Is it possible to convert funds from Revolut to Bitcoin and transfer it to my bank account?
BluechipspaceDec 28, 2021 · 3 years ago3 answers
I am wondering if it is possible to convert funds from my Revolut account to Bitcoin and then transfer it to my bank account. Can I do this directly within the Revolut app or do I need to use a separate platform? How long does the process usually take and are there any fees involved?
3 answers
- Dec 28, 2021 · 3 years agoYes, it is possible to convert funds from your Revolut account to Bitcoin and transfer it to your bank account. To do this, you will need to use a separate platform such as a cryptocurrency exchange. You can send your funds from Revolut to the exchange, convert them to Bitcoin, and then withdraw the Bitcoin to your bank account. The process usually takes a few hours to a few days, depending on the exchange and the current network congestion. Keep in mind that there may be fees involved, including transaction fees and exchange fees. It's always a good idea to check the fees and terms of the exchange before proceeding.
- Dec 28, 2021 · 3 years agoAbsolutely! You can convert funds from your Revolut account to Bitcoin and transfer it to your bank account. However, you will need to use a cryptocurrency exchange to facilitate the conversion. Simply send your funds from Revolut to the exchange, convert them to Bitcoin, and then withdraw the Bitcoin to your bank account. The process typically takes a few hours to complete. Just be aware that there may be fees associated with the conversion and withdrawal. Make sure to check the exchange's fee schedule before proceeding.
- Dec 28, 2021 · 3 years agoYes, it is possible to convert funds from your Revolut account to Bitcoin and transfer it to your bank account. However, Revolut itself does not support direct Bitcoin transfers. You will need to use a cryptocurrency exchange to convert your funds to Bitcoin and then withdraw it to your bank account. The process usually takes a few hours to a few days, depending on the exchange and the current network congestion. Keep in mind that there may be fees involved, including transaction fees and exchange fees. It's important to choose a reputable exchange with competitive fees to minimize costs.
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