Crypto Fees on Revolut: Understanding the Costs and Maximizing Your Investments

When it comes to managing your cryptocurrency investments, understanding the fees associated with your platform is crucial. Revolut, a popular financial app, has gained attention for its user-friendly interface and wide range of features, including cryptocurrency trading. However, before diving into crypto transactions on Revolut, it's essential to understand the fee structure to avoid unexpected costs and optimize your trading strategy.

Transaction Fees
Revolut charges fees based on the type of transaction and your subscription plan. For those on the Standard plan, a 1.5% fee is applied to crypto purchases and sales. Premium and Metal users benefit from reduced fees of 1% and 0.5%, respectively. The fee structure can significantly impact your returns, especially if you are an active trader.

Spread Fees
In addition to transaction fees, Revolut applies a spread fee, which is the difference between the buying and selling price of a cryptocurrency. This spread varies depending on market conditions and the specific cryptocurrency. For instance, popular cryptocurrencies like Bitcoin and Ethereum generally have narrower spreads compared to less common ones.

Deposit and Withdrawal Fees
Revolut does not charge fees for deposits into your account. However, withdrawals to external wallets incur fees. Standard users face a fee of 1% for withdrawals, while Premium and Metal users enjoy lower rates. It's important to consider these fees when transferring funds to ensure that your investment is not eroded by excessive charges.

Currency Conversion Fees
If you are trading cryptocurrencies in a currency different from your base currency, Revolut applies a currency conversion fee. This fee is typically 0.5% to 2% depending on your subscription plan and the currencies involved. Be aware of these fees to avoid surprises, especially if you frequently trade in multiple currencies.

Inactivity Fees
Revolut may charge inactivity fees if you do not engage in crypto transactions for a certain period. This fee varies based on your subscription plan. To avoid inactivity fees, ensure that you periodically review your crypto holdings and make transactions if necessary.

Fee Comparison Table

Fee Type	Standard Plan	Premium Plan	Metal Plan
Transaction Fees	1.5%	1%	0.5%
Spread Fees	Variable	Variable	Variable
Withdrawal Fees	1%	0.5%	0.5%
Currency Conversion Fees	0.5% - 2%	0.5% - 2%	0.5% - 2%
Inactivity Fees	Varies	Varies	Varies

Tips for Reducing Fees

1. Upgrade Your Plan: Consider upgrading to a Premium or Metal plan to benefit from reduced fees, especially if you are an active trader.
2. Optimize Withdrawals: Plan your withdrawals to minimize fees. For example, consolidate multiple small transactions into fewer larger withdrawals.
3. Monitor Spread Fees: Be aware of the spread when making trades, especially for less liquid cryptocurrencies.

Conclusion
Understanding the fee structure of Revolut's crypto services is essential for maximizing your investment returns. By being aware of transaction fees, spread fees, withdrawal fees, currency conversion fees, and inactivity fees, you can make informed decisions and manage your costs effectively. Whether you are a casual investor or an active trader, staying on top of these fees will help you get the most out of your cryptocurrency investments.