What is the cost of using a Revolut card for cryptocurrency transactions?
Thompson WhiteheadDec 16, 2021 · 3 years ago3 answers
Can you provide a detailed explanation of the costs associated with using a Revolut card for cryptocurrency transactions? How does it compare to other exchanges or platforms?
3 answers
- Dec 16, 2021 · 3 years agoUsing a Revolut card for cryptocurrency transactions incurs certain costs. While Revolut allows you to buy, sell, and hold cryptocurrencies, they charge a markup on the exchange rate for cryptocurrency transactions. This means that the price you pay for cryptocurrencies on Revolut may be slightly higher than the market price. Additionally, Revolut charges a 1.5% fee for cryptocurrency transactions outside of their free tier. It's important to compare these costs with other exchanges or platforms to determine the most cost-effective option for your cryptocurrency transactions.
- Dec 16, 2021 · 3 years agoWhen using a Revolut card for cryptocurrency transactions, you should be aware of the associated costs. Revolut applies a markup on the exchange rate, which means you may end up paying a bit more for your cryptocurrencies compared to other platforms. Moreover, there is a 1.5% fee for cryptocurrency transactions outside of Revolut's free tier. It's worth considering these costs and comparing them with other exchanges or platforms to ensure you're getting the best deal for your cryptocurrency transactions.
- Dec 16, 2021 · 3 years agoWhen it comes to the cost of using a Revolut card for cryptocurrency transactions, it's important to understand the fees involved. Revolut charges a markup on the exchange rate for cryptocurrency transactions, which means you may pay slightly more than the market price. Additionally, there is a 1.5% fee for cryptocurrency transactions outside of Revolut's free tier. If you're considering using Revolut for your cryptocurrency transactions, it's advisable to compare these costs with other exchanges or platforms to ensure you're making an informed decision.
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