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Are there any fees associated with using Revolut accounts for buying and selling cryptocurrencies?

avatarfaiz-gearDec 15, 2021 · 3 years ago7 answers

Can you tell me if there are any fees that I need to pay when using Revolut accounts for buying and selling cryptocurrencies? I'm interested in knowing if there are any hidden charges or additional costs that I should be aware of.

Are there any fees associated with using Revolut accounts for buying and selling cryptocurrencies?

7 answers

  • avatarDec 15, 2021 · 3 years ago
    Yes, there are fees associated with using Revolut accounts for buying and selling cryptocurrencies. When you buy or sell cryptocurrencies through Revolut, you may be subject to fees such as a markup on the exchange rate or a commission fee. These fees can vary depending on the specific cryptocurrency and the amount of your transaction. It's important to review the fee schedule provided by Revolut to understand the exact charges that may apply to your transactions.
  • avatarDec 15, 2021 · 3 years ago
    Absolutely! Revolut does charge fees for using their accounts to buy and sell cryptocurrencies. The fees can include a markup on the exchange rate, a commission fee, or both. It's always a good idea to check the fee schedule on Revolut's website or app to get a clear understanding of the fees associated with your cryptocurrency transactions.
  • avatarDec 15, 2021 · 3 years ago
    Yes, there are fees when using Revolut accounts for buying and selling cryptocurrencies. Revolut charges a markup on the exchange rate, which means that you may not get the exact market rate when you buy or sell cryptocurrencies. Additionally, there may be a commission fee applied to your transactions. It's important to note that these fees can vary depending on the specific cryptocurrency and the amount of your transaction. If you're looking for a fee-free option, you may want to consider using a dedicated cryptocurrency exchange like BYDFi, which offers competitive rates and transparent fee structures.
  • avatarDec 15, 2021 · 3 years ago
    When it comes to using Revolut accounts for buying and selling cryptocurrencies, there are indeed fees involved. Revolut applies a markup on the exchange rate, which means that you may not get the exact market rate for your transactions. Additionally, there may be a commission fee applied to your cryptocurrency trades. It's always a good idea to review the fee schedule provided by Revolut to understand the specific charges that may apply to your transactions.
  • avatarDec 15, 2021 · 3 years ago
    Yes, there are fees associated with using Revolut accounts for buying and selling cryptocurrencies. Revolut charges a markup on the exchange rate, which means that the rate you get may not be the same as the market rate. Additionally, there may be a commission fee applied to your transactions. It's important to be aware of these fees and factor them into your decision-making process when using Revolut for cryptocurrency transactions.
  • avatarDec 15, 2021 · 3 years ago
    While Revolut accounts are convenient for buying and selling cryptocurrencies, it's important to note that there are fees involved. Revolut applies a markup on the exchange rate, which means that you may not get the exact market rate for your transactions. Additionally, there may be a commission fee applied to your cryptocurrency trades. It's always a good idea to review the fee schedule provided by Revolut to understand the specific charges that may apply to your transactions.
  • avatarDec 15, 2021 · 3 years ago
    Revolut accounts do come with fees for buying and selling cryptocurrencies. These fees can include a markup on the exchange rate and a commission fee. It's important to review the fee schedule provided by Revolut to understand the exact charges that may apply to your transactions. If you're looking for alternative options, there are other cryptocurrency exchanges available that may offer more competitive fee structures.