Sep 09, · Warning to UK users - don’t use Revolut to buy Bitcoin So Revolut (mobile bank) recently introduced cryptocurrency trading within their app for a smal % fee. Revolut introduces the easiest and fastest way to buy, hold and exchange Bitcoin, Ether and Litecoin at the best possible exchange rate. Go from cash to crypto, in seconds Investing in cryptocurrencies is simple, accessible and lightening fast with Revolut. Purchasing Bitcoin, Bitcoin Cash, Ethereum and Litecoin is simple, accessible, and fast with Revolut. Buy and sell instantly, keeping track of everything in-app in realtime. Discover the convenient way to buy Crypto. Download our app rated 5 stars by 1M+ people.
Revolut bitcoin tradingBitcoin Trading - Revolut Community
Any idea wjat i could be doing wrong. Ive got a coinbase account i just want to transfer euros to it vie resolut. Hi guys! Have you got any news regarding this topic? I want to buy bitcoins on localbitcoins.
Revolut Ltd No. Bitcoin Trading. My questions are this. Can I send money from Revolut to Bitcoin exchanges such as Coinbase? Can I receive money from a Bitcoin exchange such as Coinbase? Oh and i know its revolut but it auto corrected it. Using the VWAP means that short-lived price movements are not reflected in cryptocurrency prices.
Revolut adds a 2. Because of this, Revolut handles all the necessary currency conversion behind the scenes. This is all handled at the interbank rate during normal working hours on weekdays. Your balance is recorded on their internal ledger. Will Revolut allow you to deposit and withdraw cryptocurrency in the future? Revolut originally launched its in-app cryptocurrency exchange in December Can I spend cryptocurrency stored on Revolut?
Although posts like this have popped up on Reddit , you cannot pay in cryptocurrency when using your Revolut card. Bitcoin and you buy a coffee at Starbucks, Revolut will automatically exchange the cryptocurrency back into the local currency and then send that over to Starbucks to pay for your coffee.
However, Revolut removed this functionality on 27th July This means that if you only have cryptocurrency in your Revolut account and attempt to make a purchase, it will be declined. And it gets better! Funds received by us in relation to cryptocurrency transactions will not be safeguarded as is the case for fiat currency transactions pursuant to our obligations under the UK Electronic Money Regulations Any cryptocurrency we hold for you is not covered by the Financial Services Compensation Scheme.
Great stuff. Using Revolut is just like leaving your funds on any other cryptocurrency exchange. Hell, it happens every year! Nothing more. It might be an easy on-ramp for your initial purchase — something which motivates you to find out more about Bitcoin BTC and other cryptocurrencies.
There are real cryptocurrency exchanges that are just as easy to setup and use. Check out this popular post. I have a question on the FSCS bit. The question is: are there any other places e. You will absolutely face the same risk on cryptocurrency exchanges. However, I would feel better leaving funds with an established, reputable, regulated company that has a good track record and ideally has some form of insurance. If you want to learn more about Gemini only recently available in the UK , check out my Gemini review.
Hi I just buy a cryptocurrency in revolut how can I I widraw or atleast transfer them to any other account. No, Revolut still does not allow you to withdraw cryptocurrency you buy using their app. Check out this post for a list of just some of the options out there.
Tried to access my account, but an error message pops each time. Any thoughts or tips?. Thanks a lot! Awkward situation. The best thing you can do is to send them a ticket explaining this and wait for them to get back to you. See here for information on that. Is this normal this gap? Check out this post for more information on the best overall options.
This charges 1. Do you think I should take everything out resolut and move to coinbase? I want to invest long term. There are a few reasons why the community is against this e. The fees have also continued to get worse now 2. There are some great options in Europe with lower fees that allow you to withdraw it to your own wallet should you wish to. Kraken is an option that has a good reputation and low fees — but there are alternatives like Luno which I really like quick verification, easier to use, great mobile app.
If you want to buy BTC that you can withdraw to your own wallet, then check out this post.