What are the fees associated with cryptocurrency trading on Revolut?

Can you provide a detailed explanation of the fees associated with cryptocurrency trading on Revolut?

3 answers
- Sure! When it comes to cryptocurrency trading on Revolut, there are a few fees to consider. First, 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 slightly higher or lower than the market rate. Additionally, there may be fees for certain types of transactions, such as sending cryptocurrency to an external wallet. These fees can vary depending on the specific cryptocurrency and the network fees at the time. It's always a good idea to check the latest fee schedule on the Revolut app or website before making any transactions.
Mar 07, 2022 · 3 years ago
- The fees associated with cryptocurrency trading on Revolut are relatively straightforward. There is a markup on the exchange rate, which is common among many platforms. This markup helps cover the costs and risks associated with providing cryptocurrency trading services. In addition to the exchange rate markup, there may be fees for certain types of transactions, such as transferring cryptocurrency to an external wallet. These fees can vary depending on the specific cryptocurrency and the network fees at the time. It's important to review the fee schedule on Revolut's platform to understand the specific fees associated with your transactions.
Mar 07, 2022 · 3 years ago
- When it comes to cryptocurrency trading on Revolut, there are a few fees to be aware of. First, 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 slightly higher or lower than the market rate. Additionally, there may be fees for certain types of transactions, such as transferring cryptocurrency to an external wallet. These fees can vary depending on the specific cryptocurrency and the network fees at the time. It's always a good idea to check the latest fee schedule on the Revolut app or website to understand the fees associated with your transactions.
Mar 07, 2022 · 3 years ago
Related Tags
Hot Questions
- 86
What are the best practices for reporting cryptocurrency on my taxes?
- 85
How can I buy Bitcoin with a credit card?
- 70
What are the tax implications of using cryptocurrency?
- 62
What is the future of blockchain technology?
- 57
What are the advantages of using cryptocurrency for online transactions?
- 51
How can I protect my digital assets from hackers?
- 37
How does cryptocurrency affect my tax return?
- 28
How can I minimize my tax liability when dealing with cryptocurrencies?