How to Buy Crypto with Revolut in 2023 – These platforms offer a wider range of cryptocurrencies, lower fees, and the ability to withdraw your crypto to an external wallet. However, they also require more verification and may be more complex to use than Revolut.
Ultimately, the best platform for you will depend on your individual needs and preferences. If you are a beginner and want a simple and easy way to buy crypto, then Revolut may be a good option for you. However, if you are looking for a more comprehensive platform with lower fees and the ability to withdraw your crypto to an external wallet, then you may want to consider one of the other platforms listed above.
Here is a step-by-step guide on how to buy crypto with Revolut in 2023:
- Open a Revolut account. If you don’t already have a Revolut account, you can create one for free.
- Verify your identity. Revolut requires you to verify your identity before you can buy crypto. You can do this by uploading a copy of your ID and a selfie.
- Deposit funds into your Revolut account. You can deposit funds into your Revolut account using a variety of methods, including bank transfer, debit card, or credit card.
- Buy crypto. Once you have funds in your Revolut account, you can start buying crypto. To do this, open the Revolut app and go to the “Crypto” tab. Select the cryptocurrency you want to buy and enter the amount you want to purchase. Revolut charges a 1.5% fee for crypto purchases.
- Store your crypto. Once you have bought crypto, you can store it in your Revolut account or withdraw it to a third-party wallet. Revolut does not offer staking or other features for earning interest on your crypto.
Here are some additional things to keep in mind when buying crypto with Revolut:
- Revolut only offers a limited number of cryptocurrencies. As of August 2023, Revolut supports Bitcoin, Ethereum, Litecoin, Bitcoin Cash, XRP, and Stellar.
- Revolut does not offer margin trading or other advanced trading features.
- Revolut is not a regulated crypto exchange. This means that there is no government agency overseeing its operations.
It is important to do your own research before buying crypto with Revolut or any other platform. Cryptocurrencies are a volatile asset class and there is a risk of losing money.
