Are there any fees associated with buying crypto using a Revolut card?
SergDec 28, 2021 · 3 years ago3 answers
Can you tell me if there are any fees involved when purchasing cryptocurrencies using a Revolut card? I'm considering using my Revolut card to buy some crypto, but I want to make sure I understand all the costs involved before I proceed.
3 answers
- Dec 28, 2021 · 3 years agoYes, there are fees associated with buying crypto using a Revolut card. When you make a purchase, Revolut charges a markup on the exchange rate, which can range from 0.5% to 2% depending on the currency and the time of the transaction. Additionally, there may be fees for certain types of transactions, such as withdrawing crypto to an external wallet. It's important to review Revolut's fee schedule and terms of service for the most up-to-date information on fees.
- Dec 28, 2021 · 3 years agoAbsolutely! When you buy crypto with your Revolut card, there will be fees involved. Revolut charges a small markup on the exchange rate, which helps cover their costs and allows them to offer the convenience of buying crypto directly from their app. The exact fees may vary depending on the currency and market conditions, so it's always a good idea to check the current rates before making a purchase.
- Dec 28, 2021 · 3 years agoYes, there are fees associated with buying crypto using a Revolut card. However, the fees are relatively low compared to other platforms. Revolut aims to provide a seamless and convenient experience for buying crypto, and the fees they charge are used to cover the costs of processing the transactions and maintaining the platform. It's important to keep in mind that fees may vary depending on the specific transaction and the currency you're buying, so it's always a good idea to review the fee schedule on Revolut's website or app.
Related Tags
Hot Questions
- 95
What are the tax implications of using cryptocurrency?
- 68
What are the best digital currencies to invest in right now?
- 39
How can I buy Bitcoin with a credit card?
- 36
What are the advantages of using cryptocurrency for online transactions?
- 34
What are the best practices for reporting cryptocurrency on my taxes?
- 22
How does cryptocurrency affect my tax return?
- 20
What is the future of blockchain technology?
- 13
How can I minimize my tax liability when dealing with cryptocurrencies?