Are Revolut crypto fees high?
Will Revolut apply a fee to my cryptocurrency exchange? The fee varies depending on what plan you are on, if you have Standard or Plus plan, the fee will be 1.99% or 1 EUR, whichever is higher, for Premium, the fee will be 1.49% and for Metal, the fee will be 0.99%.
Revolut is very inflexible, you can't move your cryptocurrency anywhere. Moreover, the fees are high , 2.5% to buy, and then another 2.5% to sell. On top of that, you also have to pay exchange rate fees which is another 0.5% each way (if you have used your allowance).
It's also important to do a thorough cryptocurrency exchange fee comparison. Analysing this metric in this Coinbase vs Revolut comparison, it's clear that Revolut has the lowest trading fee percentage of 2.5%, while the second place goes to Coinbase with a fee of Up to 3.99%.
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Will Revolut apply a fee to my cryptocurrency exchange? The fee varies depending on what plan you are on, if you have Standard or Plus plan, the fee will be 2.5%, and for Premium and Metal, the fee will be 1.5%. If you're a Standard or Plus customer, and your limit is exceeded, an additional 0.5% fee will be added.
| Name | Top Features |
|---|---|
| Coinbase | Easy to use, multiple crypto trading options |
| Swapzone | Compare among exchanges and trade on the cheapest, for over 300 coins. |
| Xcoins.com | Easy registration, 24/7 support. |
| CEX.io | Commisions for market makers and takers, used in 99% of the countries in the world. |
The cryptocurrency exchange that we have partnered with – Paxos Trust Company, LLC – will legally own any cryptocurrency you buy from Revolut App. They will hold it on your behalf, and you will have a right (called a “beneficial right”) to it.
Revolut removes all of the complexities associated with using an exchange and simplifies the process by offering live rates for buying and selling crypto.
Most cryptocurrency platforms offer a few different ways to deposit fiat currency (traditional money, like dollars). You'll find the fees vary, though the cheapest way to fund your account is usually through a bank transfer. Credit card or debit card deposits often come with a charge of 2% to 5%.
A crypto withdrawal is a transaction that allows you to move your cryptocurrency balance off the Revolut platform to an external crypto wallet that you control such as a Ledger or a Trezor. This is an 'on-chain' transaction, meaning that your crypto is transferred via the blockchain.
Can you move crypto from Revolut?
You can transfer (off-chain transfer) cryptocurrency to other Revolut customers in the Revolut app. When we accept your instruction, we'll transfer your beneficial right in the relevant amount of cryptocurrency to them. You cannot pay in cryptocurrency using your Revolut Card either.
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To deactivate your currency account:
- Go to your Dashboard tab.
- Click on your total balance.
- Select the currency account you want to deactivate.
- Open the overflow window by clicking the three dots '...' button.
- Select “Deactivate”
The following fees will apply (we call these the “Revolut Pro Payment Processing Fees”): 2.5% for online payments, and 1.5% for offline payments using the Card Reader.
Binance has one of the lowest cryptocurrency fees in the market. Users can utilize BNB for payments on the exchange.
Coinbase – The Safest High-Volume Exchange
Coinbase is one of the biggest cryptocurrency exchanges in the world and one of the best reputations for security. The exchange keeps nearly 99% of its users' digital assets in offline cold storage.
- Gemini. Gemini is a popular platform to invest in crypto as it was one of the first major exchanges, and today it's one of the largest by assets. ...
- Uphold. ...
- Coinbase. ...
- Binance. ...
- Kraken. ...
- Bitstamp. ...
- eToro. ...
- Bitcoin IRA.
- Cash App.
- Bisq.
- Coinbase.
- Blockfolio.
- Gemini.
- Crypto Pro.
- BlockFi.
- Robinhood.
How Does Revolut Make Money? Revolut earns money through premium and metal accounts and commissions from merchants who pay a small fee whenever customers use the Revolut card.
Robinhood Crypto
Robinhood brings its no-fee ethos to cryptocurrency trading, but currently offers few cryptocurrencies and no way to transfer crypto assets off the platform. No fees for crypto trades. Convenient if you already have a Robinhood brokerage account.
Using Robinhood or Trading Bitcoin Stocks to Trade Crypto Commission-free: You can essentially still trade crypto without commission by using Robinhood to trade crypto or by trading Grayscale trusts (like GBTC) or Bitcoin ETFs (like BITO) with some brokers (some brokers charge fees, others don't; check with your's).
Which country sells cheapest bitcoin?
1. Kuwait. With a relatively low cost of living all around, Kuwait City comes in at 148th most expensive worldwide. There's no shortage of sunshine in this Arabic country and apparently, there's also no shortage of cheap electricity.
There is a 1% fee to convert and withdraw your crypto to cash in addition to standard network fees. A network fee is necessary in order to have your transaction processed by the decentralized cryptocurrency network.
How to Sell Bitcoin & Withdraw from Revolut To Your Bank (UK) - YouTube
You won't be able to transfer cryptocurrency to outside the Revolut platform, e.g., external wallets. We're working on bringing this feature to you soon, so stay tuned! However, you can still buy, sell, exchange and even send cryptocurrencies to your friends within the Revolut platform.
With Revolut you can convert your cryptocurrency from and to fiat in just a few seconds if you select a Market Order. The transaction will first go into a pending state within the app, and then we will attempt to fulfil the exchange.
As for crypto merchants, we currently support the following list: Xapo, crypto.com, MoonPay, Bitstamp, Kraken, Coinbase, Gemini, Bitpanda, Coinfloor, Binance, and we are reviewing this list on a regular basis.
You can transfer fiat money from your bank to your Revolut account, then make a trade that converts your USD or EUR into BTC/ETH or any of the other 8 crypto tokens listed on their platform. Once you've made your trade and converted it into an altcoin, you can then transfer it over to Binance for actual trading.
The cryptocurrency exchange that we have partnered with – Paxos Trust Company, LLC – will legally own any cryptocurrency you buy from Revolut App. They will hold it on your behalf, and you will have a right (called a “beneficial right”) to it.
A crypto withdrawal is a transaction that allows you to move your cryptocurrency balance off the Revolut platform to an external crypto wallet that you control such as a Ledger or a Trezor. This is an 'on-chain' transaction, meaning that your crypto is transferred via the blockchain.
- Binance.US: Best for Crypto exchanges.
- Kraken: Best for Crypto exchanges.
- Crypto.com: Best for Crypto exchanges.
- BlockFi: Best for Crypto exchanges.
- Gemini: Best for Crypto exchanges.
- Coinbase: Best for Crypto exchanges.
- FTX.US: Best for Crypto exchanges.
Which app is best for cryptocurrency?
- Cash App.
- Bisq.
- Coinbase.
- Blockfolio.
- Gemini.
- Crypto Pro.
- BlockFi.
- Robinhood.