What are the costs associated with using Revolut for cryptocurrency transactions?
Alfan Ismail AlfanDec 18, 2021 · 3 years ago3 answers
Can you explain the costs involved in using Revolut for cryptocurrency transactions? I'm interested in knowing if there are any fees, exchange rates, or hidden charges that I should be aware of.
3 answers
- Dec 18, 2021 · 3 years agoWhen it comes to using Revolut for cryptocurrency transactions, there are a few costs to consider. First, Revolut charges a 1.5% fee for any cryptocurrency transactions made during the weekend. This fee is in addition to any exchange rate fees that may apply. Additionally, Revolut applies a markup on the exchange rate for cryptocurrency transactions, which can vary depending on market conditions. It's important to keep in mind that these costs can add up, especially if you're making frequent or large transactions. So, it's always a good idea to compare the costs with other platforms before making a decision.
- Dec 18, 2021 · 3 years agoUsing Revolut for cryptocurrency transactions can be convenient, but it's important to be aware of the costs involved. Revolut charges a 1.5% fee for cryptocurrency transactions made during weekends, which can be higher compared to other platforms. In addition, there may be exchange rate fees and markups applied to the transactions. It's recommended to check the current fees and rates on Revolut's website or app before making any transactions to avoid any surprises. Keep in mind that these costs can fluctuate based on market conditions, so it's always a good idea to stay updated.
- Dec 18, 2021 · 3 years agoWhen it comes to using Revolut for cryptocurrency transactions, it's important to understand the costs involved. Revolut charges a 1.5% fee for cryptocurrency transactions made during weekends, which can be higher compared to other platforms. Additionally, there may be exchange rate fees and markups applied to the transactions. It's worth noting that these costs can vary depending on market conditions and the specific cryptocurrency being traded. If you're considering using Revolut for cryptocurrency transactions, it's a good idea to compare the costs with other platforms to ensure you're getting the best deal.
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