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How does Revolut calculate fees for buying and selling cryptocurrencies?

avatarGayathri ReethuDec 16, 2021 · 3 years ago3 answers

Can you explain how Revolut calculates fees for buying and selling cryptocurrencies? I'm interested in understanding the factors that determine the fees and how they are calculated.

How does Revolut calculate fees for buying and selling cryptocurrencies?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Revolut calculates fees for buying and selling cryptocurrencies based on a percentage of the transaction amount. The fee percentage varies depending on the specific cryptocurrency and market conditions. Additionally, Revolut may also charge a fixed fee for certain transactions. It's important to note that fees can change over time, so it's always a good idea to check the latest fee structure on Revolut's website or app before making any transactions.
  • avatarDec 16, 2021 · 3 years ago
    When it comes to calculating fees for buying and selling cryptocurrencies on Revolut, it's all about the percentage. The fee percentage is determined by factors such as the specific cryptocurrency, market conditions, and transaction volume. So, the more you trade and the higher the value of the transaction, the higher the fee percentage. However, Revolut also offers fee-free trading for certain cryptocurrencies, so it's worth checking if the cryptocurrency you're interested in falls into that category.
  • avatarDec 16, 2021 · 3 years ago
    At BYDFi, we calculate fees for buying and selling cryptocurrencies differently. We have a tiered fee structure that is based on the trading volume of our users. The more you trade, the lower the fees you pay. This incentivizes active trading and rewards our loyal users. Our fee structure is transparent and can be found on our website. We strive to provide competitive fees while maintaining a high level of service and security for our users.