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How To Buy Bitcoin With Revolut

By Ehis Ohiwerei - Updated 21 July 2023
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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. 

How To Buy Bitcoin With Revolut On Third Party Platforms

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.

1. Choose A Platform

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.

1
Min Deposit
$ 100
User Score
5
CFDs on BTC, ETH, LTC, NEO, XRP, IOTA, EOS, BAB, ADA, TRX, XMR
No need to open a crypto exchange account or use a special wallet
Regulated Broker - FCA, ASIC, CySEC (license number 250/14)
Visit Site
Description:
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)
Payment Methods:
American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill
Full Regulations:
ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2. Fund Your Account With Revolut

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.

3. Buy Bitcoin

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.

How To Buy Bitcoin With Revolut

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: 

1. Download And Set Up The Revolut App:

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. 

2. Enable Cryptocurrency Features:

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. 

3. Purchase Bitcoin From Revolut:

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.

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Where To Buy Bitcoin With Revolut

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.

1
Min Deposit
$ 100
User Score
5
CFDs on BTC, ETH, LTC, NEO, XRP, IOTA, EOS, BAB, ADA, TRX, XMR
No need to open a crypto exchange account or use a special wallet
Regulated Broker - FCA, ASIC, CySEC (license number 250/14)
Visit Site
Description:
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)
Payment Methods:
American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill
Full Regulations:
ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
2
Min Deposit
$ 10
User Score
4.95
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Open Account
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
CySEC, FCA
3
Min Deposit
$ 1
Promotion
User Score
4.8
Offers trading for over 180 cryptocurrencies, making it one of the exchanges with the broadest selection of tradable assets
Binance provides a cost-efficient trading experience, with a maximum fee of 0.1% for makers and takers
Supports advanced trading features, including futures trading with up to 125x leverage and margin trading with up to 3x leverage
Visit Site
Description:
Binance is a prominent global cryptocurrency exchange platform that provides a venue for buying, selling, and trading a vast array of digital currencies. Founded in 2017, it has quickly risen to become one of the largest platforms in terms of trading volume. Binance offers a variety of services including a crypto wallet, margin trading, and futures trading, catering to a diverse user base from casual traders to institutional investors.
Payment Methods:
Banxa, Credit Card, Cryptocurrencies, Debit Card, Mastercard, Simplex, Visa
Full Regulations:

Pros And Cons Of Using Revolut 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.

Pros

  • Convenience: Revolut provides a user-friendly and accessible platform for buying Bitcoin. The process is streamlined, and you can manage your cryptocurrency alongside traditional banking services, all within a single app.
  • Integration with Fiat Accounts: Revolut lets you link your Fiat bank accounts and easily convert your funds into Bitcoin. This integration makes it convenient to transfer money and buy Bitcoin without the need for separate accounts or exchanges.
  • Real-Time Price Alerts: Revolut offers real-time price alerts for cryptocurrencies, including Bitcoin. You can set up notifications to stay informed about price fluctuations, enabling you to make timely investment decisions.

Cons

  • Limited Control of Private Keys: When buying Bitcoin through Revolut, you do not have direct control over the private keys associated with your cryptocurrency. This means that you rely on Revolut's security measures, which may not align with the principles of decentralization and self-custody upheld by the broader cryptocurrency community.
  • Restricted Transfer to External Wallets: At times, Revolut restricts the transfer of Bitcoin to external wallets, which means you may be unable to withdraw your Bitcoin to a separate wallet of your choice. This limitation could be problematic if you prefer storing your cryptocurrencies in a personal wallet for enhanced security.
  • Possible Fees and Limitations: While Revolut offers competitive exchange rates, it may impose fees and limitations on cryptocurrency transactions. These fees can vary based on transaction size, currency conversion, and account type. Reviewing and understanding Revolut's fee structure before buying Bitcoin is crucial.

Is Buying Bitcoin With Revolut Right For Me?

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.

 

Is Buying Bitcoin With Revolut Safe?

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.

 

Can You Buy Bitcoin With Revolut?

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.

 

Fees For Buying Bitcoin With Revolut

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.

 

What Are The Alternative Methods To Buy Bitcoin?

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.

FAQs

Is it easy to buy Bitcoin with Revolut?
Yes, buying Bitcoin with Revolut is generally considered easy.
Can I buy other cryptocurrencies with Revolut?
Yes, besides Bitcoin, Revolut supports several different cryptocurrencies.
Can I buy Bitcoin with Revolut instantly?
Yes, Revolut allows for instant purchases of Bitcoin.
Can I buy Bitcoin with Revolut anonymously?
No, buying Bitcoin with Revolut cannot be done anonymously.