To send cryptocurrency to a friend on Revolut, tap on the ‘Payments’ tab in the app and select one of your Revolut friends. Next, enter the amount you would like to send, choose cryptocurrency from the drop-down list, and then tap ‘Send’ and crypto will appear instantly in their Revolut account!
Can I use Revolut as a crypto wallet?
The cryptocurrency we buy for you is held in a ‘virtual account’ that also holds cryptocurrencies for other Revolut customers. You will not have a separate cryptocurrency account. You can use the Revolut app to see the amount of cryptocurrency we’re holding for you.
Can you send crypto from Binance to Revolut?
As for crypto merchants, we currently support the following list: Xapo, crypto.com, MoonPay, Bitstamp, Kraken, Coinbase, Gemini, Bitpanda, Coinfloor, Binance, and we are reviewing this list on a regular basis.
Can I receive Bitcoin to my Revolut account?
You can receive cryptocurrency sent by another Revolut user if their account is registered in the US and they have activated cryptocurrency offering on their Revolut account.
Can I send crypto to my Revolut account? – Related Questions
Can I withdraw crypto from Revolut?
A crypto withdrawal is a transaction that allows you to move your cryptocurrency balance off the Revolut platform to an external crypto wallet that you control such as a Ledger or a Trezor. This is an ‘on-chain’ transaction, meaning that your crypto is transferred via the blockchain.
Can I withdraw money from Coinbase to Revolut?
The verification stage takes a few days to complete. But once it’s done, you can easily transfer funds between Revolut and Coinbase.
How do I transfer Bitcoin to another wallet?
How to send a Bitcoin to someone else’s wallet
- Step 1: In Receiving Account, go to Account -> BTC Wallet -> Receive.
- Step 2: Validate that you will only send BTC to this address.
- Step 3: Copy your BTC address.
- Step 4: In Sending Account, go to Account -> BTC Wallet -> Send.
- Step 5: Paste BTC Address.
How does crypto work on Revolut?
you tell us how much e-money you want to spend and we’ll let you know how much cryptocurrency you can buy (using the exchange rate at the time); if you click ‘exchange’, and we accept your instruction, we’ll buy the cryptocurrency from our partnered cryptocurrency exchanges, such as Coinbase or Bitstamp.
How do I sell bitcoins on Revolut?
It can be done via Crypto section of the ‘Home’ tab in the Revolut app, or the ‘Wealth’ section of the Hub. Buying and selling cryptocurrency works the same way as any other fiat currency that we support. To add your cryptocurrency account, go to the Wealth tab and then the Crypto section.
Does Revolut charge fees for crypto?
Will Revolut apply a fee to my cryptocurrency exchange? The fee varies depending on what plan you are on, if you have Standard or Plus plan, the fee will be 2.5%, and for Premium and Metal, the fee will be 1.5%. Any cryptocurrency exchange will reflect on your currency exchange usage limit.
Which is better Coinbase or Revolut?
Coinbase vs Revolut cryptocurrency exchange overall score comparison reveals that Coinbase has a higher overall score of 7.3, while Revolut gathered an overall score of 7.5.
Is Revolut safe to keep money?
As with Revolut personal accounts, funds held in Revolut business accounts are safeguarded and held separately to Revolut’s own capital. That means your funds are safe – and you could benefit from lower fees and more convenient features compared to using a traditional bank.
Is Revolut good for currency exchange?
One of the biggest pros to using Revolut is its impressive currency conversion rates. When you typically exchange currency, the bank will mark up the price so they can profit from the transaction. When you use Revolut, you’re getting the same rate that banks pay to exchange currency, amounting to massive savings.
What are the cons of Revolut?
Revolut offers free stock trading (though conditions apply) without inactivity fees.
Revolut pros and cons.
| Pros |
Cons |
| • Free stock trading |
• Limited product portfolio |
| • Fast and easy account opening |
• Basic research and missing educational tools |
| • Great mobile trading platform |
• Poor customer service |
How much money can I keep on Revolut?
The maximum you can save in total across all your Savings Vaults is $250,000.
Is Revolut Russian?
Revolut cofounder Vlad Yatsenko is Ukrainian; both he and Storonsky have British passports. They’re closing the company’s Moscow office, according to a person familiar with the plan.
Which bank is behind Revolut?
Revolut is a British financial technology company that offers banking services. Headquartered in London, it was founded in 2015 by Nikolay Storonsky and Vlad Yatsenko.
Revolut.
| Type |
Private |
| Industry |
Financial technology |
| Founded |
1 July 2015 |
| Founder |
Nikolay Storonsky Vlad Yatsenko |
| Headquarters |
London, England, UK |
Is Revolut better than PayPal?
In summary, Revolut is better than PayPal for international money transfers and travel money. As long as you keep below the account’s tier fee free threshold, Revolut is a great choice. PayPal’s merchant solution makes it easy for online merchants to charge for their services.
What country owns Revolut?
Revolut is a UK-headquartered fintech company which launched in 2015 and has over 20 million customers worldwide, almost two million of whom are in Ireland. Revolut is oftentimes referred to as a ‘digital bank’, with all its services being carried out through its mobile app.
Can the government track Revolut?
Revolut, as a financial institution, is required by law to collect and report information on your tax residencies. This is regulated by international standards, specifically CRS (Common Reporting Standard) and FATCA (Foreign Account Tax Compliance Act).