What are the fees associated with buying and selling cryptocurrencies through Revolut in New Zealand?
MrWorlMay 09, 2022 · 3 years ago1 answers
Can you provide a detailed explanation of the fees involved in buying and selling cryptocurrencies through Revolut in New Zealand? I would like to know the specific costs associated with these transactions.
1 answers
- May 09, 2022 · 3 years agoWhen it comes to buying and selling cryptocurrencies through Revolut in New Zealand, there are a few fees to be aware of. Revolut charges a 1.5% markup on the exchange rate for cryptocurrency transactions. This means that when you buy or sell cryptocurrencies, you will be paying 1.5% more or receiving 1.5% less than the current market rate. Additionally, there may be additional fees for certain types of transactions, such as transferring cryptocurrencies to an external wallet. It's always a good idea to check the latest fee schedule on the Revolut website to get the most up-to-date information. While these fees are relatively small, they can still impact your overall investment returns, so it's important to factor them into your decision-making process.
Related Tags
Hot Questions
- 98
How does cryptocurrency affect my tax return?
- 92
Are there any special tax rules for crypto investors?
- 74
What are the tax implications of using cryptocurrency?
- 51
What is the future of blockchain technology?
- 50
How can I minimize my tax liability when dealing with cryptocurrencies?
- 49
How can I buy Bitcoin with a credit card?
- 30
What are the advantages of using cryptocurrency for online transactions?
- 25
What are the best practices for reporting cryptocurrency on my taxes?