Does Revolut Support Crypto Buying?
Yes, it is possible to buy cryptocurrency directly on the Revolut platform. However, Revolut is not licensed or regulated in any country and stipulates this on its website. This means none of its assets are insured or secure on the platform. Additionally, it charges extremely high fees with a monthly subscription fee between £4 - £15, plus a crypto trading fee of 2% and spreads between 1% - 2%. We recommend using an FCA-licensed digital asset exchange to buy crypto, which is more secure and affordable.
What is the Best Crypto Exchange for Revolut?
Recognised for its low fees, security and dependability, eToro is considered the leading digital asset exchange in the UK. It boasts an extensive portfolio of assets, various GBP deposit options, a regulated trading environment and 24/7 customer support. As a multi-asset exchange, eToro provides users access to over 3000 assets spanning six categories, including crypto, shares, ETFs, fiat currencies, indices and commodities like Gold and Silver.
How to Buy Bitcoin or Crypto with Revolut
Revolut customers can deposit over 90 fiat currencies on eToro using several payment methods including Bank Transfers, Credit Cards, Debit Cards, PayPal, Skrill, Klarna, Sofort, Trustly, POLi and Neteller.
Begin your cryptocurrency investing journey with this short guide:
- Open a free account on eToro and complete the verification process.
- Click 'Deposit Funds', pick a method, and transfer funds from Revolut.
- Go to the search bar, locate the desired token, and click 'Trade'.
- Enter the amount you wish to purchase and click 'Open Trade'.
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What are the Fees?
Buying or selling a cryptocurrency on eToro will incur a 1% flat fee. There are no fees to deposit funds to the platform. However, forex charges are incurred as all transactions on eToro are made in USD. Fiat currency withdrawals are $5 per transaction, and crypto withdrawals differ depending on the token you are transferring.
What is Revolut?
Revolut is a pioneering digital banking and financial services company headquartered in London, United Kingdom. Established in 2015, it offers a broad array of banking services directly through a mobile app, including prepaid debit cards, fee-free international money transfers, and currency exchange. Known for its innovatively designed app and ease of use, Revolut has expanded its product range to encompass cryptocurrency trading, commission-free stock trading, and various personal financial products, such as savings vaults and budgeting tools.
With its powerful combination of cutting-edge technology and user-friendly services, Revolut is driving a revolutionary change in the banking industry, reshaping the way consumers manage their finances in the digital age. Its ever-growing user base, which spans over 30 countries, demonstrates the global impact of Revolut's mission to make financial services more inclusive, accessible, and transparent.
The Bottom Line
To recap, although Revolut does support cryptocurrency trading directly through its platform, we recommend avoiding it as it is not a secure environment to engage in crypto transactions. The best way for Revolut customers to invest in crypto is by transferring funds to a secure digital asset exchange like eToro. It is the safest and most trustworthy multi-asset exchange in the world boasting over 3000 assets with low investment fees.
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