What are the fees associated with using the Revolut Gold Card for trading cryptocurrencies?
NWLDec 18, 2021 · 3 years ago1 answers
Can you please provide a detailed description of the fees associated with using the Revolut Gold Card for trading cryptocurrencies? I would like to know the specific charges and costs involved in using this card for cryptocurrency trading.
1 answers
- Dec 18, 2021 · 3 years agoAs a user of the Revolut Gold Card for trading cryptocurrencies, you will encounter a few fees. The transaction fee for each cryptocurrency trade is 1.5%. This fee is charged on the total value of the transaction, so the more you trade, the higher the fee. Additionally, there may be a spread fee, which is the difference between the buying and selling prices of the cryptocurrency. This fee can vary depending on market conditions and liquidity. Lastly, if you choose to withdraw your cryptocurrency to an external wallet, there may be a network fee associated with the transaction. These fees are important to consider when using the Revolut Gold Card for cryptocurrency trading, as they can impact your overall profitability.
Related Tags
Hot Questions
- 97
What is the future of blockchain technology?
- 95
Are there any special tax rules for crypto investors?
- 94
How can I minimize my tax liability when dealing with cryptocurrencies?
- 87
What are the best practices for reporting cryptocurrency on my taxes?
- 72
How does cryptocurrency affect my tax return?
- 35
How can I buy Bitcoin with a credit card?
- 25
What are the advantages of using cryptocurrency for online transactions?
- 25
How can I protect my digital assets from hackers?