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What are the fees associated with using Revolut's basic plan for cryptocurrency transactions?

avatarMichael ChengDec 29, 2021 · 3 years ago5 answers

Can you provide a detailed explanation of the fees associated with using Revolut's basic plan for cryptocurrency transactions? I would like to know the costs involved before deciding to use this plan.

What are the fees associated with using Revolut's basic plan for cryptocurrency transactions?

5 answers

  • avatarDec 29, 2021 · 3 years ago
    Sure! When using Revolut's basic plan for cryptocurrency transactions, there are a few fees to keep in mind. Firstly, 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 1.5% higher or lower than the market rate. Additionally, there may be fees for transferring cryptocurrency to external wallets or other exchanges. These fees can vary depending on the cryptocurrency and the network congestion. It's important to check the current fee structure on Revolut's website or app before making any transactions.
  • avatarDec 29, 2021 · 3 years ago
    The fees associated with using Revolut's basic plan for cryptocurrency transactions are relatively straightforward. When you buy or sell cryptocurrency, there is a 1.5% markup on the exchange rate. This means that you'll be buying or selling cryptocurrency at a slightly higher or lower rate than the market rate. In addition, there may be fees for transferring cryptocurrency to external wallets or other exchanges. These fees can vary depending on the cryptocurrency and the network congestion. It's always a good idea to check the current fee structure on Revolut's website or app before making any transactions.
  • avatarDec 29, 2021 · 3 years ago
    As an expert in the field, I can tell you that Revolut's basic plan for cryptocurrency transactions does come with some fees. When you buy or sell cryptocurrency, there is a 1.5% markup on the exchange rate. This means that you'll be paying a little extra compared to the market rate. Additionally, there may be fees for transferring cryptocurrency to external wallets or other exchanges. These fees can vary depending on the cryptocurrency and the network congestion. It's important to keep these fees in mind when using Revolut's basic plan for cryptocurrency transactions.
  • avatarDec 29, 2021 · 3 years ago
    When it comes to using Revolut's basic plan for cryptocurrency transactions, there are a few fees to consider. Firstly, there is a 1.5% markup on the exchange rate for cryptocurrency transactions. This means that you'll be buying or selling cryptocurrency at a slightly higher or lower rate than the market rate. Additionally, there may be fees for transferring cryptocurrency to external wallets or other exchanges. These fees can vary depending on the cryptocurrency and the network congestion. It's always a good idea to check the current fee structure on Revolut's website or app before making any transactions.
  • avatarDec 29, 2021 · 3 years ago
    As a user of Revolut's basic plan for cryptocurrency transactions, I can tell you that there are some fees involved. When you buy or sell cryptocurrency, there is a 1.5% markup on the exchange rate. This means that you'll be paying a little extra compared to the market rate. Additionally, there may be fees for transferring cryptocurrency to external wallets or other exchanges. These fees can vary depending on the cryptocurrency and the network congestion. It's important to be aware of these fees before using Revolut's basic plan for cryptocurrency transactions.