Part 5/8:
Convert to Dollars: Utilize the Revolut app to convert funds into US dollars at competitive rates, ensuring no FX fees are applied.
Convert Dollars to Stablecoins: Exchange the USD into a stablecoin like USDT within the Revolut app. Be mindful of the small bid-offer spread.
Transfer to Exchange: Send the acquired stablecoins to your selected exchange (e.g., Mexi) while being aware of any applicable withdrawal fees.
Purchase Your Desired Crypto: Execute your crypto purchase (for example, Bitcoin) using the stablecoin, paying attention to trading fees based on the order type.
This method minimizes costs, with an estimated combined fee of around 1.5% on smaller transactions, and even less on larger sums.