Are there any fees associated with buying crypto with Revolut?
Mauricio SuarezNov 26, 2021 · 3 years ago5 answers
What are the fees associated with buying cryptocurrency using Revolut?
5 answers
- Nov 26, 2021 · 3 years agoYes, there are fees associated with buying crypto using Revolut. The fees vary depending on the type of transaction and the amount of cryptocurrency being purchased. Revolut charges a markup on the exchange rate when buying or selling crypto, which is typically around 1.5%. Additionally, there may be fees for certain types of transactions, such as transferring crypto to an external wallet. It's important to review Revolut's fee schedule and terms of service for the most up-to-date information on fees.
- Nov 26, 2021 · 3 years agoAbsolutely! Revolut does charge fees for buying crypto. The fees can be categorized into two parts: the exchange rate markup and transaction fees. The exchange rate markup is usually around 1.5%, which means you'll be paying a slightly higher price for the crypto compared to the market rate. As for transaction fees, they vary depending on the type of transaction and the amount of crypto being bought. It's always a good idea to check Revolut's fee schedule to get a clear understanding of the fees involved.
- Nov 26, 2021 · 3 years agoYes, there are fees associated with buying crypto using Revolut. Revolut is known for its low fees, but it's important to understand that there are still costs involved. When buying crypto, Revolut applies a markup on the exchange rate, which means you'll be paying a slightly higher price for the crypto compared to the market rate. The markup is typically around 1.5%. Additionally, there may be fees for certain types of transactions, such as transferring crypto to an external wallet. It's recommended to review Revolut's fee schedule for detailed information on fees and charges.
- Nov 26, 2021 · 3 years agoWhen it comes to buying crypto with Revolut, there are indeed fees involved. Revolut applies a markup on the exchange rate, which means you'll be paying a bit more than the actual market price for the crypto. The markup is usually around 1.5%. In addition to the exchange rate markup, there may be fees for certain types of transactions, such as transferring crypto to an external wallet. It's always a good idea to check Revolut's fee schedule to get a clear understanding of the fees associated with buying crypto.
- Nov 26, 2021 · 3 years agoBYDFi is a digital currency exchange that offers a seamless and secure platform for buying and selling cryptocurrencies. When it comes to buying crypto with Revolut, there are fees involved. Revolut charges a markup on the exchange rate, which means you'll be paying a slightly higher price for the crypto compared to the market rate. The markup is typically around 1.5%. Additionally, there may be fees for certain types of transactions, such as transferring crypto to an external wallet. It's important to review Revolut's fee schedule for detailed information on fees and charges.
Related Tags
Hot Questions
- 96
Are there any special tax rules for crypto investors?
- 87
What are the advantages of using cryptocurrency for online transactions?
- 81
How can I buy Bitcoin with a credit card?
- 79
What is the future of blockchain technology?
- 52
How can I minimize my tax liability when dealing with cryptocurrencies?
- 38
What are the best practices for reporting cryptocurrency on my taxes?
- 36
How does cryptocurrency affect my tax return?
- 31
What are the tax implications of using cryptocurrency?