We’ve just unlocked cryptocurrencies 4U

iodoorclubmunich (49)in #crypto • 6 years ago (edited)

Admit it - you read that subject line and got a little too excited, right?

Well, today is your lucky day, we’ve just unlocked cryptocurrencies for your existing of future account.

Simply head on over to the app, accept the terms and conditions and you can instantly exchange to Bitcoin, Litecoin and Ethereum at some of the best possible rates.

You can also transfer your cryptocurrency instantly and for free to other Revolut customers or even pay for your morning latte with your cryptocurrency!

Common questions on Revolut Crypto:

1. How do you calculate the Revolut Crypto exchange rate?

We only charge a simple, low-cost 1.5% markup on the average exchange price that we get from our exchange partners. This essentially means that we take the average price of the Crypto currently being sold on our partner’s exchange platform, then add on our 1.5% fee.

We don’t use the rate that you might find on Google, as this is an indicative rate averaged across a number of different exchange platforms. It’s actually near impossible to buy Crypto, from anywhere, at this rate!
You can read more about this in our blog post:
here (what-you-really-need-to-know-about-Revolut-crypto-rates).

2. Can I send my Revolut Crypto to an external wallet?

Currently, you can only transfer your Crypto to other users within the Revolut app. It’s not possible to send your Crypto to an external wallet.

We launched Revolut Crypto to make it easier for almost anyone, anywhere, to buy and exchange cryptocurrencies at some of the best available rates. You can instantly exchange any of our 25 fiat currencies in Crypto and back at the touch of a button.

There’s no need to worry about how to secure your Crypto, blockchain or private keys - as the value of your exposure is securely stored within your Revolut wallet. This approach makes cryptocurrency much more accessible, and appealing, to the wider population.

3. Can I top-up my Revolut account with Crypto from an external wallet?

You can buy Crypto by exchanging from any of our 25 fiat currencies into Bitcoin, Litecoin and Ether. Simply top-up your Revolut account with a bank card or by bank transfer, and convert your fiat balance into Crypto in the Exchange section of the app.

It’s not possible to load your Revolut account with Crypto from an external wallet. Revolut buys Crypto from our exchange partners on your behalf, so you don’t have to worry about the hassle of private keys.

4. Which cryptocurrencies are available and when will you add more?

You can buy Bitcoin, Litecoin and Ether. We hope to integrate more cryptocurrencies into our platform in the future, but there’s no timeline for this just yet!

5. Can I pay in Crypto and are there any limits?

When you spend your Crypto balance with your Revolut card, it will automatically be converted back into fiat currency using the exchange rate at the point of sale. Card payments that use your Crypto balance must be at least €10 (or currency equivalent), and a maximum of €100. You can’t pay in Bitcoin, Litecoin and Ether with your Revolut card.

You can ‘deactivate’ your Crypto wallets to prevent your Crypto balance from being spent with your Revolut card. Head to the Accounts tab, and tap the Account Manager icon on the top-right of your screen. Then, simply swipe left on your Crypto accounts to ‘deactivate’ your wallets.