Swissborg vs Revolut | Should You Use Either To Buy Crypto?

Now let's take a closer look at how teh trading fees of Swissborg and Revolut compare.

The fees on Swissborg are divided into two types: exchange fees and thematics fees. The exchange fees range from 1% to 0.25%, depending on the user's account status.

For example, those with a standard account will pay a higher fee compared to those with a Genesis account. As for thematics fees, these range from 2% for standard accounts to 1% for Genesis accounts. This means that the fees on Swissborg can be quite high, depending on your account status.

On the other hand, Revolut charges a flat fee of 1.99% for buying and selling cryptocurrencies. This fee is quite steep compared to other exchanges like Binance and Bybit, which offer much lower fees. It's important to note that neither Swissborg nor Revolut offer any discounts for high volume trading, so everyone pays the same fees.

However, Swissborg's fees can be lowered if you have a higher account status, whereas Revolut's fees remain the same regardless of how often you trade.Overall, when it comes to trading fees, Swissborg and Revolut are both on the higher end with most crypto exchanges being cheaper!

If you're looking for an exchange that supports fiat deposits, both Swissborg and Revolut have got you covered. Swissborg supports 4 fiat currencies in EUR, GBP, CAD and CHF, while Revolut is a bank that allows you to use the funds you already have to buy cryptocurrencies.

Swissborg offers multiple deposit methods for different fiat currencies. For GBP, Faster Payments (FSP) and Swift transfers are available and for EUR, SEPA is the way to go. For those that wish to deposit CAD or CHF, they can do so via Swift transfers.

Users can also deposit funds with Visa or Mastercard. Deposits from a bank account are free of charge while deposits with cards have a minimum fee of 5 EUR and range between 1.5% to 4.5%.

On the other hand, Revolut offers a convenient option for users that don't want to go through the hassle of depositing funds as it's a bank and people can simply use the funds that they have to buy cryptocurrencies. However, it's important to note that Revolut has high trading fees and crypto withdrawal fees.

Moving on to withdrawal options, Swissborg offers a withdrawal fee of 0.1% for both fiat and cryptocurrency withdrawals, with a minimum fee of 1 EUR and a maximum fee of 100 EUR.

However, their cryptocurrency withdrawal fees are unusually high and increase with the amount being withdrawn.

For example, the minimum Bitcoin withdrawal fee is 0.0002 BTC, but larger withdrawals will have much higher fees. This is ridiculously high and not something we would recommend to our readers!

On the other hand, Revolut does not offer fiat withdrawals since it is a bank itself. However, users can withdraw cryptocurrencies from the app.

The fees charged by Revolut for cryptocurrency withdrawals include a network fee as well as a service fee that increases with the amount being withdrawn, resulting in higher fees than traditional crypto exchanges.

In summary, Swissborg is a Swiss-based cryptocurrency exchange and wealth management platform that is designed to cater to beginners.

They offer only 50 cryptocurrencies and their services are only available on Android and IOS. Swissborg does not offer many products and services and their fees are overall quite high.

Revolut is a London-based fintech company that offers a more comprehensive range of features and a wider range of supported cryptocurrencies.

Both platforms require KYC verification before users can access their services, and both platforms are limited in their crypto specific product offering.

And when it comes to trading fees and withdrawal fees, both Swissborg and Revolut have high fees that could easily be avoided by using lower cost platforms.

As such, both Swissborg and Revolut targets beginners with a very limited set of products and cryptocurrencies.

Assuming users don't already have either a the Swissborg app or a bank account with Revolut, would we recommend either of them? 

Well, not really. While Revolut is great and affordable when it comes to the banking services they offer, that is not the case when we talk about cryptocurrencies.