Revolut Crypto Exchange

From its inception as a FinTech platform that provided innovatory services of a banking nature, step by step, Revolut started to include in its portfolio even such sensitive areas of activity as cryptocurrency transactions. The major steps in this direction were increasing the capacity for crypto exchange within an application and enabling the users to buy, sell, and exchange popular cryptocurrencies right within the application. In this review, we will get a closer look at the functionality of the cryptocurrency exchange Revolut, assess its capabilities, and outline its prospects for users and investors.

Key features of the platform

Great variety of cryptocurrencies:

Within Revolut: one can access a wide range of cryptocurrencies that include popular ones such as Bitcoin, Ethereum, Litecoin, and many others. It is for this reason that this platform appears so attractive to various investors who may have interest in different types of cryptocurrency assets.

Integration with Banking Services: One of the main advantages of Revolut is the high level of integration that cryptocurrency transactions have with traditional banking services. Users can easily transfer money from their conventional bank accounts to and from cryptocurrencies, making management a lot easier.

User Interface: The ease and simplicity typical of the entire Revolut platform make it reachable even for the complete beginner in the world of cryptocurrencies. Its intuitive interface means that one gets to master all the app’s functionalities in no time.

Security: Revolut pays great attention to the security of users’ funds and data. The company uses a number of advanced technologies for security, including multi-factor authentication and data encryption, which increases user trust.

Taxation and regulatory environment

By contrast, Revolut adheres to the strict observance of various requirements by the regulatory body or authorities from the states where the company offers its services. In simple words, this presupposes that all crypto dealing is supposed to be accounted for, keeping in mind local tax laws – an issue relevant for tax-compliant users.

Commissions and tariffs

Revolut charges some commission for cryptocurrency deals depending on the level of subscription a particular user has. For example, for standard accounts, the fees of swapping cryptocurrencies can be up to 1.5%, which is quite a competitive offer on the market. In turn, premium users enjoy even lower commissions and several additional benefits.

At the same time, the cryptocurrency exchange Revolut is a powerful tool for executing cryptocurrency transactions, integrated with extensive financial services. Because it is easy to use and secure, and also integrates traditional financial instruments, this platform is very appealing to both novice and professional investors. However, some aspects related to taxes and regulations should be considered when using it for cryptocurrency transactions.

Revolut crypto exchange fees

First noticed as a disruptive financial tool for both personal and corporate banking, in time, the platform started to develop services regarding cryptocurrency trading. The comfortable and inexpensive purchase and sale of cryptocurrencies are part of the services provided within this platform. Anyway, one of the most relevant questions to be considered at the beginning of work with Revolut is the question of commission for one transaction of cryptocurrency. Today, we go into detail about all the commissions of Revolut and present guidelines on the best way to minimize them.

The Basics of Revolut Commission

Revolut levies various commissions on cryptocurrency trading. This commission depends on the account type and volume of trade. Please note that commissions can change with regard to market conditions and a certain decision from the Revolut side.

1. Standard Accounts:
   • Standard accounts usually pay around 2.5% on each transaction for buying or selling cryptocurrencies. This is relatively high commissions in the light of many other platforms.
2. Premium and Metal accounts:

• • For users of premium and metal accounts, commissions are decreased to about 1.5% on cryptocurrency transactions. The reduced commission is some kind of stimulus to use more expensive subscriptions.

3. Exchange Transactions:

• • In addition to standard trading fees, Revolut may also charge additional exchange fees when purchasing cryptocurrencies in a currency other than the user’s fund currency.

Factors affecting commissions

• Time of day and liquidity:
  • During certain hours when market liquidity is lower, Revolut may increase spreads and commissions.
• Market Volatility:
  • During periods of high market volatility, commissions may be increased due to increased risks to the platform.

Comparison with other platforms

Comparing the Revolut commissions with some other popular places where cryptocurrencies can be exchanged, such as Binance or Coinbase, one may note that usually, the rates are higher on Revolut. That being said, this is because it’s much more versatile in terms of the services being put forward, and those include investments, while its focus isn’t strictly on cryptocurrencies.

Recommendations to users

Selection of an account: Consider using premium accounts if you plan to actively trade cryptocurrencies. Reduced commissions can pay off the cost of a subscription.

Bid Planning: Try to trade during periods of highest market liquidity to avoid additional spread commissions.

Monitoring changes to commissions: Check regularly for updates to the trading conditions on the platform, as Revolut may change the commission structure depending on market conditions.

