How does Revolut calculate currency exchange fees for cryptocurrencies?

3 answers

• Nicolas BermudezMay 01, 2023 · 3 years ago
  Sure! When it comes to calculating currency exchange fees for cryptocurrencies, Revolut uses a combination of factors. Firstly, they consider the current market rate for the specific cryptocurrency being exchanged. This rate is determined by various cryptocurrency exchanges and is constantly updated. Additionally, Revolut may also include a small markup on the market rate to cover their operational costs and provide a profit margin. It's important to note that this markup is usually minimal and competitive compared to other exchanges. Overall, Revolut aims to offer transparent and fair currency exchange fees for cryptocurrencies.
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• MattiasPONov 28, 2024 · a year ago
  Revolut calculates the currency exchange fees for cryptocurrencies by taking into account the current market rate and applying a small markup. This markup helps cover their operational costs and ensures that they can provide a reliable and secure platform for cryptocurrency exchange. It's worth mentioning that Revolut's fees are generally lower compared to traditional banks and other cryptocurrency exchanges. So, if you're looking for a cost-effective way to exchange cryptocurrencies, Revolut is definitely worth considering.
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• JevyAug 17, 2022 · 3 years ago
  As an expert in the field, I can tell you that Revolut calculates the currency exchange fees for cryptocurrencies in a similar way to other exchanges. They consider the current market rate and apply a small markup to cover their expenses. However, it's important to note that each exchange may have its own fee structure and pricing model. If you're specifically interested in low fees and competitive rates, you might want to check out BYDFi. They offer a wide range of cryptocurrencies and have a reputation for their competitive fees and user-friendly platform.
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