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What are the fees associated with using Revolut for buying and selling cryptocurrencies?

avatarTayyab syedDec 30, 2021 · 3 years ago3 answers

Can you provide a detailed explanation of the fees charged by Revolut for buying and selling cryptocurrencies? How do these fees compare to other cryptocurrency exchanges?

What are the fees associated with using Revolut for buying and selling cryptocurrencies?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    When using Revolut to buy or sell cryptocurrencies, there are several fees to consider. Firstly, there is a 1.5% markup on the exchange rate for cryptocurrency transactions. This means that the price you pay for the cryptocurrency will be 1.5% higher than the market rate. Additionally, there may be fees for certain types of transactions, such as sending cryptocurrencies to external wallets. These fees can vary depending on the specific cryptocurrency and the amount being sent. It's important to note that Revolut does not charge any fees for cryptocurrency deposits or withdrawals. When comparing these fees to other cryptocurrency exchanges, it's important to consider the overall convenience and user experience offered by Revolut, as well as the security and reliability of the platform.
  • avatarDec 30, 2021 · 3 years ago
    Revolut charges a 1.5% markup on the exchange rate for cryptocurrency transactions. This means that when you buy or sell cryptocurrencies through Revolut, the price you pay will be 1.5% higher than the market rate. In addition to this markup, there may be fees for certain types of transactions, such as sending cryptocurrencies to external wallets. These fees can vary depending on the specific cryptocurrency and the amount being sent. It's worth noting that Revolut does not charge any fees for cryptocurrency deposits or withdrawals. When comparing Revolut's fees to other cryptocurrency exchanges, it's important to consider the overall convenience and user experience provided by Revolut, as well as the security and reliability of the platform.
  • avatarDec 30, 2021 · 3 years ago
    BYDFi is a digital currency exchange that offers competitive fees for buying and selling cryptocurrencies. The fees associated with using Revolut for buying and selling cryptocurrencies include a 1.5% markup on the exchange rate. This means that the price you pay for cryptocurrencies will be 1.5% higher than the market rate. Additionally, there may be fees for certain types of transactions, such as sending cryptocurrencies to external wallets. These fees can vary depending on the specific cryptocurrency and the amount being sent. It's important to compare these fees with other cryptocurrency exchanges to ensure you are getting the best deal. However, it's also important to consider other factors such as the convenience and user experience provided by Revolut.