What are the fees associated with buying and selling cryptocurrencies through the Revolut banking app?

3 answers

• Dec 29, 2021 · 3 years ago
  When it comes to buying and selling cryptocurrencies through the Revolut banking app, there are some fees involved. The fees vary depending on the type of transaction and the amount being transacted. Generally, Revolut charges a small markup on the exchange rate when buying or selling cryptocurrencies. This markup is usually around 1.5% to 2.5%, which is relatively competitive compared to other cryptocurrency exchanges. However, it's important to note that the fees may change over time, so it's always a good idea to check the latest fee structure on the Revolut app or website.
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• Dec 29, 2021 · 3 years ago
  If you're using the Revolut banking app to buy or sell cryptocurrencies, you should be aware of the potential additional fees. For example, Revolut may charge a fee for instant cryptocurrency exchanges, which allows you to instantly convert one cryptocurrency to another. This fee is typically around 0.5% to 1.5% of the transaction amount. Additionally, if you're using Revolut's premium subscription plan, there may be lower or waived fees for cryptocurrency transactions. It's important to review the terms and conditions of your specific Revolut plan to understand the fees associated with cryptocurrency transactions.
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• Dec 29, 2021 · 3 years ago
  As an expert in the field, I can tell you that the fees associated with buying and selling cryptocurrencies through the Revolut banking app are generally competitive. Revolut aims to provide a user-friendly and cost-effective platform for cryptocurrency transactions. However, it's always a good idea to compare the fees with other cryptocurrency exchanges to ensure you're getting the best deal. Some other popular cryptocurrency exchanges may offer lower fees or different fee structures, so it's worth exploring your options. Remember, fees are just one aspect to consider when choosing a cryptocurrency exchange, so make sure to also evaluate factors like security, user experience, and available cryptocurrencies.
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