Selling Crypto vs. Buying Crypto. Price fluctuation


#1

When using the app to buy ETH:
if I put 1 ETH to buy, Revolut quotes it at €600
when I switch the app and indicate I want to SELL 1 ETH, the price I will get is at about €578.

That is a 3.5% difference. Why? It is definitely more than 1.5% fee.


#2

Buy and sell prices are different. This is the case on all platforms. On some platforms this difference (it’s called ‘spread’) is smaller than the others.

If they does not advertise the size of the ‘spread’ - it’s the indication that it’s not very good. Look the spread at other exchanges to compare.


#3

The best to use is Bitstamp as that is their partner for cryptocurrency


#4

Seems transaction fees in Bitstamp are 0.25%. Should we add more fees to reach 3.5%?


#5

Add more fees? I am not sure i understand the question.

By using the Crypto feature on Revolut then the 0.25% fee from Bitstamp have no relevance. Revolut have their own fee which is different and laid out in the terms for the service.


#6

I am surprised to hear the difference between the 0.25% fees from Bistamp (your partner) and your fees, said to be around 3.5%. Very expensive! I was wondering if the Revolut service was really worth in this matter.


#7

Hey Jean

I do not work for Revolut so i have no influence on the fee. But the fee should be 1.5% according to this blog post:

So there is a 1.5% fee for buying and 1.5% fee for selling.

If you look at Coinbase they have an even higher fee for buying using a Credit Card or Debit card (1.5% + 2.5% for instant buy)


#8

Yes and thats is only one way… When you want to cash out another 4% = min 8% + the spred.


#9