What are the fees associated with using Revolut for online cryptocurrency transactions?
ELC MangaloreDec 28, 2021 · 3 years ago3 answers
Can you provide a detailed explanation of the fees associated with using Revolut for online cryptocurrency transactions? I'm interested in knowing the different types of fees and how they are calculated.
3 answers
- Dec 28, 2021 · 3 years agoSure! When using Revolut for online cryptocurrency transactions, there are several fees to consider. Firstly, there is a 1.5% markup fee for cryptocurrency transactions on weekends. Additionally, there is a 0.5% fee for exchanging cryptocurrencies outside of the market hours. It's important to note that these fees may vary depending on the specific cryptocurrency being traded. Overall, Revolut aims to provide competitive rates and transparent fees for its users.
- Dec 28, 2021 · 3 years agoRevolut charges a 1.5% markup fee for cryptocurrency transactions on weekends. This fee is applied to the exchange rate and is in addition to any other fees that may be incurred. It's worth noting that the markup fee is only applicable to cryptocurrency transactions and not to other types of transactions on the Revolut platform. So if you're planning to make cryptocurrency transactions on weekends, be aware of this additional fee.
- Dec 28, 2021 · 3 years agoWhen it comes to fees for online cryptocurrency transactions with Revolut, there are a few things to keep in mind. Firstly, there is a 1.5% markup fee for cryptocurrency transactions on weekends. This means that the exchange rate you'll get on weekends will be slightly higher compared to weekdays. Additionally, there is a 0.5% fee for exchanging cryptocurrencies outside of the market hours. This fee is applied to the exchange rate as well. Overall, Revolut aims to provide a convenient and user-friendly platform for cryptocurrency transactions, but it's important to be aware of these fees before making any transactions.
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