Can I buy Crypto or Bitcoin on Revolut?
Revolut currently offers Bitcoin, Ethereum, Solana and 30 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 eToro 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 eToro. Once linked to eToro, you will have access to multiple assets including cryptocurrencies, stocks, ETFs, FIAT currencies and much more.
Follow the below steps to get started:
- Step 1: Sign up to eToro UK and verify your identity .
- Step 2: Select ‘Deposit Funds’ and choose Bank Transfer as payment method and enter the amount of GBP you wish to deposit.
- Step 3: You will be redirected to their banking details page, simply copy their details into your Revolut banking app and send the desired amount to their bank.
- Step 4: Once your funds have arrived into your eToro account, visit the home page and search for the cryptocurrency you wish to purchase and select ‘Trade’.
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 a digital banking alternative that offers users a way to spend, save and invest their money with ease. The company was founded in 2015 by Nikolay Storonsky and Vlad Yatsenko, and since then has grown exponentially. Revolut now boasts over 10 million customers in 30 countries across the globe.
In the United Kingdom, Revolut offers personal accounts, business accounts and Metal accounts. Each account comes with its own set of benefits and perks. For example, all accounts come with a free UK current account, a contactless Mastercard or Visa debit card, fee-free foreign currency exchange and the ability to send and receive international payments.
Personal users also have access to features such as budgeting and goal setting, as well as a whole host of other financial tools. Business users, on the other hand, can take advantage of features such as Revolut for Teams, which allows businesses to manage their finances in one place, and Revolut Merchant Solutions, which helps businesses accept card payments.