What are the fees associated with cryptocurrency trading on Revolut?
Fox ThygesenJan 08, 2022 · 3 years ago3 answers
Can you provide a detailed explanation of the fees associated with cryptocurrency trading on Revolut?
3 answers
- Jan 08, 2022 · 3 years agoSure! When it comes to cryptocurrency trading on Revolut, there are a few fees to consider. First, there is a 1.5% markup on the exchange rate for cryptocurrency transactions. This means that when you buy or sell cryptocurrency, the rate you get will be slightly higher or lower than the market rate. Additionally, there may be fees for certain types of transactions, such as sending cryptocurrency to an external wallet. These fees can vary depending on the specific cryptocurrency and the network fees at the time. It's always a good idea to check the latest fee schedule on the Revolut app or website before making any transactions.
- Jan 08, 2022 · 3 years agoThe fees associated with cryptocurrency trading on Revolut are relatively straightforward. There is a markup on the exchange rate, which is common among many platforms. This markup helps cover the costs and risks associated with providing cryptocurrency trading services. In addition to the exchange rate markup, there may be fees for certain types of transactions, such as transferring cryptocurrency to an external wallet. These fees can vary depending on the specific cryptocurrency and the network fees at the time. It's important to review the fee schedule on Revolut's platform to understand the specific fees associated with your transactions.
- Jan 08, 2022 · 3 years agoWhen it comes to cryptocurrency trading on Revolut, there are a few fees to be aware of. First, there is a 1.5% markup on the exchange rate for cryptocurrency transactions. This means that when you buy or sell cryptocurrency, the rate you get will be slightly higher or lower than the market rate. Additionally, there may be fees for certain types of transactions, such as transferring cryptocurrency to an external wallet. These fees can vary depending on the specific cryptocurrency and the network fees at the time. It's always a good idea to check the latest fee schedule on the Revolut app or website to understand the fees associated with your transactions.
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