What is Revolut Cryptocurrency?

Go from cash to crypto, instantly. Buy, sell, and send digital currencies at the touch of a button, with no hidden fees. Revolut’s cryptocurrency service is not regulated by the FCA, other than for the purposes of money laundering. Capital at risk.

Is Revolut good for Cryptocurrency?

If you haven’t tried any crypto exchanges or wallets yet, you may think that Revolut is good enough for cryptocurrency acquisition. The experience that you get in the app differs from the one you get with crypto wallets or exchanges. There’s no doubt that adding cryptos to the app was a great success for Revolut.

How does Revolut crypto work?

Access to the Exchange via the Revolut app allows users to trade cryptocurrencies, i.e. Bitcoin & ETH, exchanged or traded by and between customers. All cryptocurrencies bought by customers on the Exchange are deposited by the Exchanger into, and are held in, an omnibus client account, controlled by the Exchanger.

Is Revolut a crypto exchange?

Revolut has dramatically expanded its crypto offering in 2021, adding a host of new tokens including Dogecoin, building the ability for users to make Bitcoin withdrawals, and even paying for its own WeWork office space in Bitcoin.

Can I withdraw crypto from Revolut?

Once you’ve bought your crypto you can choose to keep it on your exchange, or withdraw it to a wallet or cold storage. … When a user wants to perform a crypto transfer, they specify one of these public addresses as the destination of the transfer.

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Can you buy Bitcoin on Revolut?

Buying Cryptocurrency

You can instruct us to buy cryptocurrencies for you using the e-money in your Revolut account. … You can set up an “auto exchange”, and buy cryptocurrency in the future, if the exchange rate hits the target rate you set.

How legit is Revolut?

Yes, Revolut is a legitimate company and a secure option to send money abroad. The company is authorized by the Financial Conduct Authority (FCA). However, your money is not covered by the Financial Services Compensation Scheme.

Is Revolut trading safe?

Instead, as previously mentioned, Revolut is using its Lithuanian e-money licence to operate here, so customers in Ireland aren’t protected by any Deposit Guarantee Scheme.

How does Revolut make money?

How Does Revolut Make Money? Revolut earns money through premium and metal accounts and commissions from merchants who pay a small fee whenever customers use the Revolut card. What is this? Revolut’s primary bank account is free, but customers can earn money through other products and services.