While giving the convenience to trade in cryptocurrency, the fee that is charged for using its services is higher compared to more specialized exchanges of cryptocurrencies. All the costs and benefits arising from the use of Revolut for cryptocurrency transactions have to be weighed and the most applicable plan selected according to needs and trading volume.

 Revolut crypto exchange limit

As one of the largest fintech companies in Europe, Revolut offers users the possibility to trade cryptocurrencies within the mobile application. That was the reason for such popularity: it was so accessible and integrated with traditional financial services. Yet, as any platform, it does set certain limits on cryptocurrency transactions that may affect somehow your trading strategy or plans. In this article, we would look closer at these limits, their peculiarities, and provide some practical recommendations on how to make use of them.

Main restrictions on the Revolut platform

The limits on Revolut depend on several types of users, which can be distinguished by their account status: standard, premium or metal. A limit protects the transaction from fraud and guarantees compliance with the legal requests of the regulator.

Limits for purchase and sale: Premium and Metal accounts have higher limits or no limits at all, to make such plans more appealing for customers.

Cryptocurrency transfer limits: Currently, the only possible action regarding cryptocurrencies with Revolut is transferring them to or from another Revolut account. This in turn means that currently, one can’t send crypto assets to any external wallets or exchanges.

Minimum and maximum transaction limits: Every cryptocurrency transaction on this platform has minimum and maximum limits defined with the purpose of ensuring effective risk management and preventing market manipulation.

Factors affecting the setting of limits

Regulatory requirements: Similar to any other financial conduit, it has to follow the rules and regulations binding it in each country where it is offering its services. Hence, this sets different transaction limits on its users from various jurisdictions.

Market conditions: For instance, when the market conditions are highly volatile, limits can be changed such that there is minimal possibility of financial risk for both the user and the platform.

User verification level: A higher level of verification, requiring the user’s identity and address, for example, may grant access to higher limits.

Recommendations for Users

Read the Terms and Conditions Carefully: Before you begin trading on Revolut, take a close look at all the terms of use including the limits of transactions. This will help you avoid misunderstanding during transactions.

Assess your trading strategy: If you plan on trading cryptocurrencies on a larger scale, consider whether a premium or metal account will better serve your needs.

Stay informed about changes: Keep an eye on changes to terms and conditions, as Revolut may modify limits according to external conditions or regulations.

The cryptocurrency trading limits on Revolut can significantly affect users, especially if one is planning on trading large sums. It is crucial to consider various account options and check all the conditions attached to them. Finally, stay informed about changes that might affect trading strategies and plans.

Revolut crypto exchange rate

Financial technology company Revolut has launched its professional cryptocurrency exchange called Revolut X.

The pan-European fintech giant, Revolut, is launching its cryptocurrency exchange, Revolut X, catering to professional traders but also making it available to all retail customers residing in the UK. The platform is segregated from the main Revolut app and fully equipped with extensive trading functionalities for over 100 tokens in various types.

It follows that the launch of Revolut X will be a big step for the company in developing cryptocurrency services through expanding horizons both for professional and retail investors. In this new platform, low fees are combined with a wide variety of tokens, together with seamless integration with mainstream financial services, confirming the status of Revolut as an innovative FinTech company committed to increasing access to markets for cryptography.

Corporate Profile and Regulatory Status of Revolut Ltd.

Revolut Ltd is a company registered in England and Wales (company number 08804411), whose registered office is at 7 Westferry Circus, Canary Wharf, London, England E14 4HD, and is licensed by the Financial Conduct Authority under the Electronic Money Regulations 2011 (registration number 900562). A related company, Revolut Travel Ltd has also been granted authorisation by the FCA to carry on activities relating to the distribution of insurance services (registration number 780586). Insurance products are developed by Revolut Travel Ltd in co-operation with Revolut Ltd acting as the appointed representative of Revolut Travel Ltd.

Within the equity trading segment, the products are provided through Revolut Trading Ltd, registration number 832790, an appointed representative of Solution Compliance Ltd, which is regulated and authorised by the FCA.

Revolut Ltd is also FCA-registered and provides cryptocurrency services operating under the Money Laundering, Terrorist Financing and Transfer of Funds (Payer Information) Regulations 2017. Note that commodity-related services provided by Revolut are not regulated by the FCA.

Revolut applications and platforms

The core functionality is provided with the ability to buy, sell, deposit, and withdraw cryptocurrency using the main mobile app of the service. In parallel, the company behind the service has developed a more sophisticated desktop platform-churned out for advanced cryptocurrency transactions: Revolut X. With analytics tools, lower fees, and spreads, it’s pretty much perfect for high-end cryptocurrency users. First of all, one would need to have a primary account with Revolut in order to access Revolut X.