Here’s How Revolut Crypto Fee Changes Affect You

Revolut shifts its crypto fee structure for the better – here’s the main takeaways.

by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Published:
Computer mouse hand with revolut card inside, clicking on a crypto coin.
Created by Kornelija Poderskytė from DailyCoin
Google News Follow Button
  • 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.

Sponsored

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.

Sponsored

Read DailyCoin’s latest crypto news:

Cardano Welcomed as Commodity as U.S Crackdown Rages on

Binance Reloads Ronaldo CR7 NFT Collection with a Lineup of IRL Perks

DailyCoin Newsletter

The hottest crypto news, straight to your inbox!

newsletter icon

Get a daily dose of crypto stories in a quick read with a tongue-in-cheek twist! Suitable for everyone, from crypto newbs to battle-tested veterans.

      You can easily unsubscribe at any time. Spoiler Alert: You won’t want to!

      This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

      Tags
      Author
      Tadas Klimasevskis
      Tadas Klimasevskis

      Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.