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Are there any fees associated with buying cryptocurrencies through a Revolut account?

avatarOCowDec 29, 2021 · 3 years ago3 answers

I'm considering buying cryptocurrencies through a Revolut account, but I'm concerned about potential fees. Are there any fees associated with buying cryptocurrencies through a Revolut account? Can you provide some details on the fees that may be involved?

Are there any fees associated with buying cryptocurrencies through a Revolut account?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Yes, there are fees associated with buying cryptocurrencies through a Revolut account. When you buy cryptocurrencies on Revolut, you may be charged a markup fee. This fee is included in the exchange rate and can vary depending on market conditions. It's important to note that Revolut provides real-time exchange rates, so you'll always know the rate you're getting. Additionally, Revolut may also charge a small transaction fee for buying cryptocurrencies. The exact fee amount can be found in the app's fee schedule.
  • avatarDec 29, 2021 · 3 years ago
    Absolutely! Revolut does charge fees for buying cryptocurrencies through their platform. The fees are typically included in the exchange rate, so you may not see a separate fee listed. However, it's important to be aware that the exchange rate may include a markup, which means you may not be getting the exact market rate. It's always a good idea to compare the exchange rates and fees with other platforms before making a purchase.
  • avatarDec 29, 2021 · 3 years ago
    Yes, there are fees associated with buying cryptocurrencies through a Revolut account. Revolut aims to provide competitive rates, but they do charge a markup fee on the exchange rate. This fee is included in the rate you see when buying cryptocurrencies. It's worth noting that the markup fee can vary depending on market conditions. If you're looking for a fee-free option, you may want to consider using a dedicated cryptocurrency exchange like BYDFi, which offers competitive rates without any additional fees.