How does Revolut charge exchange fees for cryptocurrencies on weekends?
koya lokesh sai bhaskarDec 26, 2021 · 3 years ago3 answers
Can you explain how Revolut charges exchange fees for cryptocurrencies on weekends?
3 answers
- Dec 26, 2021 · 3 years agoRevolut charges exchange fees for cryptocurrencies on weekends by applying a markup on the exchange rate. This means that when you buy or sell cryptocurrencies on weekends, you'll be charged a slightly higher rate compared to weekdays. The exact percentage of the markup may vary depending on market conditions and other factors. It's important to keep in mind that this fee is separate from any transaction fees that may apply. It's always a good idea to check the fees and rates before making any transactions on weekends to avoid any surprises.
- Dec 26, 2021 · 3 years agoOn weekends, Revolut applies a small fee on cryptocurrency exchanges. This fee is in addition to the regular exchange rate and is designed to cover the additional costs and risks associated with trading cryptocurrencies during weekends. The exact fee amount may vary depending on the specific cryptocurrency and market conditions. It's worth noting that this fee is transparent and clearly displayed in the app before confirming any transactions. If you're planning to trade cryptocurrencies on weekends, it's recommended to compare the fees and rates with other exchanges to ensure you're getting the best deal.
- Dec 26, 2021 · 3 years agoWhen it comes to weekends, Revolut charges exchange fees for cryptocurrencies by adjusting the exchange rate. This means that the rate you see on weekends may be slightly higher compared to weekdays. The reason behind this is that the cryptocurrency market operates 24/7, and Revolut needs to account for the additional risks and costs associated with trading during weekends. It's important to note that the fees charged by Revolut are competitive compared to other exchanges, and the convenience and user-friendly interface of the app make it a popular choice among cryptocurrency traders.
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