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.

Discussion
Would you recommend this product?
88 Reviews2.2/5

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).

Pros:

easy to buy

Cons:

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

Upvote (37)Share

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.

Pros:

Cheap

Cons:

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

Upvote (38)Share
No way... Thanks for this insight.
MakerHiring
Hey @syck, we've partnered with the leading crypto exchanges, Gdax and Bitstamp, and only apply a 1.5% mark up on the real exchange rate. Based on our research this allows us to offer our customers to buy and sell Bitcoin at a better rate than with Coinbase & co.

So Revolut App launches crypto support but offers no way to transfer your coin to another wallet.... So how can I buy stuff in BTC with this?

Use support in-app to cancel your premium membership if like me you you only got it on the assumption crypto would be treated like fiat.

Pros:

Chea, Great UI

Cons:

Not your coin, you can't move it to another wallet - renders it useless

Upvote (10)Share
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...
Upvote (10)Share
MakerHiring
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.
@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!
@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.
@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)

Please please allow us to buy crypto and send to other wallets. This is not a nice to have feature, it's a must have.

I wanted to sign up my whole company to a Business account but now this has made me stop.

When will we be able to send cryptos out of revolut?

Pros:

One of the best signup experiences ever, very cool app

Cons:

It seems that I cant send my crypto currency to my other wallets outside Revolut - Gutted!

Upvote (15)Share
I agree, if you don't have a wallet address and can't send and receive from other wallets, then are you really buying coins? or is it all a bit fake? It's not a nice to have, its a must.
Hi guys- thought id found the intermediary between the exchanges and high street banks but havent tested the crypto account yet. Are you guys confirming that no third party wallet access exists? I'm looking to withdraw from my trading wallet. Trade wallet BTC > Revolut > High Street bank GBP ..... anyone else cracked this without silly SEPA / Banking fees?