common-close-0
BYDFi
Trade wherever you are!

How can I use Revolut to invest in cryptocurrencies?

avatarShcholkin MichaelDec 28, 2021 · 3 years ago3 answers

Can you provide a detailed explanation on how to use Revolut to invest in cryptocurrencies? I'm interested in getting started with cryptocurrency investments and I've heard that Revolut offers this service. How does it work and what are the steps involved?

How can I use Revolut to invest in cryptocurrencies?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Sure! Using Revolut to invest in cryptocurrencies is quite simple. First, you need to download the Revolut app and create an account. Once you're logged in, go to the 'Wealth' tab and select 'Cryptocurrencies'. From there, you can choose the cryptocurrency you want to invest in and the amount you want to buy. Revolut supports popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin. After confirming your purchase, the cryptocurrency will be added to your Revolut account. You can then track its value and sell it whenever you want. Keep in mind that Revolut charges a small fee for cryptocurrency transactions.
  • avatarDec 28, 2021 · 3 years ago
    Investing in cryptocurrencies through Revolut is a convenient option for beginners. The app provides a user-friendly interface and allows you to easily manage your investments. However, it's important to note that when you buy cryptocurrencies on Revolut, you don't actually own the underlying assets. Instead, you're purchasing a derivative product that tracks the price of the cryptocurrency. This means you won't have access to private keys or the ability to transfer your cryptocurrencies to an external wallet. If you're looking for more control over your investments, you may want to consider using a traditional cryptocurrency exchange.
  • avatarDec 28, 2021 · 3 years ago
    Sure thing! Revolut is a popular fintech app that offers a range of financial services, including the ability to invest in cryptocurrencies. To get started, you'll need to download the Revolut app from the App Store or Google Play Store and sign up for an account. Once you're logged in, navigate to the 'Wealth' tab and select 'Cryptocurrencies'. From there, you can choose from a variety of cryptocurrencies to invest in, including Bitcoin, Ethereum, and Ripple. Revolut also provides real-time price charts and notifications to help you stay updated on your investments. It's worth noting that Revolut charges a small fee for cryptocurrency transactions, so be sure to factor that into your investment strategy.