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How to Buy Crypto with Revolut

How to Buy Crypto with Revolut

Discover whether buying crypto with Revolut fits your needs, with insights into fees and regulatory considerations.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Summary: Revolut provides an easy-to-use platform that supports trading in over 120 cryptocurrencies, making it an attractive choice for beginners or those who value convenience. However, its relatively high transaction fees, up to 1.5% depending on the subscription plan, along with the absence of Financial Conduct Authority (FCA) regulation, are important considerations.

For UK and EU investors looking for more competitive fees and assured regulatory compliance, eToro stands out as a preferable option. Selecting between Revolut and alternative platforms should ultimately reflect personal priorities regarding cost efficiency, user experience, and regulatory safeguards.

Top Platform for Revolut Accounts
5.0 out of 5.0 by Datawallet
eToro is the best alternative to Revolut for crypto due to its FCA-regulated platform, extensive range of over 4,500 assets, and zero trading fees with competitive spreads.
Licensing & Regulation
The FCA, CySEC and other Tier-1 Regulators.
Available Assets
Over 4,500 Cryptos, Stocks, ETFs and more.
Deposit Methods
Bank Transfer, SEPA, Debit Card, Credit Card and more.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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Can I Buy Crypto with Revolut?

Yes, Revolut offers a feature for trading digital assets directly through its app, with support for over 120 cryptocurrencies, including major ones like Bitcoin, Ethereum, and Solana, alongside various altcoins.

Be mindful, though, that Revolut imposes a 1.5% transaction fee on trades, a rate that is higher than many other platforms. Additionally, it's crucial to understand that Revolut's cryptocurrency services are not regulated by the Financial Conduct Authority (FCA), a significant consideration for users engaging in crypto transactions through the platform.

How to Buy Crypto with Revolut

To purchase Bitcoin and other cryptocurrencies through Revolut, start by transferring fiat money from your bank account to a trusted cryptocurrency exchange in your region. We recommend eToro for UK & EU investors for its regulatory compliance, seamless and economical Revolut deposit capabilities, and its extensive range of over 4,500 tradeable assets.

Follow this brief guide to begin:

  1. Register and Verify on eToro: Navigate to the eToro website, create an account, and complete the verification steps.
  2. Initiate a Deposit: Select the 'Deposit Funds' button on the lower left side of the eToro dashboard.
  3. Select Currency and Payment Method: Choose your fiat currency (like GBP or EUR) and a payment method (such as Bank Transfer), then transfer funds from your Revolut account.
  4. Complete Your Investment: After your eToro account reflects your deposit, allocate these funds to purchase the cryptocurrencies you want.

Revolut Crypto Fees

Grasping the cost structure for cryptocurrency transactions on Revolut is essential, especially since it generally surpasses those of many competing digital asset platforms. The fees you encounter depend on your product plan, with costs ranging up to 11 Euros per month. Subscribers of Premium or Metal plans deal with a 1.49% fee, reflecting the premium nature of these options. Conversely, those on Standard and Plus plans are charged a 3% fee per transaction.

By contrast, platforms like eToro tend to be more economical, boasting more competitive rates and reduced overall costs. Typically, eToro offers about a 1% spread on a wide selection of digital assets.

Is Revolut Good for Crypto?

Revolut offers a straightforward platform that supports trading for more than 120 cryptocurrencies. This user-friendliness makes it an appealing choice for newcomers or those prioritizing convenience in their crypto transactions. However, the platform's fees are relatively high, particularly for users with Standard and Plus plans, which might deter frequent traders due to the higher costs.

For casual investors who value simplicity and ease, Revolut could be fitting. Meanwhile, those more sensitive to fees or who trade often should consider other platforms that offer lower transaction costs.

Bottom Line

In conclusion, Revolut provides a user-friendly interface for trading a wide range of cryptocurrencies, making it a viable option for those new to the crypto market or those looking for trading convenience. However, its higher transaction fees and lack of regulation by the Financial Conduct Authority (FCA) may pose concerns for frequent traders and those seeking more competitive costs.

For those prioritizing lower fees and robust regulatory compliance, platforms like eToro might be a better fit. Always consider your trading frequency, cost sensitivity, and need for regulatory oversight when choosing a platform to ensure it aligns with your investment goals and risk tolerance.

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