Transfer £10,000,000.00 (or equivalent) No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country)
Payment Methods Bank transfer, debit card bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents)
Currencies AED, EUR, PLN, AUD, GBP, SEK, CAD, HKD, SGD, CHF, HUF, USD, CZK, NOK, ZAR, DKK, NZD AUS, SGD, HKD, INR, MYR, EUR, GBP, USD, CAD, JPY, NZD

CurrencyFair vs InstaReM Restricted Countries

CurrencyFair Country Restrictions

Afghanistan, Aland Islands, American Samoa, Angola, Anguilla, Antarctica, Antigua and Barbuda, Barbados, Belize, Benin, Bhutan, Bonaire (including Sint Eustatius and Saba), Bouvet Island, British Indian Ocean Territory, Burkina Faso, Burundi, Cape Verde, Central African Republic, Chad, Cocos (Keeling) Islands, Comoros, Congo, Democratic Republic of, Congo, Republic of, Cook Islands, Crimea, Cuba, Curacao, Djibouti, Equatorial Guinea, Eritrea, Faroe Islands, Fiji, French Guyana, French Polynesia, French Southern Territories, Gabon, Gambia, Greenland, Grenada, Guadeloupe, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and Mcdonald Islands, Holy See (Vatican City State), Iran, Iraq, Ivory Coast (Cote d'Ivoire), Japan, Kiribati, Kosovo, Kyrgyzstan, Lao People’s Democratic Republic, Lebanon, Liberia, Libya, Macao, Mali, Marshall Islands, Martinique, Mauritania, Mayotte, Micronesia, Federated States of, Montserrat, Myanmar, Namibia, Nauru, New Caledonia, Niger, Niue, Norfolk Island, North Korea, Northern Mariana Islands, Palau, Palestinian Territory, Papua New Guinea, Reunion, Pitcairn, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Sao Tome e Principe, Seychelles, Sierra Leone, Sint Maarten, Solomon Islands, Somalia, South Georgia and the South Sandwich Islands, Sudan (North and South), Suriname, Svalbard and Jan Mayen, Syria, Tajikistan, Timor-Leste, Togo, Tokelau, Tonga, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Vanuatu, Venezuela, Wallis and Futuna, Western Sahara, Western Samoa, Yemen, Zimbabwe, Crimea, Cuba, Iran, Libya, North Korea, South Sudan, Sudan, Syria

InstaReM Country Restrictions

Afghanistan, Aland Islands, American Samoa, Angola, Anguilla, Antarctica, Antigua and Barbuda, Barbados, Belize, Benin, Bhutan, Bonaire (including Sint Eustatius and Saba), Bouvet Island, British Indian Ocean Territory, Burkina Faso, Burundi, Cape Verde, Central African Republic, Chad, Cocos (Keeling) Islands, Comoros, Congo, Democratic Republic of, Congo, Republic of, Cook Islands, Crimea, Cuba, Curacao, Djibouti, Equatorial Guinea, Eritrea, Faroe Islands, Fiji, French Guyana, French Polynesia, French Southern Territories, Gabon, Gambia, Greenland, Grenada, Guadeloupe, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and Mcdonald Islands, Holy See (Vatican City State), Iran, Iraq, Ivory Coast (Cote d'Ivoire), Japan, Kiribati, Kosovo, Kyrgyzstan, Lao People’s Democratic Republic, Lebanon, Liberia, Libya, Macao, Mali, Marshall Islands, Martinique, Mauritania, Mayotte, Micronesia, Federated States of, Montserrat, Myanmar, Namibia, Nauru, New Caledonia, Niger, Niue, Norfolk Island, North Korea, Northern Mariana Islands, Palau, Palestinian Territory, Papua New Guinea, Reunion, Pitcairn, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Sao Tome e Principe, Seychelles, Sierra Leone, Sint Maarten, Solomon Islands, Somalia, South Georgia and the South Sandwich Islands, Sudan (North and South), Suriname, Svalbard and Jan Mayen, Syria, Tajikistan, Timor-Leste, Togo, Tokelau, Tonga, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Vanuatu, Venezuela, Wallis and Futuna, Western Sahara, Western Samoa, Yemen, Zimbabwe, Crimea, Cuba, Iran, Libya, North Korea, South Sudan, Sudan, Syria

CurrencyFair vs InstaReM Transfer Speeds

Transfer Speed CurrencyFair InstaReM
Account Opening 1-3 days 1-3 days
Money Transfer Speed 1-10 days 1-10 days

CurrencyFair vs InstaReM Languages

CurrencyFair Supported Languages

English, French, German

InstaReM Supported Languages

English

CurrencyFair vs InstaReM Verdict - Which is better?

Which is best out of CurrencyFair and InstaReM depends on your needs.

  • CurrencyFair vs InstaReM Transfer Fees: Transferring money with CurrencyFair costs 0.45% while InstaReM charges 0%-1%.
  • CurrencyFair vs InstaReM Supported Currencies: CurrencyFair deals in over 1, where as InstaReM offers transactions in 1.
  • CurrencyFair vs InstaReM Payment Methods: CurrencyFair accepts Bank transfer, debit card, while InstaReM allows transactions via bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents).
  • CurrencyFair vs InstaReM Transfer Limits: CurrencyFair allows transfers between £5.00 (or equivalent) and £10,000,000.00 (or equivalent). InstaReM's range is $1 (minimum sending amounts could differ based on certain currency pairs) to No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country).
  • CurrencyFair vs InstaReM Minimum Age for Account Creation: CurrencyFair requires users to be at least 18 years old, where as InstaReM has a minimum age requirement of 18.
  • Contact Number: You can reach CurrencyFair at +353 1 526 8411 and InstaReM at 07 3053 8888.
  • CurrencyFair vs InstaReM Countries of Operation: CurrencyFair operates in over 1 countries but has restrictions in over 1 countries. InstaReM serves 1 countries and restricts operations in 1 countries.
  • CurrencyFair vs InstaReM Client Base: CurrencyFair is used by 150, where as InstaReM serves 130,000,000.
  • CurrencyFair vs InstaReM Year Founded: CurrencyFair was established in 2009 and InstaReM began its operations in 2014.
  • CurrencyFair vs InstaReM Customer Rating: CurrencyFair holds a rating of 4, in contrast, InstaReM has a rating of 4.
  • CurrencyFair vs InstaReM Headquarters: CurrencyFair has its headquarters at Dublin, Ireland, while InstaReM is based at Singapore.
  • CurrencyFair vs InstaReM Employee Count: CurrencyFair employs 99 individuals, where as InstaReM has a team of 200.
  • CurrencyFair vs InstaReM Estimated Annual Turnover: CurrencyFair turnover stands at 64,000,000 USD, while InstaReM boasts a turnover of 10100000.
  • CurrencyFair vs InstaReM Founder: CurrencyFair was founded by Paul Byrne, holding the position of CEO & President. On the other hand, InstaReM was the brainchild of Sreya Dasgupta, currently holding the position of Product Owner.
  • CurrencyFair vs InstaReM Supported Languages: CurrencyFair offers support in over 1 languages. InstaReM communicates in 1.

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Screenshots

CurrencyFair Screenshot

CurrencyFair Screenshot

InstaReM Screenshot

CurrencyFair Screenshot