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Are there any ways to reduce the foreign transaction fees associated with Revolut's digital currency services?

avatarDiwakar ReddyNov 25, 2021 · 3 years ago3 answers

I am using Revolut's digital currency services and I find that the foreign transaction fees can be quite high. Are there any strategies or methods that I can use to reduce these fees?

Are there any ways to reduce the foreign transaction fees associated with Revolut's digital currency services?

3 answers

  • avatarNov 25, 2021 · 3 years ago
    One way to reduce the foreign transaction fees associated with Revolut's digital currency services is to use a local currency exchange service. By converting your digital currency to the local currency before making a transaction, you can avoid the high fees charged by Revolut. However, keep in mind that using a local currency exchange service may come with its own fees and risks.
  • avatarNov 25, 2021 · 3 years ago
    Another option to reduce the foreign transaction fees is to use a digital currency exchange that offers lower fees. There are several exchanges in the market that provide competitive rates and lower fees compared to Revolut. It's worth exploring these alternatives to find the best option for your needs.
  • avatarNov 25, 2021 · 3 years ago
    BYDFi, a digital currency exchange, offers a feature that allows users to reduce foreign transaction fees. By staking a certain amount of BYDFi tokens, users can enjoy discounted fees for their transactions. This can be a cost-effective solution for frequent travelers or individuals who frequently make international transactions.