Buying cryptocurrencies and Bitcoin with Revolut

Do you utilize the Revolut app? You most likely know that this neobanking app permits you to purchase cryptocurrencies simply. Nevertheless, this isn’t the perfect provide. Revolut expenses excessive charges for cryptocurrencies, expenses transactions with a excessive unfold, and what’s extra, it doesn’t permit their withdrawal to an exterior pockets. In right now’s article, we are going to clarify the best way to purchase Bitcoin and cryptocurrencies by Revolut in a distinct, cheaper approach. We may even analyze opinions on cryptocurrencies on Revolut. So, let’s get began!

Is it price shopping for crypto and Bitcoin with Revolut?

Revolut has been providing a variety of various cryptocurrencies for a very long time. The provide of this banking software additionally contains staking companies. Nonetheless, Revolut’s provide when it comes to cryptocurrencies and Bitcoin just isn’t the perfect. Opinions about companies of this kind amongst customers are additionally not the perfect. A a lot better possibility is to make use of the inventory trade www.bybit.com. It permits you to purchase cryptocurrencies through Revolut in an equally easy approach, nevertheless it has many options that talk in its favor. So why is it higher to make use of Bybit than Revolut when shopping for Bitcoin?

• Chance of withdrawals to exterior wallets – Revolut is an middleman. Because of this whenever you purchase crypto on Revolut, you aren’t shopping for precise property, solely exposures to them. This neo-banking software doesn’t mean you can order a withdrawal, e.g. Bitcoin to an exterior pockets. In case the corporate collapsed, you’d be left with nothing. Within the case of Bybit, cryptocurrencies could be withdrawn to any deal with on the blockchain.
• Charges, commissions and unfold – Revolut imposes actually excessive commissions for the acquisition of cryptocurrencies. Furthermore, the worth at which you should purchase cryptocurrencies (e.g. Bitcoin) is overpriced. It is because the so-called unfold. Bybit is certainly a less expensive possibility to purchase cryptocurrencies than Revolut.
• No differentiated crypto merchandise – Revolut solely permits crypto buying and selling (very costly) and staking a small quantity of altcoins. Bybit is a complete ecosystem. Along with buying and selling, you may also stake your cash, use Launchpad, leveraged buying and selling, futures and dozens of different merchandise. All this with one account.

You now know why it’s not price shopping for cryptocurrencies on Revolut and why this software has very poor opinions in terms of digital property. So let’s get to the specifics. Within the following sections of this information, we are going to clarify step-by-step the best way to arrange a Bybit account and purchase crypto with Revolut!

How one can purchase cryptocurrencies and Bitcoin with Revolut?

So let’s begin by creating an account on Bybit. First you might want to go to www.bybit.com. Then within the higher proper nook, click on the button “Signal Up”. Bear in mind you could declare a Bybit bonus whenever you create an account with Bybit!

Now fill in all the required knowledge (electronic mail or cellphone quantity) and enter the password. Click on “Create Account”then enter the 6-digit code you’ll obtain by SMS or electronic mail.

After confirming, log in to your account. Attributable to rules, you additionally must cross verification. To do that, ship Bybit a photograph of your id doc (e.g. ID or passport) and take a face selfie. General, the method is easy – simply comply with the on-screen directions.

Upon getting a verified Bybit account, now you can make a crypto buy by Revolut. The entire course of is described under!

Cryptocurrencies through Revolut – deposit of funds to the Bybit trade

After logging in to Bybit, hover over “Belongings” within the higher proper nook, then press the button “deposit”.

Now discover the bookmark “One-By-Click on”. Then click on Fiat Deposit“. Enter the quantity you need to deposit (in Polish zlotys). Choose an possibility as your cost technique “Simple Financial institution Cost”. Click on “proceed”.

Select your nation of residence and your financial institution (in our case, Revolut). Enter the IBAN of your Revolut account and the e-mail deal with that your checking account is linked to. Keep in mind that the Revolut account particulars should match the main points supplied when registering on Bybit. In any other case, the deposit could fail. If the whole lot is appropriate, click on “Subsequent”.

Bybit will show all details about your deposit together with fee. If the whole lot is appropriate, settle for the phrases and circumstances and click on “proceed”. Now you will notice the info to make the switch. As quickly as you full the SEPA switch (it could take a number of days), the funds can be in your account and it is possible for you to to lastly purchase cryptocurrencies by Revolut.

Crypto or Bitcoin buy with Revolut

When you have reached this level, it implies that you have already got an account on Bybit and have made your first deposit. The final step is to go to Purchase Crypto – One Click on Purchase. On this part, choose PLN because the forex you need to buy with. Then specify which cryptocurrency you need to purchase. Additionally enter the related portions/quantities. As “Cost technique” select “PLN Stability”. Click on “proceed”, affirm the transaction and that is it! You simply purchased cryptocurrencies by Revolut cheaper than regular within the app!

Is it price shopping for crypto on Revolut? Opinions

In case you are nonetheless questioning whether it is worthwhile to purchase crypto on Revolut, it is best to already know the reply. No, it isn’t price it. It’s a lot better to make use of the Bybit trade. Why?

• Bybit presents decrease charges and spreads than Revolut
• The cryptocurrency trade offers entry to many alternative merchandise.
• Bybit permits you to commerce extra cryptocurrencies than Revolut
• Bybit permits you to withdraw cryptocurrencies to an exterior pockets, Revolut doesn’t!

So let’s test examples of opinions about cryptocurrencies on Revolut amongst customers of this software. Right here is the assertion of the well-known crypto influencer Piotr Ostapowicz.

Listed here are examples of opinions about cryptocurrencies on Revolut from Belief Pilot:

Often requested questions – FAQ