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Anonymous

29 Mar 2020

Robo-Advisors

Converting SGD to USD with Kristal.AI?

On kristal.AI's website, they mention that they do "Conversions at 5bps". What does this mean?

Is it better for me to use a third party platform such as TransferWise to transfer USD into kristal.Ai or should I use their platform to convert?

Discussion (1)

What are your thoughts?

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Bps stands for basis points. Mostly equal to 1% of exchange rate. Transferwise claims to give spot rates. I am not an expert but i will think transferwise will be cheaper.

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