How does Revolut calculate fees for crypto transactions?

3 answers

• Stack BalslevMar 27, 2023 · 2 years ago
  Certainly! When it comes to calculating fees for crypto transactions on Revolut, there are a few factors at play. First and foremost, the fee structure depends on the specific cryptocurrency you're trading. Different cryptocurrencies may have different fee rates. Additionally, the fee may also vary based on the transaction volume. Higher transaction volumes may attract lower fees. It's important to note that Revolut may also charge a markup on the exchange rate when converting fiat currency to crypto. This markup is another factor that affects the overall fee. Overall, Revolut aims to provide transparent and competitive fee structures for its users, but it's always a good idea to review the fee schedule on their platform for the most accurate and up-to-date information. 😉
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• Emily AnnAug 27, 2021 · 4 years ago
  Revolut calculates fees for crypto transactions in a way that takes into account various factors. These factors include the specific cryptocurrency being traded, the transaction volume, and any applicable exchange rate markups. By considering these factors, Revolut aims to provide a fair and competitive fee structure for its users. It's worth noting that fee structures may vary between different cryptocurrencies, so it's important to check the fee schedule for the specific cryptocurrency you're interested in trading. Additionally, it's always a good idea to keep an eye on any updates or announcements from Revolut regarding fee changes or adjustments. 🙂
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• Nehal NaiduNov 07, 2020 · 5 years ago
  When it comes to calculating fees for crypto transactions on Revolut, the process is quite straightforward. Revolut charges a fee based on the specific cryptocurrency being traded and the transaction volume. The fee structure is designed to be competitive and transparent, ensuring that users have a clear understanding of the costs involved. It's important to note that Revolut may also include a markup on the exchange rate when converting fiat currency to crypto. This markup is a common practice in the industry and helps cover the costs associated with providing the service. Overall, Revolut aims to offer a user-friendly and cost-effective solution for crypto transactions. 👍
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