Another Revolut Scam | Users React to Hidden Fees
A surge of complaints about high fees at Revolut has sparked outrage among the crypto community this week. Many users report struggling with exorbitant spreads on trades, citing a lack of transparency in the platform's fee structures.
Users Share Their Experiences
The backlash has intensified as customers vent frustrations regarding hidden charges. "I lost 1.2k in sales because I couldn't send or hadn't factored in fees," lamented one former user. Discussions on user boards reveal a mix of anger and resignation.
Key Themes from User Feedback
Frustration over Spreads: Users are vocal about the high spreads. One commenter stated, "It’s the Spread. Are you new to this?" illustrating widespread awareness of this issue.
Expressions of Anger: Many comments echo feelings of betrayal. "Fuck Revolut!" expressed one user, reflecting sentiments that have emerged as complaints mount.
Consideration of Alternatives: As ongoing discontent takes hold, users are exploring different platforms. One user noted, "I will keep using them for day-to-day expenses but buy and sell crypto elsewhere now."
This growing sentiment reveals not just negative views but also a willingness among some to shift their trading operations.
"All exchanges sell at different prices from each other. Just wait until you’re trying to sell on them and you encounter slippage," cautioned another user, hinting at challenges across various platforms.
Sentiment Overview
Overall, the sentiment skews negative, primarily due to frustrations over high fees. However, mixed reactions suggest that some users still find utility in Revolut for other financial services.
Important Takeaways
🔻 Complaints about high trading fees surge, causing reconsideration of loyalty.
💡 Many users stress the need for buyers to set limit orders to mitigate losses.
🚫 Alternatives are gaining users' attention, with many considering other platforms for crypto trading.
As the situation unfolds, it remains unclear how Revolut will respond to these growing grievances or if they will take action to amend their pricing model to retain customers in this competitive environment.