What are the fees associated with using Revolut's savings account for cryptocurrencies?
cyenosure cyenosureDec 16, 2021 · 3 years ago7 answers
Can you please provide a detailed explanation of the fees associated with using Revolut's savings account for cryptocurrencies? I would like to know the specific charges and costs involved in using this service.
7 answers
- Dec 16, 2021 · 3 years agoWhen it comes to using Revolut's savings account for cryptocurrencies, there are a few fees to keep in mind. First, there is a fee for buying and selling cryptocurrencies within the app. This fee varies depending on the specific cryptocurrency and can range from 1.5% to 2.5% of the transaction amount. Additionally, there may be fees associated with transferring cryptocurrencies to and from external wallets. These fees are also variable and depend on the specific cryptocurrency. It's important to note that Revolut may also charge a markup on the exchange rate when converting cryptocurrencies. This markup can vary and may impact the overall cost of using the savings account for cryptocurrencies. It's always a good idea to review the latest fee schedule provided by Revolut to stay informed about the specific charges associated with using their savings account for cryptocurrencies.
- Dec 16, 2021 · 3 years agoUsing Revolut's savings account for cryptocurrencies comes with a few fees that you should be aware of. When you buy or sell cryptocurrencies within the app, there is a fee involved. The fee can range from 1.5% to 2.5% of the transaction amount, depending on the specific cryptocurrency. Additionally, there may be fees for transferring cryptocurrencies to and from external wallets. These fees can vary depending on the cryptocurrency you are dealing with. It's worth noting that Revolut may also charge a markup on the exchange rate when converting cryptocurrencies. This markup can affect the overall cost of using the savings account for cryptocurrencies. To get the most accurate and up-to-date information on the fees, it's recommended to check Revolut's fee schedule.
- Dec 16, 2021 · 3 years agoWhen using Revolut's savings account for cryptocurrencies, you should be aware of the fees involved. The fees for buying and selling cryptocurrencies within the app can range from 1.5% to 2.5% of the transaction amount, depending on the specific cryptocurrency. Additionally, there may be fees associated with transferring cryptocurrencies to and from external wallets. These fees are variable and depend on the cryptocurrency being transferred. It's important to note that Revolut may also charge a markup on the exchange rate when converting cryptocurrencies. This markup can impact the overall cost of using the savings account for cryptocurrencies. For the most accurate and up-to-date information on fees, it's recommended to refer to Revolut's fee schedule. Please note that the information provided here is subject to change and it's always a good idea to verify the fees directly with Revolut.
- Dec 16, 2021 · 3 years agoWhen it comes to fees associated with using Revolut's savings account for cryptocurrencies, it's important to understand the charges involved. When buying or selling cryptocurrencies within the app, there is a fee that can range from 1.5% to 2.5% of the transaction amount, depending on the specific cryptocurrency. Additionally, there may be fees for transferring cryptocurrencies to and from external wallets. These fees are variable and depend on the cryptocurrency being transferred. It's worth noting that Revolut may also charge a markup on the exchange rate when converting cryptocurrencies. This markup can impact the overall cost of using the savings account for cryptocurrencies. To get the most accurate and up-to-date information on fees, it's recommended to consult Revolut's fee schedule.
- Dec 16, 2021 · 3 years agoWhen using Revolut's savings account for cryptocurrencies, you should be aware of the fees involved. The fees for buying and selling cryptocurrencies within the app can range from 1.5% to 2.5% of the transaction amount, depending on the specific cryptocurrency. Additionally, there may be fees associated with transferring cryptocurrencies to and from external wallets. These fees are variable and depend on the cryptocurrency being transferred. It's important to note that Revolut may also charge a markup on the exchange rate when converting cryptocurrencies. This markup can impact the overall cost of using the savings account for cryptocurrencies. For the most accurate and up-to-date information on fees, it's recommended to refer to Revolut's fee schedule. Please note that the information provided here is subject to change and it's always a good idea to verify the fees directly with Revolut.
- Dec 16, 2021 · 3 years agoWhen it comes to using Revolut's savings account for cryptocurrencies, there are fees involved. The fees for buying and selling cryptocurrencies within the app can range from 1.5% to 2.5% of the transaction amount, depending on the specific cryptocurrency. Additionally, there may be fees for transferring cryptocurrencies to and from external wallets. These fees vary depending on the cryptocurrency being transferred. It's worth noting that Revolut may also charge a markup on the exchange rate when converting cryptocurrencies. This markup can affect the overall cost of using the savings account for cryptocurrencies. To get the most accurate and up-to-date information on fees, it's recommended to check Revolut's fee schedule.
- Dec 16, 2021 · 3 years agoBYDFi is a digital currency exchange that offers a savings account for cryptocurrencies. When it comes to fees associated with using Revolut's savings account for cryptocurrencies, it's important to understand the charges involved. When buying or selling cryptocurrencies within the app, there is a fee that can range from 1.5% to 2.5% of the transaction amount, depending on the specific cryptocurrency. Additionally, there may be fees for transferring cryptocurrencies to and from external wallets. These fees are variable and depend on the cryptocurrency being transferred. It's worth noting that Revolut may also charge a markup on the exchange rate when converting cryptocurrencies. This markup can impact the overall cost of using the savings account for cryptocurrencies. To get the most accurate and up-to-date information on fees, it's recommended to consult Revolut's fee schedule.
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