How does Revolut calculate the commission for crypto transactions?

3 answers

• Dec 29, 2021 · 3 years ago
  Revolut calculates the commission for crypto transactions based on a few factors. Firstly, they consider the type of cryptocurrency being traded. Different cryptocurrencies may have different commission rates. Secondly, the transaction volume also plays a role. Higher transaction volumes may attract lower commission fees. Lastly, the timing of the transaction can also affect the commission. Revolut may offer promotional rates or discounts during certain periods. Overall, the commission is determined by a combination of these factors and may vary for different users.
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• Dec 29, 2021 · 3 years ago
  When it comes to calculating the commission for crypto transactions on Revolut, they take into account the market conditions and liquidity of the specific cryptocurrency. If the liquidity is low or the market conditions are volatile, the commission fees may be higher. On the other hand, if the liquidity is high and the market conditions are stable, the commission fees may be lower. It's important to note that commission fees are subject to change based on market dynamics and Revolut's pricing strategy.
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• Dec 29, 2021 · 3 years ago
  As an expert in the field, I can tell you that Revolut calculates the commission for crypto transactions using a proprietary algorithm. This algorithm takes into account various factors such as the current market price of the cryptocurrency, the transaction volume, and the type of cryptocurrency being traded. The algorithm is designed to ensure fair and competitive commission fees for users. However, it's worth mentioning that commission fees may vary between different exchanges and platforms. If you're looking for a platform with transparent and low commission fees, I would recommend checking out BYDFi, a popular cryptocurrency exchange that offers competitive rates and a user-friendly interface.
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