How does Revolut charge transaction fees for digital currency transactions?
Deepak KorrapatiNov 27, 2021 · 3 years ago3 answers
Can you explain how Revolut charges transaction fees for digital currency transactions? I'm curious about the specific fees and how they are calculated.
3 answers
- Nov 27, 2021 · 3 years agoRevolut charges transaction fees for digital currency transactions based on a percentage of the transaction amount. The exact fee percentage depends on the specific digital currency being transacted. For example, the fee for Bitcoin transactions may be different from the fee for Ethereum transactions. The fees are automatically deducted from the transaction amount before the transaction is completed. It's important to note that Revolut may also charge additional fees for certain types of transactions, such as instant exchanges or transfers to external wallets. It's always a good idea to check the Revolut app or website for the most up-to-date fee information.
- Nov 27, 2021 · 3 years agoWhen it comes to transaction fees for digital currency transactions on Revolut, it's all about percentages. The fees are calculated based on a percentage of the transaction amount. So, the larger the transaction, the higher the fee. This is a common practice in the digital currency world, as it helps cover the costs associated with processing and securing transactions. Keep in mind that the specific fee percentage may vary depending on the digital currency you're transacting. It's always a good idea to check the Revolut app or website for the most accurate fee information before making any transactions.
- Nov 27, 2021 · 3 years agoAs an expert in the digital currency industry, I can tell you that Revolut charges transaction fees for digital currency transactions based on a percentage of the transaction amount. This fee is automatically deducted from the transaction amount before the transaction is completed. The exact fee percentage may vary depending on the specific digital currency being transacted. It's important to note that Revolut may also charge additional fees for certain types of transactions, such as instant exchanges or transfers to external wallets. To get the most accurate and up-to-date fee information, I recommend checking the Revolut app or website.
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