Revolut is an easy-to-use crypto platform that offers many services. The platform makes it simple for people to buy and sell Bitcoin, which is a very popular cryptocurrency. Whether you know a lot about investing in cryptocurrency or you are just starting, Revolut makes it easy for anyone to join the Bitcoin revolution. In this article, we will talk about how to buy Bitcoin with Revolut and give crucial guidelines on how to use the platform.
Even though you can buy Bitcoin from Revolut directly, there are still third-party apps that allow you to buy Bitcoin with Revolut through them. Here is a simple 3 steps approach to getting that done successfully.
Select a trustworthy platform (like the one we suggest below) and click the registration button. Provide the required information in the registration form, and if needed, confirm your phone number or email address. Additionally, you might be asked to verify your identity by submitting a photo ID.
After your account has been successfully verified, navigate to the deposit page. Input the desired deposit amount and choose Revolut as the preferred payment method. Finally, click on the “Deposit” button to initiate the fund transfer.
Locate the trading pair on your platform that involves Bitcoin (BTC) and the currency you have in your account. Enter the desired purchase amount and click on the “Buy” or “Trade” button. Your Bitcoin will be swiftly transferred to your account.
Buying Bitcoin is pretty simple since Revolut primarily operates through its mobile application. To buy Bitcoin on Revolut, all you need to do is follow the simple steps highlighted below:
Start by downloading the Revolut app from your device’s app store. Once installed, sign up for an account and complete the registration process. To purchase Bitcoin, you will need funds in your Revolut account. You can add money to your account through various methods, such as bank transfers or linking a debit/credit card.
Before you can buy Bitcoin, you need to activate the cryptocurrency features within the Revolut app. To do this, go to the app’s settings and enable the “Cryptocurrencies” option. Once the cryptocurrency feature is enabled, you can access the cryptocurrency section within the app.
In the cryptocurrency section, choose Bitcoin from the list of available cryptocurrencies and specify the amount of Bitcoin you want to purchase. You can enter the amount in Bitcoin or your local fiat currency, and Revolut will automatically convert it. Review the details of your purchase, including the exchange rate and any applicable fees. Once you are satisfied, confirm the purchase. Revolut will deduct the corresponding amount from your account to buy Bitcoin.
When deciding on a crypto platform, your choice may depend on fees and available features that align with your preferences. To simplify the process, we have compiled a list and compared the top-rated and most secure platforms for purchasing Bitcoin. Below are our recommendations for the best places to buy Bitcoin.
Consider these pros and cons when deciding whether to use Revolut to buy Bitcoin. It’s always advisable to conduct further research and compare alternative platforms to ensure they align with your needs and preferences.
Deciding whether buying Bitcoin with Revolut is suitable for you involves considering several factors. Firstly, if you value convenience and a user-friendly experience, Revolut’s platform may be suitable. It integrates traditional banking services with cryptocurrency, allowing you to manage both in one app. Additionally, Revolut’s licensing and compliance can provide peace of mind if you prefer a regulated and secure environment.
However, there are aspects to consider. Suppose you prioritize control over your private keys or the ability to transfer Bitcoin to external wallets. In that case, Revolut’s limitations may not align with your preferences. Moreover, suppose you aim to diversify beyond Bitcoin or seek a platform with extensive cryptocurrency options. In that case, Revolut’s selection may need to be revised. Lastly, it’s essential to assess the fees and restrictions imposed by Revolut on cryptocurrency transactions, ensuring they are acceptable for your investment strategy.
Buying Bitcoin with Revolut is generally considered safe due to several factors. First, Revolut is a licensed and regulated financial institution, which means it operates within the framework of established regulations and undergoes regular audits. This regulatory oversight provides a certain level of security and accountability for users. Additionally, Revolut implements security measures such as two-factor authentication, encryption, and biometric login, which help protect user accounts and sensitive information from unauthorised access.
Revolut has a track record of maintaining a robust and secure platform. The company invests in advanced technology and employs industry best practices to safeguard user funds and data. While no system is entirely immune to risks, Revolut’s security measures and regulatory compliance instil confidence among users who choose to buy Bitcoin through their platform.
To answer the most important question in this article, YES, you can buy Bitcoin with Revolut. Revolut is a popular fintech app that offers various financial services, including the ability to buy and sell cryptocurrencies like Bitcoin. With Revolut, you can easily convert your fiat currency into Bitcoin and vice versa, all within the app’s user-friendly interface. It provides a convenient and accessible way for individuals to enter the world of cryptocurrencies and take advantage of their potential benefits. If you’re interested in investing in Bitcoin, Revolut is a viable option.
When buying Bitcoin with Revolut, knowing the associated fees is essential. As a user, it is important to know that fee structures and percentages can change over time. So, it’s essential to refer to Revolut’s official website or contact their customer support for the latest and most detailed fee information before buying Bitcoin with Revolut. Here is a brief overview of the fees involved:
Fee Type
Description
Exchange Rate Markup
Revolut applies a markup to the exchange rate when converting your fiat currency to Bitcoin. The exact percentage markup may vary, typically around 0.5% to 2%.
Crypto Services Fee
Revolut charges a fee for its cryptocurrency services. The fee structure depends on the type of account you have. Standard users may incur a 1.5% to 2.5% fee for cryptocurrency transactions. In contrast, premium and metal users may have reduced fees or even fee-free allowances. The fee percentage may vary based on market conditions and transaction size.
Additional Charges
Revolut may apply additional charges for particular services or transactions related to buying Bitcoin. These charges can include account top-ups using specific payment methods or withdrawal fees if you transfer your Bitcoin to an external wallet. It’s crucial to review Revolut’s fee schedule and terms of service for the most accurate and up-to-date information.
When purchasing Bitcoin, you have various alternatives available, whether you prefer online payment providers or more conventional methods. Below are different options for paying for your Bitcoin purchase.