InstaReM only offers zero-margin transfers for some currencies and during certain hours. The company doesn’t make it clear which currencies and hours this applies to.
Its rates can be very difficult to beat, but transfer options are also limited and it may not have the currency you’re after. If you need a company with different transfer options, check out some of its top competitors.
TransferWise is one of the only other money transfer services to offer the mid-market rate. While it has a wider range of currencies to choose from than InstaReM, it can also take longer for some transfers to arrive. If you want mid-market rates, but also want to see if you can get even lower fees, it could be worth comparing InstaReM and TransferWise.
Andrew Munro is the cryptocurrency editor at Finder. He was initially writing about insurance, when he accidentally fell in love with digital currency and distributed ledger technology (aka “the blockchain”). Andrew has a Bachelor of Arts from the University of New South Wales, and has written guides about everything from industrial pigments to cosmetic surgery.
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