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What are the fees associated with using Revolut for cryptocurrency transactions?

avatarLaxman KumarDec 18, 2021 · 3 years ago3 answers

Can you provide a detailed description of the fees associated with using Revolut for cryptocurrency transactions? I would like to know the costs involved before deciding to use Revolut for my cryptocurrency transactions.

What are the fees associated with using Revolut for cryptocurrency transactions?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    When using Revolut for cryptocurrency transactions, there are several fees to consider. Firstly, there is a 1.5% fee for exchanging fiat currency to cryptocurrency. Additionally, there is a 0.5% fee for exchanging one cryptocurrency to another within the Revolut app. Lastly, there may be network fees associated with transferring cryptocurrency to external wallets. It's important to note that these fees are subject to change and it's always a good idea to check the latest fee schedule on the Revolut website or app before making any transactions.
  • avatarDec 18, 2021 · 3 years ago
    Revolut charges a 1.5% fee for converting fiat currency to cryptocurrency. This fee is automatically applied when you make a cryptocurrency purchase or exchange within the app. It's worth noting that this fee is higher than some other cryptocurrency exchanges, so it's important to compare fees before deciding to use Revolut for your cryptocurrency transactions.
  • avatarDec 18, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I can tell you that Revolut charges a 1.5% fee for converting fiat currency to cryptocurrency. This fee is relatively high compared to other exchanges, so if you're looking for lower fees, you may want to consider using a different platform. However, if you value the convenience and ease of use that Revolut offers, the slightly higher fee may be worth it for you.