Revolut Crypto Fees

Summary: Revolut's crypto trading fees are tier-based, starting from 0.49% and may rise with premium plans, alongside a 1.5% spread on all transactions. While providing a convenient platform for crypto trading combined with traditional financial services, Revolut's fee structure can be comparatively higher, especially for frequent traders.

What are Revolut’s Crypto Fees?

Revolut’s crypto fees depend on the subscription plan the customer has. Here’s how it works:

• Standard Plan: This plan is free and charges a 0.49% fee for crypto exchanges. It has a £1,000 monthly limit for all exchanges (including currencies, cryptocurrencies, and precious metals). If you exceed this limit, a 1% fair usage fee applies.
• Plus Plan: For £3.99 per month, this plan raises the exchange limit to £3,000 monthly. Going over this limit attracts a reduced fair usage fee of 0.5%.
• Premium, Metal, and Ultra Plans: These advanced plans are priced at £7.99, £14.99, and £45 per month. They offer unlimited exchanges with no fair usage fees, making them ideal for frequent traders and larger transactions.

All plans include a 1.5% spread on all transactions, which is critical for anyone trading crypto on Revolut. This spread is on top of any fees. Revolut strives for clear fee communication; total costs, including spreads and other fees, are shown in the app before transactions are finalized.

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Is Revolut Expensive for Crypto?

Revolut tends to be more expensive for buying crypto assets compared to other regulated and specialist crypto platforms. It charges a base fee of around 1.5% for crypto transactions, which is notably higher than the typical fees of under 1% found on platforms dedicated solely to crypto trading. This higher base fee generally increases the cost of trading, particularly for those who trade frequently or in large volumes.

Moreover, Revolut offers various subscription plans, from a free standard plan to the premium Ultra plan at £45 per month. While these plans offer benefits, the paid subscriptions add extra costs, unlike most crypto platforms that do not charge monthly fees.

Additionally, a 1.5% spread on all crypto transactions increases the total cost, positioning Revolut as a costlier option for investing in digital assets.

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Best Revolut Alternative

After evaluating more than 10 regulated brokers to assess their fees in comparison to Revolut, eToro emerges as a highly cost-effective choice with a wide array of investment opportunities. This platform is regulated by the FCA and offers a secure trading environment. It boasts a diverse portfolio of over 4,500 assets, including cryptocurrencies, stocks, ETFs, and specialized Bitcoin ETFs like IBIT by Blackrock.

With over 10 million users trusting its services, eToro offers a competitive fee structure with no initial fees and tight spreads that can go as low as 1%. This combination of regulatory security, extensive asset variety, and friendly fee policies makes eToro an appealing option for investors.

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About Revolut Crypto

Revolut offers a convenient way to trade and manage over 130 cryptocurrencies alongside traditional assets like stocks and ETFs. It provides users with a straightforward interface for quick trades and transfers within its app. However, users should be aware that cryptocurrency values can be volatile, and Revolut’s services in this area are not regulated or protected.

The platform includes fees starting at 0.49% depending on the user's plan, with additional network and withdrawal charges applicable for transfers. Revolut also offers opportunities to learn about crypto and earn through staking with yields up to 12% APY.

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Bottom Line

In conclusion, Revolut offers varying crypto trading fees linked to its diverse account plans, which might be higher compared to other dedicated crypto platforms. The trading costs could accumulate, particularly for frequent traders due to the base fee and spread. For those seeking a more economical alternative, eToro stands out with its competitive fee structure and a broad range of investment options.