Revolut Cryptocurrency

Buy Bitcoin & co with the best possible exchange rate in 30s

#2 Product of the DayDecember 07, 2017

Revolut introduces the easiest, fastest way to buy, hold and exchange Bitcoin, Ether and Litecoin at the best possible exchange rate.

Reviews

  • Pros: 

    Cheap

    Cons: 

    You can't sell your cryptos anyone but only to Revolut.

    Do not use Revolut cryptos, it's not your crypto, it is just a number in the Revolut app. No market, no market price just Revolut price. And price come from Revolut.

    You can't move your BTC/LTC/ETH your wallet. It's fixed to Revolut's centralized wallet.

    syck has used this product for one day.
    Comments (5)
  • Bruno Crosier
    Bruno CrosierI have no idea what I'm doing 🐕
    Pros: 

    easy to buy

    Cons: 

    you don't own the crypto / can't send it to another wallet

    This is very dangerous. Revolut may get hacked like nicehash did yesterday, and you lose all your BTC. Plus, you can't trade it with anyone apart from Revolut (ie. you can't choose which exchange to sell it on).

    Bruno Crosier has used this product for one year.
    Comments (0)

Discussion

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Ettore Tortora
Ettore Tortora@ettoretortora · Product Designer
I'm a long time user of Revolut. It's a great service, killer UI and makes my life in the UK easier BUT there are tons of problems that they still need to fix, like the fact that often you can't use your card because their 3rd part card processor service is always down. I was hyped to check out the new Cryptocurrency feature, they've done some good PR on their twitter and FB but apparently, you can only use this feature if you're a Premium user (paying a monthly fee for few extra features - not really useful). This or you can invite 3 friends to unlock the feature. I'm not a premium user but I've invited 6 friends in the last 2 years although they don't seem to care about this. Real bummer...
Val Scholz
Val ScholzMakerHiring@valscholz · Head of Engagement @revolutapp
Hey @error23_ , Can you send us a DM on our twitter account? We'll check your case and unlock crypto for you if that's the case. Additionally, our team is working hard on bringing processing in-house to prevent future downtimes. We expect this to happen in early 2018.
Ettore Tortora
Ettore Tortora@ettoretortora · Product Designer
@valscholz Thank you, I will. I hope to see the in-house processor soon. EDIT: Great customer service on Twitter, they activated the feature in few minutes! Thanks again!
Matthew Clementson
Matthew Clementson@matthew_clementson · Growth, Product @ Hu:toma AI
@valscholz I’ve also invited plenty of users over the 2 users I’ve had been using the service! I’ll also send a tweet. Nice work, looking forward to using it. Ps please ask the team to look at the customer support process. Closing tickets overnight for non premium users who only have support until 10pm is not cool.
Kim Schulz
Kim Schulz@kimschulz · Staff Engineer, Software
@error23_ I was kinda annoyed to see that the crypto feature was a premium only feature. The price for the few extra features is extremely high for what they offer if you ask me. There are plenty of other ways they can already earn money on this business model - why not set these features free and instead get a lot more users (mastercard normally pay per user-signup so that alone would give a better revenue)
Val Scholz
Val ScholzMakerHiring@valscholz · Head of Engagement @revolutapp
We wanted to open up cryptocurrency exposure to everyone and not just the enthusiasts. We’ve simplified the complex signup process, removed the high fees and brought cryptocurrency exposure to everyone at the touch of a button. 📲
Adithya Shreshti
Adithya Shreshti@adithya · Founder of Knowmad Life | Startuposphere
@valscholz Doesn’t Revolut work in India? I tried signing up with my mobile number, I did not get the verification code even after multiple tries. I used my US number, received a verification code instantly. I prefer opening an account with my Indian number.
Val Scholz
Val ScholzMakerHiring@valscholz · Head of Engagement @revolutapp
Hey @adithya, We're monitoring closely the Indian market but don't have a release date yet. We'll be launching our service in the U.S. in early 2018.
Alexandra Larson
Alexandra Larson@kingofpotatoes · Mathematics and weed
@valscholz No you didn't. Not being able to transfer cryptos to personal wallets / addresses shadows all the nice features you have just described.
Jp Valery
Jp Valery@jpvalery · Customer Success @ LANDR / Ex-Gameloft
Hey Val - congrats on launching! I’m just wondering, how are you dealing with people in north America ? My experience so far with the app and the customer service as à French living in Canada has been far from enjoyable and it feels like Canadian and US residents are not a priority. Is this going to be the same with the crypto service?
Val Scholz
Val ScholzMakerHiring@valscholz · Head of Engagement @revolutapp
Hey @jpvalery, As we're launching in the U.S. and Canada in early 2018, we'll also be expanding our support team to be able to offer 24/7 support to all of our customers.
Jp Valery
Jp Valery@jpvalery · Customer Success @ LANDR / Ex-Gameloft
@valscholz it wasn’t about availability but consistency and helpfulness 😄 I’m really looking forward to be able to use the app here, and buy/sell my cryptos (since Coinbase still doesn’t allow us Canadians to sell our BTC/ETH/LTC,...).
Ravishankar
Ravishankar@r_ravishankar · Director, Front end Enthusiast
Nice and Simple UI Well done Revolut 👍
Val Scholz
Val ScholzMakerHiring@valscholz · Head of Engagement @revolutapp
@r_ravishankar Thanks! We're glad you like it :)
Devan Koshal
Devan Koshal@devankoshal · CEO & Product @ Chec
Big fan of Revolut, premium user here since the first day I signed up. Use them more than any of my current accounts. Being from the UK, currently living in Canada, and making frequent trips to the UK/US the multi currency support has been flawless. Great work guys.