What are the fees associated with using Revolut for buying and selling cryptocurrencies in different currencies?

3 answers

• Dec 18, 2021 · 3 years ago
  When using Revolut for buying and selling cryptocurrencies in different currencies, there are several fees to consider. Firstly, Revolut charges a 1.5% fee for each cryptocurrency transaction. This fee is applied to both buying and selling. Additionally, there may be a spread fee, which is the difference between the buy and sell price of the cryptocurrency. The spread fee varies depending on market conditions and can range from a few basis points to a few percent. It's important to note that the spread fee is not explicitly stated by Revolut and may be included in the overall transaction fee. Lastly, Revolut may also charge a currency exchange fee if you are buying or selling cryptocurrencies in a different currency than your account's base currency. This fee can range from 0.5% to 2% depending on the currency pair. Overall, it's essential to consider these fees when using Revolut for cryptocurrency transactions to ensure you are aware of the costs involved.
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• Dec 18, 2021 · 3 years ago
  Using Revolut for buying and selling cryptocurrencies in different currencies comes with its fair share of fees. Firstly, there is a 1.5% fee on each cryptocurrency transaction, regardless of whether you are buying or selling. This fee is automatically deducted from the transaction amount. Additionally, there may be a spread fee, which is the difference between the buy and sell price of the cryptocurrency. The spread fee can vary depending on market conditions and can impact the overall cost of your transaction. It's worth noting that the spread fee is not explicitly disclosed by Revolut, so it's important to keep an eye on the buy and sell prices to understand the potential impact on your transaction. Lastly, if you are buying or selling cryptocurrencies in a different currency than your account's base currency, Revolut may charge a currency exchange fee. This fee can range from 0.5% to 2% depending on the currency pair. It's advisable to review these fees before engaging in cryptocurrency transactions on Revolut to ensure you have a clear understanding of the costs involved.
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• Dec 18, 2021 · 3 years ago
  When it comes to using Revolut for buying and selling cryptocurrencies in different currencies, there are a few fees to keep in mind. Firstly, Revolut charges a 1.5% fee on each cryptocurrency transaction, regardless of whether you are buying or selling. This fee is automatically deducted from the transaction amount. Additionally, there may be a spread fee, which is the difference between the buy and sell price of the cryptocurrency. The spread fee can vary depending on market conditions and can impact the overall cost of your transaction. It's important to note that the spread fee is not explicitly disclosed by Revolut, so it's worth monitoring the buy and sell prices to understand the potential impact on your transaction. Lastly, if you are buying or selling cryptocurrencies in a different currency than your account's base currency, Revolut may charge a currency exchange fee. This fee can range from 0.5% to 2% depending on the currency pair. It's advisable to review these fees before engaging in cryptocurrency transactions on Revolut to ensure you have a clear understanding of the costs involved. Please note that the information provided is based on general knowledge and may be subject to change. For the most accurate and up-to-date information, it's recommended to refer to Revolut's official documentation or contact their customer support.
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