- Revolut is implementing new crypto fees for all plans.
- The changes are taking effect from the 27th of June, 2023.
- Revolut launched crypto staking services earlier this year.
The crypto-friendly neobank Revolut has considered public feedback and reduced several cryptocurrency-related fees. In this article, we’re going to look at what this changes for customers worldwide.
According to CNBC, Revolut continues its worldwide crypto push – the British fintech was founded seven years ago but only became profitable in November 2020. The unicorn’s CEO, Nik Storonsky, assured the media multiple times that supporting cryptocurrencies aligns well with the company’s outlook in the long term.
How Do Revolut Crypto Fee Changes Affect Me?
Revolut’s changing crypto fee policy brings excellent news for new and existing digital bank customers. Existing customers in the United Kingdom, the United States, and Europe received an email from Revolut happily announcing the reduction of some of their crypto trading fees:
- For Standard and Plus plan members, the newly enforced crypto trading fee is 1.49%, down from 1.99%.
- For Premium or Metal plan members, the base crypto trading fee is lowered from 1.49% to just 0.99%.
While the UK subsidiary provides cryptocurrency trading services, the cryptocurrency fee change applies to all customers around the globe. On top of that, Revolut recently replenished its Learn & Earn programme by adding a couple of new lessons. This allows newly-registered users to start growing their crypto portfolio without an investment.
Revolut’s crypto adoption efforts are seen not only in reduced transaction costs. They also added staking services for popular altcoins like Polkadot (DOT), Ether (ETH), Cardano (ADA), and Tezos (XTZ).
On The Flipside
- The crypto fee change doesn’t impact minimum fees or fair usage limits.
Why This Matters
Revolut is pioneering in crypto adoption due to its pro-crypto stance.
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