How does Revolut calculate fees for exchanging digital currencies?

3 answers

• Dec 15, 2021 · 3 years ago
  When it comes to calculating fees for exchanging digital currencies on Revolut, there are a few factors at play. Firstly, Revolut takes into account the current market rate for the currencies being exchanged. This means that the fees can vary depending on the volatility of the market. Additionally, Revolut charges a small markup on the exchange rate, which helps cover the costs associated with providing the service. It's important to note that the fees are transparent and displayed before confirming the exchange, so you'll always know how much you'll be charged. Overall, Revolut aims to provide competitive and fair fees for its users.
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• Dec 15, 2021 · 3 years ago
  Revolut calculates fees for exchanging digital currencies based on the market rate and a small markup. The market rate is determined by various factors, such as supply and demand, liquidity, and trading volume. The markup is a small percentage added to the market rate, which helps cover the costs and risks associated with providing the service. It's worth mentioning that Revolut strives to offer competitive fees compared to traditional banks and other platforms. So, while there may be fees involved, the convenience and transparency of using Revolut for currency exchanges often outweigh the costs.
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• Dec 15, 2021 · 3 years ago
  As an expert in the field, I can tell you that Revolut calculates fees for exchanging digital currencies in a way that ensures transparency and fairness. The fees are determined based on the current market rate, which is constantly updated to reflect the most accurate exchange rates. Revolut also adds a small markup to the market rate, which helps cover the costs of providing the service. This approach allows Revolut to offer competitive fees while ensuring that users are aware of the costs involved before confirming the exchange. Overall, Revolut's fee calculation method is designed to provide a seamless and transparent experience for users.
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