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Are there any hidden fees associated with using Revolut for cryptocurrencies?

avatarHuggy DugyDec 18, 2021 · 3 years ago3 answers

I'm considering using Revolut for my cryptocurrency transactions, but I'm concerned about hidden fees. Are there any additional charges or fees that I should be aware of when using Revolut for cryptocurrencies?

Are there any hidden fees associated with using Revolut for cryptocurrencies?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    When it comes to using Revolut for cryptocurrencies, it's important to understand the fee structure. While Revolut itself does not charge any fees for cryptocurrency transactions, there are some factors to consider. First, Revolut uses its own exchange rate for cryptocurrency transactions, which may differ from the market rate. This means that you may not get the exact same value for your cryptocurrencies when converting them through Revolut. Additionally, there may be fees associated with depositing or withdrawing cryptocurrencies from your Revolut account, depending on the specific cryptocurrency and transaction type. It's always a good idea to review the terms and conditions or contact Revolut directly to get a clear understanding of any potential fees.
  • avatarDec 18, 2021 · 3 years ago
    No worries! Revolut does not charge any hidden fees for cryptocurrency transactions. However, it's important to note that Revolut uses its own exchange rate for converting cryptocurrencies, which may not be the same as the market rate. This means that you may not get the exact value you see on other exchanges. Additionally, there may be fees associated with depositing or withdrawing cryptocurrencies from your Revolut account, depending on the specific cryptocurrency and transaction type. It's always a good idea to review the terms and conditions or contact Revolut directly for more information on fees.
  • avatarDec 18, 2021 · 3 years ago
    When it comes to using Revolut for cryptocurrencies, it's important to be aware of the potential fees involved. While Revolut itself does not charge any fees for cryptocurrency transactions, there may be fees associated with depositing or withdrawing cryptocurrencies from your Revolut account. These fees can vary depending on the specific cryptocurrency and transaction type. It's always a good idea to review the terms and conditions or contact Revolut directly to get a clear understanding of any potential fees. Alternatively, you can also consider using other cryptocurrency exchanges that may have different fee structures.