How does Revolut's cryptocurrency feature work in the UK?

3 answers

• Dec 26, 2021 · 3 years ago
  Revolut's cryptocurrency feature allows users in the UK to buy, sell, and hold various cryptocurrencies directly within the Revolut app. It offers a convenient and user-friendly way for individuals to enter the world of cryptocurrencies without needing to use a separate exchange platform. Users can easily convert their fiat currency into cryptocurrencies and vice versa, all within the Revolut app. The feature also provides real-time price updates and allows users to set price alerts for their preferred cryptocurrencies. Overall, Revolut's cryptocurrency feature aims to simplify the process of buying and managing cryptocurrencies for UK users.
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• Dec 26, 2021 · 3 years ago
  Revolut's cryptocurrency feature in the UK works like a digital wallet within the Revolut app. Users can deposit funds into their Revolut account and then use those funds to buy cryptocurrencies. The app supports a range of popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more. Once the cryptocurrencies are purchased, users can choose to hold them in their Revolut account or transfer them to an external wallet. The feature also allows users to set up recurring purchases of cryptocurrencies, making it easier to invest regularly. It's important to note that while Revolut's cryptocurrency feature is convenient, it may not offer the same level of security and control as dedicated cryptocurrency exchanges.
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• Dec 26, 2021 · 3 years ago
  As an expert in the field, I can say that Revolut's cryptocurrency feature in the UK is a great option for beginners who want to dip their toes into the world of cryptocurrencies. It provides a simple and intuitive interface for buying and selling cryptocurrencies, and the real-time price updates and price alerts are useful features. However, it's worth mentioning that Revolut is primarily a banking app, and its cryptocurrency feature may not offer the same level of advanced trading options and security as dedicated cryptocurrency exchanges like BYDFi. So, if you're an experienced trader or looking for more advanced features, you might want to consider using a dedicated cryptocurrency exchange instead.
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