With countless apps vying for attention in the crypto space, finding a reliable and user-friendly platform can be daunting. Revolut has emerged as a standout in digital banking, blending simplicity with innovation—but how does it fare for cryptocurrency enthusiasts?
This guide delves into Revolut’s crypto offerings, covering services, security, fees, and unique features. By the end, you’ll know whether Revolut aligns with your crypto needs.
Key Takeaways
- User-Friendly Interface: Revolut’s mobile app simplifies crypto management with intuitive navigation.
- Diverse Cryptocurrency Support: Trade 200+ tokens, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
- Regulated Security: Licensed by financial authorities like the UK’s FCA, ensuring fund safety.
- Global Limitations: Services may not be available in all regions; check local availability.
What Is Revolut?
Founded in 2015, Revolut is a digital bank offering traditional banking, stock trading, and cryptocurrency services. Its app helps users track spending, automate savings, and invest in assets like crypto—all from one platform.
Revolut at a Glance
- Founded: 2017
- Headquarters: London, England
- Crypto Launch: 2017
Key Features:
- Instant fiat/crypto transfers
- Crypto vaults for asset organization
- Tax reporting via Koinly integration
- Educational "Learn & Earn" courses
👉 Explore Revolut’s crypto services
Revolut Crypto Services
Revolut’s crypto features cater to both beginners and seasoned traders:
1. Supported Cryptocurrencies
- Retail Users: 200+ tokens (e.g., BTC, ETH, MATIC).
- Business Accounts: 170+ tokens (expanding to 200+).
2. Trading & Transfers
- Buy/Sell: Market, recurring, and "spare change" round-up purchases.
Deposits/Withdrawals:
- Fees: Free deposits; withdrawal fees start at £1 (+ network fees).
- Limits: Up to £250k daily for eligible users.
3. Crypto Card Payments
Spend crypto seamlessly—Revolut converts holdings to fiat at checkout. Refunds are processed in fiat.
4. Staking
Earn rewards by staking PoS tokens like ETH, ADA, and SOL (retail users only).
5. Revolut X Exchange
Launched in 2024, this advanced trading platform offers:
- 0% maker fees
- Real-time analytics via TradingView
- Limit/market orders
Revolut Wallet: Security & Fees
- Cold Storage: Funds stored offline for enhanced security.
- Fees: Network charges apply for transfers; withdrawal fees vary by blockchain.
User Experience
- Mobile App: Intuitive design with full crypto/fiat management.
- Customer Support: 24/7 live chat and help center.
Pros & Cons
✅ Pros
- All-in-one financial app
- Strong regulatory compliance
- Supports major cryptocurrencies
❌ Cons
- High trading fees vs. dedicated exchanges
- No desktop trading (mobile-only)
- Geographic restrictions
FAQs
1. Is Revolut good for crypto?
It’s convenient for beginners but may lack advanced features for pros.
2. Can I transfer crypto from Binance to Revolut?
Yes, if the token is supported—check Revolut’s list first.
3. What are Revolut’s staking rewards?
Varies by token; ETH staking is currently available.
👉 Start trading crypto with Revolut
Final Verdict
Revolut excels in accessibility and security but may fall short for high-volume traders due to fees. For a balanced mix of banking and crypto, it’s a strong contender—explore alternatives if low costs are your priority.