Revolut

Revolut is a banking service and deposit method that was established in 2015 by Nikolay Storonsky and Vlad Yatsenko. Curious about which crypto exchanges accept Revolut for deposits? You’ve come to the right place!

The European company has experienced significant growth in recent years, largely due to its offer of free everyday banking services. There are no monthly or annual fees for using the app or making direct debit payments, and acquiring a digital IBAN number is straightforward. As a digital bank, Revolut is part of the Central Bank’s Deposit Guarantee Scheme of Ireland, ensuring that customers’ funds are protected in case the company faces financial issues. Below is a list of the best crypto sites that accept Revolut for deposits.

Summary

Revolut has experienced rapid growth beyond Europe, now serving over 20 million customers globally. This expansion has led to its acceptance as a deposit method on numerous crypto exchanges.

What is Revolut?

Revolut is a digital bank, meaning it does not have physical branches like traditional financial institutions. Customers need to download the app to make transfers. The app does not charge a fee for topping up an account via another bank card, and it allows users to make transactions without incurring fees.

Revolut Costs

Revolut allows you to send up to $1,000 per month without fees. Once this limit is exceeded, a 0.5% fee applies. You can avoid these fees by upgrading to Revolut Premium or Revolut Metal, which also waive foreign exchange fees. The app provides transparency on any applicable fees during transactions.

Transaction Speed for Revolut

Typically, funds are reflected in your crypto exchange account within seconds. However, if the recipient does not support instant payments, the transfer may take up to two working days. International Swift transfers may take up to five business days to reach your account.

Revolut Deposits: How to Do It?

1. Log in to your crypto exchange account.
2. Navigate to the payment section and select Revolut from the available deposit options.
3. Enter the amount you wish to deposit.
4. Confirm your payment details and complete the transaction with a verification method.

Which Countries Use Revolut?

Revolut is primarily used by residents of the European Economic Area (EEA), as well as in the USA, UK, Japan, Switzerland, Australia, and Singapore. Other countries are not currently supported for this deposit method.

Can You Withdraw with Revolut?

Yes, you can withdraw funds to your Revolut account, with no fees charged by Revolut. However, check your crypto exchange as there may be withdrawal fees. If you encounter difficulties with withdrawals, you can consider using traditional methods like bank transfers or credit cards.

Reputation of Revolut

Founded in 2015, Revolut has rapidly gained popularity in Europe and Western countries, particularly for its instant payments between users. It is noted for being secure and affordable. The primary issue with Revolut deposits is the frequent freezing of accounts.

Revolut FAQ

Here are some commonly asked questions about using Revolut as a payment method.

Is it safe to use Revolut for cryptocurrencies?

Yes, Revolut is a secure deposit method, as it notifies users whenever transfers are made. Additionally, you can disable online or contactless payments to prevent unauthorized transactions.

How do I set up Revolut?

Visit the Revolut website, enter your phone number, and you will receive a link to download the app. Once the app is installed, create an account and add funds to it.

Is Revolut instant?

Yes, payments typically reach the crypto exchange account in a matter of seconds. However, if the crypto exchange does not support instant payments, it may take up to two business days for the transaction to complete.

When was Revolut founded?

Revolut was founded in 2015 and has since accumulated over 20 million customers worldwide.

Where is Revolut headquartered?

The company’s headquarters are located in the United Kingdom.

Does Revolut only work on Apple devices?

No, Revolut works on Android devices as well. You can download the app by entering your phone number on the Revolut website.