How does Revolut calculate crypto trading fees?
Jeevan . VDec 27, 2021 · 3 years ago3 answers
Can you explain how Revolut calculates the fees for trading cryptocurrencies?
3 answers
- Dec 27, 2021 · 3 years agoRevolut calculates crypto trading fees based on the volume of the trade. The fee structure is tiered, meaning that the more you trade, the lower the fee percentage. This encourages users to trade more frequently and in larger volumes. The exact fee percentage varies depending on the specific cryptocurrency being traded. It's important to note that Revolut also charges a spread, which is the difference between the buying and selling price of the cryptocurrency. This spread is how Revolut makes money from crypto trading. Overall, Revolut aims to provide competitive fees while ensuring a smooth and user-friendly trading experience.
- Dec 27, 2021 · 3 years agoWhen it comes to calculating crypto trading fees, Revolut takes into account the market conditions and liquidity of the specific cryptocurrency being traded. This means that the fees can vary depending on the current market situation. Revolut also factors in the size of the trade and the trading volume of the user. The more you trade, the lower the fees. Additionally, Revolut charges a spread, which is the difference between the buying and selling price of the cryptocurrency. This spread is how Revolut makes a profit from crypto trading. Overall, Revolut strives to offer transparent and competitive fees for its users.
- Dec 27, 2021 · 3 years agoAt BYDFi, we believe in transparency and fair pricing. When it comes to calculating crypto trading fees, Revolut takes into consideration several factors. These include the size of the trade, the liquidity of the specific cryptocurrency, and the overall trading volume of the user. The fees are tiered, meaning that the more you trade, the lower the fee percentage. Revolut also charges a spread, which is the difference between the buying and selling price of the cryptocurrency. This spread is how Revolut generates revenue from crypto trading. Our goal is to provide our users with a seamless and cost-effective trading experience.
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