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How does Revolut's free currency exchange feature work for digital currencies?

avatarMendez AbrahamsenDec 28, 2021 · 3 years ago3 answers

Can you explain how Revolut's free currency exchange feature works for digital currencies? I'm curious about how they are able to offer this service without charging any fees.

How does Revolut's free currency exchange feature work for digital currencies?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Revolut's free currency exchange feature for digital currencies works by leveraging their large user base and the volume of transactions they process. They are able to offer this service without charging any fees because they make money through other revenue streams, such as premium subscriptions and card fees. This allows them to provide competitive exchange rates and attract more users to their platform.
  • avatarDec 28, 2021 · 3 years ago
    Revolut's free currency exchange feature for digital currencies is a great benefit for users who frequently trade or hold digital assets. By eliminating fees for currency exchange, Revolut allows users to save money and make more efficient transactions. This feature is made possible by Revolut's advanced technology and partnerships with liquidity providers, which enable them to offer competitive rates without charging fees.
  • avatarDec 28, 2021 · 3 years ago
    At BYDFi, we also offer a free currency exchange feature for digital currencies. Similar to Revolut, we are able to provide this service without charging any fees by utilizing our large user base and optimizing our trading infrastructure. This allows us to offer competitive rates and attract more users to our platform. We believe that providing a free currency exchange feature is essential in today's digital asset landscape to empower users and facilitate seamless transactions.