Revolut, the digital banking platform, has made changes to its fee structure for cryptocurrency transactions. The move is aimed at benefiting its customers and making cryptocurrency trading more accessible. The main takeaways from the new fee structure are as follows.
Firstly, Revolut has eliminated the fixed monthly fee for its Metal plan customers, making it easier and more cost-effective for them to trade cryptocurrencies. Previously, Metal plan users had to pay a monthly fee of £12.99 to access cryptocurrency trading.
Secondly, Revolut has reduced the fees for its Standard and Premium plan users. Standard plan users will now pay a 2.5% fee for cryptocurrency transactions, down from the previous 3.5%. Premium plan users will pay a 1.5% fee, down from 2.5%.
Overall, these changes are expected to make cryptocurrency trading more affordable for Revolut customers and attract more users to the platform. This move aligns with Revolut’s mission to democratize access to financial services and provide a user-friendly experience for its customers.
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