Are Revolut crypto fees high? (2024)

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%.

Is it worth doing crypto on Revolut?

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).

Which is cheaper Coinbase or Revolut?

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%.

Is Revolut crypto free?

That's right. We're offering a free crypto education – a cryptocation, if you will – and you can earn up to $15 worth of free DOT, the native token for the Polkadot network, by taking part! It's a total win-win.

How much does Revolut charge for crypto?

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.

What is the cheapest crypto exchange?

Is it safe to hold crypto on Revolut?

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.

Why is Bitcoin cheaper on Revolut?

Revolut removes all of the complexities associated with using an exchange and simplifies the process by offering live rates for buying and selling crypto.

How can I get crypto cheap?

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%.

Can I withdraw crypto from Revolut?

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.

How do I get rid of crypto on Revolut?

What percentage does Revolut take?

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.

Which crypto platform has lowest fees?

Binance has one of the lowest cryptocurrency fees in the market. Users can utilize BNB for payments on the exchange.

What is safest crypto 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.

What is the safest platform to buy cryptocurrency?

Which app is best for cryptocurrency?

How does Revolut make money from crypto?

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.

Can I buy crypto with no fees?

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.

How do I trade crypto without fees?

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.

How much does it cost to withdraw crypto?

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 do I sell my crypto on Revolut?

How to Sell Bitcoin & Withdraw from Revolut To Your Bank (UK) - YouTube

Can I transfer Bitcoin from Revolut to wallet?

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.

Can I convert crypto to cash in Revolut?

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.