How to Buy Bitcoin with Revolut?

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Revolut is an excellent digital banking application that gives its users traditional financial
services without ever visiting a bank branch. Revolut’s application offers its customers a
personal bank account in the UK and Europe and a pre-paid debit card.


Having a bank account in the UK and Europe makes money transferring process efficient. The
pre-paid debit card it offers is either Visa or MasterCard, based on your geographical location.
Revolut is a digital bank, so you won’t have any physical branches to visit.


The Revolut app is your bank. Revolut has also incorporated the cryptocurrency feature in its
application, allowing the users to buy, hold, and sell five different cryptocurrencies. If you are
thinking to buy Bitcoin with Revolut, here’s how you should do it:


Revolut’s Built-in Cryptocurrency Feature
Since Revolut comes with an additional perk of built-in cryptocurrency buying and selling
features, you won’t have to visit another platform for your crypto needs. Follow these steps to
start buying Bitcoins with Revolut:


1. Open Your Account With Revolut


Download the Revolut application on your Android or iOS device from their respective app
mobile stores. It is because Revolut doesn’t have a desktop application. So, you will need to
download the application on your mobile phone.
To open your account, Revolut will ask for some personal information, including home address,
legal name, date of birth, email address, etc.


2. Verify Yourself


Revolut will ask you to take a selfie and upload a scan of your government-issued ID card
(either a passport or a driving license). Revolut has cutting-edge technology integrated into its
app, making the verification process smooth and requiring only a few minutes.


3. Transfer the Funds


Now you need to deposit funds into your Revolut account. You can use a bank transfer (SWIFT,
SEPA, or UK Faster Payments) or a credit or debit card. If you use a debit/credit card, the
process will be instant, and you can start the process to buy Bitcoin with Revolut process.


4. Buy Your Bitcoin


Now that you have a fully verified Revolut account with sufficient funds in it, it is time to buy
Bitcoins with it. Within the mobile application, click on the “More” option. Then select


“Cryptocurrencies.”


A drop-down list will appear. Choose your fiat currency from that list and the cryptocurrency as
well that you want to invest in. In this case, the cryptocurrency is Bitcoin. Lastly, enter the
amount you to buy the Bitcoin for to finalize the trade.


Pros of Buying BTC with Revolut


● Very easy to invest in cryptocurrencies from within the banking application
● Quick, reliable international payments available in different currencies
● Stays updated all the time
● Has every Bitcoin feature you need


Cons of Buying BTC with Revolut


● You can invest in cryptocurrencies, but you don’t own them. Revolut doesn’t let you
transfer or sell the cryptocurrency to another wallet or buyers from other platforms.
Revolut sellers can only sell Bitcoins to Revolut buyers.
● Best features require membership
● No interest earning on your cryptocurrencies
● 0.5% to 1.5% markup on crypto purchasing and selling


How to Buy Bitcoin with Revolut Using Other Platforms


1. Choose a P2P Crypto Exchange


Choose any online platform that supports Revolut as its payment gateway. Otherwise, you won’t
be able to purchase any bitcoin.


2. Sign-up with the Platform


The platform you chose, sign up with them using your email address.


3. Find a BTC Seller


Enter the amount and currency in the search option to look for Bitcoin sellers in your desired
currency. A list will appear of different sellers. Select a seller who accepts Revolut as the
payment option.


4. Make a Deal with the Seller


Click on the chosen seller’s profile and start a trade. Read their terms and conditions very
carefully to successfully make your Bitcoin purchase.


5. Pay with Revolut


Using your Revolut application, start the transaction. Enter the IBAN to transfer the amount to
your seller. Add their name, address, phone number, email address, and other important
information that Revolut asks for. Pay with your Revolut bank account to complete the
transaction.

6. Get Your Bitcoins


After you make a successful transaction, the bitcoins will enter your digital wallet securely.
Everything you needed to know to buy Bitcoin with Revolut is in this short guide. Follow these
steps to start trading bitcoins.