common-close-0
BYDFi
Trade wherever you are!

How does Revolut charge fees for buying and selling cryptocurrencies?

avatar18Haripriyam2023Dec 29, 2021 · 3 years ago3 answers

Can you explain how Revolut charges fees for buying and selling cryptocurrencies? I'm interested in knowing the specific fees and how they are calculated.

How does Revolut charge fees for buying and selling cryptocurrencies?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Revolut charges fees for buying and selling cryptocurrencies based on a percentage of the transaction amount. The fee is typically around 1.5% for standard users and 0.5% for premium users. This fee is applied to both buying and selling transactions. For example, if you buy $100 worth of Bitcoin, you would be charged a fee of $1.50 as a standard user. The fee may vary slightly depending on market conditions and exchange rates. It's important to note that Revolut also applies a markup on the exchange rate, which can result in slightly higher prices compared to other cryptocurrency exchanges.
  • avatarDec 29, 2021 · 3 years ago
    When it comes to fees for buying and selling cryptocurrencies on Revolut, it's important to understand that they vary depending on your account type. Standard users are charged a higher fee compared to premium users. The fee is calculated as a percentage of the transaction amount and is typically around 1.5% for standard users and 0.5% for premium users. This fee is applied to both buying and selling transactions. Additionally, Revolut also applies a markup on the exchange rate, which means that the price you pay for cryptocurrencies may be slightly higher compared to other exchanges. It's always a good idea to compare fees and exchange rates before making a transaction.
  • avatarDec 29, 2021 · 3 years ago
    Revolut charges fees for buying and selling cryptocurrencies based on a percentage of the transaction amount. The fee is typically around 1.5% for standard users and 0.5% for premium users. This fee is applied to both buying and selling transactions. It's important to note that Revolut aims to provide competitive rates and fees, but it's always a good idea to compare with other exchanges to ensure you're getting the best deal. At BYDFi, we also offer competitive fees for cryptocurrency trading, with a focus on user experience and security. Our fees are transparent and can be found on our website. Feel free to reach out to our support team if you have any further questions about fees or trading on BYDFi.