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What are the foreign exchange fees for using Revolut with cryptocurrencies?

avatarStar ExpertDec 16, 2021 · 3 years ago3 answers

I'm interested in using Revolut for cryptocurrency transactions, but I'm concerned about the foreign exchange fees. Can you provide more information about the fees associated with using Revolut for cryptocurrencies?

What are the foreign exchange fees for using Revolut with cryptocurrencies?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    When using Revolut for cryptocurrency transactions, there are foreign exchange fees involved. The fees vary depending on the currency pair and the amount being exchanged. It's important to note that Revolut uses real-time exchange rates, which are generally competitive. However, there may be additional fees for certain types of transactions, such as weekend or illiquid currency exchanges. It's recommended to check the Revolut app or website for the most up-to-date information on the specific fees for using cryptocurrencies.
  • avatarDec 16, 2021 · 3 years ago
    Revolut charges foreign exchange fees for cryptocurrency transactions, but the exact fees depend on various factors. The fees can be influenced by the type of cryptocurrency, the amount being exchanged, and the current market conditions. It's advisable to review the fee schedule provided by Revolut to understand the specific charges for using cryptocurrencies. Additionally, it's worth considering the convenience and security offered by Revolut for cryptocurrency transactions, as these factors may outweigh the associated fees.
  • avatarDec 16, 2021 · 3 years ago
    When it comes to foreign exchange fees for using Revolut with cryptocurrencies, it's important to understand that Revolut is not the only option available. Other cryptocurrency exchanges, such as BYDFi, also offer competitive rates and may have different fee structures. It's recommended to compare the fees and features of different exchanges before making a decision. However, Revolut is known for its user-friendly interface and ease of use, which can be advantageous for individuals new to cryptocurrency trading.