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What are the fees associated with buying and selling cryptocurrency on Revolut?

avatarJulián Andrés Hernández PotesDec 25, 2021 · 3 years ago3 answers

Can you provide a detailed explanation of the fees charged by Revolut for buying and selling cryptocurrency?

What are the fees associated with buying and selling cryptocurrency on Revolut?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    When it comes to buying and selling cryptocurrency on Revolut, there are a few fees to keep in mind. Firstly, Revolut charges a markup on the exchange rate for cryptocurrency transactions. This means that the rate you see on Revolut may not be the exact market rate. Additionally, Revolut applies a fee for instant cryptocurrency exchanges, which is 1.5% for Standard users and 0.25% for Premium and Metal users. It's worth noting that these fees may vary depending on the user's location and account type.
  • avatarDec 25, 2021 · 3 years ago
    Revolut's fees for buying and selling cryptocurrency are relatively straightforward. They charge a markup on the exchange rate, which is typically around 0.5% to 2.5%. In addition, there is a fee of 1.5% for instant cryptocurrency exchanges. It's important to note that these fees may vary based on factors such as the user's location and account type. Overall, Revolut's fees for cryptocurrency transactions are competitive compared to other platforms.
  • avatarDec 25, 2021 · 3 years ago
    When it comes to fees associated with buying and selling cryptocurrency on Revolut, it's important to note that Revolut itself doesn't charge any fees. However, there may be fees associated with the cryptocurrency network itself, such as network transaction fees. These fees are determined by the network and can vary depending on factors such as network congestion and transaction size. It's always a good idea to check the current network fees before making any cryptocurrency transactions.