In recent years, cryptocurrency has grown significantly in popularity as more investors look to engage in this dynamic industry. Revolut offers a convenient and user-friendly platform to acquire and exchange different digital assets if you’re thinking about investing in cryptocurrency. To give you the knowledge and confidence to get started, we’ll walk you through the procedure of buying cryptocurrency on Revolut.
Approach to Cryptocurrency via Revolut
Leading fintech company Revolut offers a variety of banking services, including the ability to purchase, store, and trade cryptocurrencies. Revolut has more than 15 million users globally, solidifying its position as a reliable and approachable platform for cryptocurrency aficionados.
Making a User Account
Making an account on Revolut is the first step in buying cryptocurrency there. Follow the simple registration steps after downloading the Revolut app to your smartphone. To meet regulatory requirements, you must submit your personal information and prove your identification.
Your Revolut Account Funding
The next step is to add money to your Revolut account after you have successfully created it. Bank transfers and debit/credit cards are among the many funding methods supported by Revolut. Pick the option that best suits you, then adhere to the on-screen directions to add money to your Revolut account.
Examining the Section on Cryptocurrencies
Navigate to the “Wealth” tab on the Revolut app after funding your account. You can access a number of cryptocurrencies through this page’s “Crypto” section. Popular digital assets including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and others are supported by Revolut.
Choose a cryptocurrency
You can look through the available cryptocurrencies in the Crypto section. Each cryptocurrency’s current price, past performance, and other pertinent data are shown on the screen. Before making a decision, take your time to thoroughly investigate and evaluate the various digital assets.
making a purchase order
Tap on the cryptocurrency you wish to buy once you’ve made up your mind about it to bring up the trade screen. You can see the current price chart here, enter the quantity you want to purchase, and select your desired currency (such as USD, EUR, or GBP). Revolut enables you to purchase cryptocurrency in fractional amounts, making it affordable for investors of all income levels.
going over and approving the transaction
Review the transaction information, including the sum, price, and any added costs, thoroughly before completing your purchase. Revolut makes sure you are aware of the associated charges by providing comprehensive information regarding fees. Your chosen cryptocurrency will be added to your Revolut account once you confirm the transaction after reviewing the details.
Monitoring Your Crypto Portfolio
The performance of your cryptocurrency assets may be followed using Revolut’s user-friendly interface. To monitor the growth of your portfolio over time, the app offers real-time price updates and in-depth charts. Additionally, you can configure price alerts to receive messages when the price of your preferred cryptocurrency exceeds a particular level.
Cryptocurrency Exchange on Revolut
The procedure for selling your cryptocurrency holdings on Revolut is just as easy as it is for buying. Go to the Crypto area, choose the cryptocurrency you want to sell, check the price, and enter the desired selling price. The necessary amounts will be credited to your Revolut account once you confirm the transaction.
Measures for Security and Safety
Money security is a top priority for Revolut. To prevent unwanted access to your account, the platform uses a number of security measures, such as two-factor authentication (2FA) and biometric identification. Additionally, Revolut reduces the danger of theft or hacking by keeping the majority of user cash in offline cold storage.
Conclusion
A simple and secure method to explore the world of digital assets is by purchasing cryptocurrency on Revolut. Revolut is a great platform for both novice and expert investors thanks to its user-friendly interface, variety of cryptocurrency alternatives, and transparent cost structure. You can begin your cryptocurrency investment journey on Revolut with confidence by following the instructions provided in this guide. Thoughtfully consider your options and proceed with care while making investment selections.
