How to Buy Crypto with Revolut

Can I Buy Bitcoin with Revolut?

Yes, Revolut allows users to buy Bitcoin and other cryptocurrencies through its platform. However, it operates on a subscription model with monthly plans ranging from £3.99 to £45. For this reason, we recommend sending money from your Revolut account to a digital asset exchange in the UK or Europe to safely invest in digital assets with low fees and in compliance with global regulations.

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How to Buy Crypto with Revolut Alternative

Revolut users can invest in digital assets like Bitcoin and Ethereum by transferring funds from their accounts to crypto trading platforms. We recommend using eToro, which is globally regulated, provides a multilingual interface in 24 languages, and accepts deposits in 30 fiat currencies. eToro offers access to over 4,500 digital currencies, stocks, ETFs, and commodities with competitive fees.

Here is a guide to investing in crypto through eToro:

1. Account Registration: Visit eToro's website and sign up for a new account using your email address.
2. Deposit Funds: Click ‘Deposit Funds’, choose your preferred currency, and transfer funds to the platform.
3. Find Asset: Use the search bar to locate the asset you want to invest in and click the ‘Trade’ button.‍
4. Finalize Investment: Enter the amount you wish to invest, select your desired cryptocurrency, and complete the transaction.

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What are the Fees?

Revolut is known for its extremely high fees, which is why we recommend going through a dedicated crypto trading platform. Understanding the fee structure is essential when using a digital asset exchange. Common fees include charges for deposits, trading, and withdrawals. Trading fees can vary significantly across platforms, typically ranging from 1% to 2%.

Revolut customers should consider using eToro. eToro does not charge any trading fees but applies a spread of 1% to crypto transactions. This is significantly lower than competitors like Coinbase, which charges upwards of 2%. Additionally, Euro deposits through SEPA are free on eToro, making it an attractive choice.

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About Revolut

‍Revolut is a financial technology company offering a range of digital banking services. Launched in 2015, Revolut provides features like international money transfers, cryptocurrency trading, and budget tracking through its app. Its products include the Revolut Metal card, which offers cashback and premium benefits, and Revolut Junior, which is designed for children to manage their finances with parental oversight.

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Bottom Line

In conclusion, while Revolut offers cryptocurrency investments, its subscription fees can be costly. For a more affordable trading experience, consider using eToro. With global regulatory compliance, multilingual support, and access to a wide range of assets, eToro provides a comprehensive platform for European investors. Transferring funds from Revolut to eToro can be a strategic choice for managing digital assets.