What are the fees associated with using Revolut for crypto trading?
Patrick LegaspiDec 28, 2021 · 3 years ago3 answers
Can you provide a detailed explanation of the fees associated with using Revolut for crypto trading? I'm interested in knowing the different types of fees, their amounts, and how they are calculated.
3 answers
- Dec 28, 2021 · 3 years agoWhen it comes to using Revolut for crypto trading, there are a few fees that you should be aware of. First, there is a 1.5% fee for buying or selling cryptocurrencies on the platform. This fee is applied to the total transaction amount and is automatically deducted from your account. Additionally, if you make a crypto transfer to an external wallet, there is a network fee that varies depending on the cryptocurrency you are transferring. It's important to note that these fees are subject to change, so it's always a good idea to check the latest fee schedule on the Revolut website before making any transactions.
- Dec 28, 2021 · 3 years agoRevolut charges a 1.5% fee for crypto trading. This fee is applied to both buying and selling cryptocurrencies on the platform. For example, if you buy $100 worth of Bitcoin, you will be charged a $1.50 fee. Similarly, if you sell $100 worth of Bitcoin, you will also be charged a $1.50 fee. In addition to the trading fee, there may be network fees when transferring cryptocurrencies to external wallets. These network fees vary depending on the cryptocurrency and can be found on the Revolut website. It's important to consider these fees when deciding to use Revolut for crypto trading.
- Dec 28, 2021 · 3 years agoAs an expert in the crypto trading industry, I can tell you that Revolut charges a 1.5% fee for buying or selling cryptocurrencies on their platform. This fee is applied to the total transaction amount and is automatically deducted from your account. In addition to the trading fee, there may be network fees when transferring cryptocurrencies to external wallets. These network fees vary depending on the cryptocurrency and can be found on the Revolut website. It's worth noting that while Revolut offers a convenient way to trade cryptocurrencies, there may be other platforms with lower fees or more advanced trading features. It's always a good idea to compare different platforms before making a decision.
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