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How to Buy Crypto with Revolut

How to Buy Crypto with Revolut

Summary: Revolut enables investors to purchase over 20 distinct cryptocurrencies, but it is among the costliest platforms for investing. The current trading fee for regular Revolut users is 2.5%, which is almost five times higher than the industry average.

If you seek an alternative multi-asset broker offering investments in both stocks and cryptocurrencies, consider Uphold. This licensed and regulated platform charges no trading fees and provides access to over 250 crypto assets. Additionally, Uphold is one of the few exchanges that offer audited proof-of-reserves and daily transparency reports.

Table of Contents

Best Crypto Alternative to Revolut

Platform Highlights

  • Trade over 220 Crypto Assets with fast and cheap multi-currency deposits (EUR, GBP, USD, AUD & More).
  • Regulated and Licensed by the Financial Conduct Authority (FCA), FinCEN and has audited Proof-of-Reserves for customer funds.
  • Offers multiple asset classes including Crypto, Stocks, ETFs, Metals and more.
Uphold - Revolut
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Audited Proof of Reserves
Audited Proof of Reserves

Can I buy Crypto or Bitcoin on Revolut?

Revolut currently offers Bitcoin, Ethereum, Solana and 20 other cryptocurrencies through their online banking app. That said, Revolut is one of the most expensive ways to invest in digital assets because of their high fees starting at 2.5% per trade. This makes them 5x more expensive than the industry average, which is typically between 0.1% and 0.5%.

We recommend that users avoid this method, and instead deposit funds from their Revolut Bank account to a regulated digital asset exchange. Platforms like Uphold charge zero fees and offer a significantly enhanced user experience.

How to buy Crypto with Revolut Bank

In this guide we will show you how to buy Bitcoin and other cryptocurrencies with your Revolut bank account. You will simply need to link your bank account to a regulated and licensed cryptocurrency exchange like Uphold. Once linked to Uphold, you will have access to multiple assets including cryptocurrencies, stocks, ETFs, FIAT currencies and much more. 

Their platform is also one of the few exchanges with an audited proof-of-reserves, highlighting that they keep customer deposits backed 100%. You can follow the steps below to get started with a trusted broker:

  1. Sign up to the Uphold exchange with your email and complete the verification process.
  2. Connect your GBP or EUR Bank account (or debit card/credit card) to Uphold by selecting the fiat currency you want to deposit on your dashboard.
  3. You can then select the 'connect bank' button to link your bank account to the platform and deposit any currency.
  4. Once the funds arrive, find the cryptocurrency you want to purchase and execute your trade.
Buy Crypto with a Revolut Bank Transfer.
Buy Crypto with a Revolut Bank Transfer.

Can I Stake Crypto on Revolut?

No, the Revolut Crypto app does not currently support native staking. This means you cannot deposit coins like ETH, USDC, USDT or SOL to earn interest and staking rewards by participating in network validation.

About Revolut Bank

Revolut is an innovative digital banking platform that provides users with a seamless way to manage, spend, and grow their finances. Established in 2015 by Nikolay Storonsky and Vlad Yatsenko, Revolut has experienced remarkable growth, now serving over 10 million customers across 30 countries worldwide.

In the UK, Revolut offers a variety of account options, including personal, business, and Metal accounts, each with its own unique benefits and features. All accounts include a complimentary UK current account, a contactless Mastercard or Visa debit card, zero-fee foreign currency exchange, and the capability to send and receive international payments.

Personal account holders can access an array of financial tools, such as budgeting and goal setting, to help manage their money more effectively. Business users, on the other hand, can leverage Revolut for Teams, a centralized financial management platform, and Revolut Merchant Solutions, a service that enables businesses to accept card payments with ease.

Revolut Bank.
Revolut Bank.

Final Thoughts

In conclusion, while Revolut does provide access to over 20 cryptocurrencies, its considerably high trading fees make it a less attractive option for investors seeking a cost-effective platform. Instead, we recommend using a regulated and licensed exchange like Uphold, which not only offers zero trading fees but also provides an extensive range of over 250 crypto assets, stocks, and ETFs. With audited proof-of-reserves and daily transparency reports, Uphold stands out as a reliable and affordable alternative to Revolut for your cryptocurrency investments.

Andrew Chen

Andrew Chen is a lead editor and auditor of content for Buy Bitcoin Bank, with a Masters of Computer Science and extensive knowledge in cryptocurrency and blockchain technology. He has helped ensure the accuracy and quality of the platform's educational resources for new and experienced investors in the crypto space.

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