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Summary: We recommend buying Bitcoin and other cryptocurrencies via eToro and Uphold as trading on the Revolut app comes with a HIGH 1.99% trading fee. Why pay that much when you can deposit funds to eToro and Uphold where the transaction fees range between 0.16% to 1%. These exchanges are also regulated in Europe which means that you can buy crypto with peace of mind. They are perfect for beginner to intermediate traders who look for a simple way to buy cryptocurrencies.
+80 Cryptos & Copy Trading
Virtual Demo Portfolio
Fast & Cheap Deposits
FinCEN & FINRA Regulated
+300 Cryptos & Staking
Fast & Cheap Deposits
100% Proof Of Reserves
Regulated in EU, US, UK, CA, AU
Revolut offers exposure to Bitcoin and 90 additional cryptocurrencies like Ethereum, Solana and more. Having said that, Revolut charges a steep 1.99% transaction fee that can easily be avoided by using third-party exchanges like eToro and Uphold. These two exchanges are secured, regulated and you can signup in minutes.
The first step is to signup to a cryptocurrency exchange and funds (USD, EUR, GBP etc) via ACH or card transfer. Bank deposits are in most cases free of charge and the funds usually arrive in one business day. After your deposit has arrived, you can buy Bitcoin, Ethereum, or any other cryptocurrency.
1. Signup and add your identity verification.
2. Deposit Funds via your Revolut account or credit card/debit card.
3. Start Buying once your deposit has arrived in your account.
While it’s awesome that Revolut allows customers to buy and sell cryptocurrencies such as Bitcoin and Ethereum, their current fee structure just make those services cost prohibative.
Revolut is a financial technology company that was launched in 2015 by Nikolay Storonsky and Vlad Yatsenko, two former Credit Suisse bankers. Revolut was designed to provide individuals and businesses with a better way to manage their finances.
Revolut offers a range of banking services which include free international money transfers and payments, prepaid debit cards and budgeting tools.
The core product of Revolut is a multi-currency current account that lets users open a bank account in any of the major currencies, including GBP, USD, EUR. Users can use this account to send and receive money in any of these currencies, and the app will automatically convert the money into the desired currency.
Its fees are also lower than traditional banks and the company has also seen success with their virtual and physical cards, real-time analytics, and automated accounting.
As of 2021, the company has over 20 million customers spread across Europe, Australia, New Zealand, the United States, Canada, Japan and Singapore. In 2020, Revolut raised $580 million in Series D funding, bringing the total capital the company has raised to over $800 million.
+80 Cryptos & Copy Trading
Virtual Demo Portfolio
Fast & Cheap Deposits
FinCEN & FINRA Regulated
+300 Cryptos & Staking
Fast & Cheap Deposits
100% Proof Of Reserves
Regulated in EU, US, UK, CA, AU
350+ Cryptocurrencies
Low trading fees (0.1%)
Spot, Perps & 125X Leverage
Cheap crypto withdrawals
+350 Cryptocurrencies
Low Trading Fees (0.8%)
Spot, Perps & 100X Leverage
Cheap crypto withdrawals
