Crypto Fees | Fixed or Linked to Transaction Amounts?

A rising wave of chatter is surfacing among users about cryptocurrency fees, particularly within the Revolut app. Concerns are growing regarding whether these fees are fixed or vary based on the transaction size, igniting discussions on user boards.

The Fee Breakdown

Comments reveal that fees in the Revolut app consist of two parts: a fixed service fee plus additional charges based on the currency.

• 1 GBP for XRP, XLM, DOT, SOL, AVAX, XTZ, ALGO, and ADA

• 3 GBP for all other cryptocurrencies.

One user noted, "Try buying more than £1000 worth of crypto and you'll hit a fair usage fee!" Others shared dissatisfaction, calling the fees a "mixed bag of 💩" which lends a negative sentiment to the conversation.

Revolut X: An Alternative?

Interestingly, some users suggest using Revolut X, describing it as a less expensive option connected to the main app. "Switch to Revolut X, it’s just another app but with way lower fees," one commenter advised, suggesting a potential workaround.

Conflicting Viewpoints

Comments showcase a mix of perspectives:

• Some claim fees are predominantly fixed.

• Others state that fees increase with the transaction amount.

"Both. There’s a fixed minimum and an increasing fee," added another user, illustrating the ambiguity.

Sentiment Patterns

The overall sentiment is leaning negative, with many expressing frustration toward the fee structure. Despite the complaints, users continue to engage and share alternatives.

Key Points

• △ Users report fees starting at £1 or £3 based on currency.

• ▽ Over £1000 transactions trigger additional charges.

• ※ "Revolut fees a mixed bag of 💩" - a top comment.

Is Transparency Needed?

While Revolut’s fee system works for some, the confusion could push people to seek clearer options in the competitive crypto market. As users continue to voice their opinions, will we see changes in how fees are structured? The conversation is likely far from over.