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How To Use Your Revolut Account To Purchase Cryptocurrency
Revolut a fin-tech company that is based in Britain offering multiple banking services including currency exchange, prepaid debit card, peer-to-peer payments and now also offering cryptocurrency exchange.
The app of Revolut is featured with spending your money and using ATM withdrawals in 120 different currencies and for sending are allowed 29 different currencies directly from the app. Now Revolut has allowed buying and selling of cryptocurrencies and is becoming popular after this update. There are many ways which you can use to purchase bitcoin and other cryptocurrencies using Revolut and we will discuss few of them in this article.
There is not only option for purchasing the crypto in Revolut but you can also sell directly your BTC on Revolut by creating your offers. Vendors create offers and set their rate and margin, you have to choose the one that suits you and in the same way while selling, you have to set rates and margin and the buyer will purchase from you. All of these things can easily be performed on mobile app of Revolut. Before we look at the popular ways lets have a look at the supported countries and cryptocurrencies by Revolut.
Related: Purchase Crypto Using Revolut Account
Supported Countries:
- United Kingdom
- United States
- Canada
- European Economic Area (EEA)
- Australia
- Switzerland
- Singapore
Supported Currencies:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- Filecoin (FIL)
- EOS (EOS)
- Cardano (ADA)
- 0x (ZRX)
- OMG Network (OMG)
- Loopring (LRC)
- Orchid (OXT)
- UMA (UMA)
- Numerai (NMR)
- Uniswap (UNI)
- Tezos (XTZ)
- Bancor (BNT)
- Stellar Lumens (XLM)
- Synthetix (SNX)
- The Graph (GRT)
- Yearn.Finance (YFI)
Ways to Purchase Cryptocurrency Using Revolut Account
If you have an account on Revolut then you can easily purchase Bitcoin and other crypto through mobile app connecting it with the reliable exchange or marketplace. Famous exchanges that work with Revolut are listed here:
- Paxful
The most popular exchange is Paxful that is a person-to-person marketplace working in almost all countries around the world and is offering 300 different payment methods. It gives vendors the feature to create offers in any currency they want. If you connect your Revolut account with Paxful then you can easily purchase any supported cryptocurrency that will appear in your wallet within an hour maximum.
Read Also: Bitcoin And Other Cryptocurrencies As Investment Objects
At Paxful you will see a list of vendors who are selling BTC. You can create your own offer for selling your cryptocurrency there. Vendors are allowed to set their own rates and margins that suits them and buyer can choose the desired vendor.
Pros
- Highly Secure
- Escrow System
- Wide Variety Of Sellers
- Easy to Navigate User Interface (UI)
- 300 Payment Methods
Cons
- Some scam news are there for both seller and buyer.
- Binance
The second most popular and widely used exchange is Binance that was first launched in 2017 by Changpeng Zhao. It is first exchange for experienced traders who are looking for real time crypto trading with secure environment. With more than 165 cryptocurrencies listed on their platform, it is considered as the biggest exchange in the world that is available for both beginners and experienced traders. The pair and tools make it more easy to trade on Binance.
You can buy cryptocurrency with hundreds of payment methods. The P2P option is available for buying and selling coins. The advanced features available make it easy for beginners to learn trading and be successful.
Pros
- Trustworthy Management
- Secure Environment
- Lowest Fees In The Market
- Global Support
- High Volume Exchange
- Multiple Crypto pairing
- Advanced Trading Tools
Cons
Less Payment Options than Paxful
