How to buy crypto on Revolut?

Buying cryptocurrency on Revolut is straightforward, thanks to its user-friendly mobile app. Here’s a step-by-step guide to help you through the process:

1. Download and Install the Revolut App

1. Download the App:
   • Go to the Apple App Store or Google Play Store on your smartphone.
   • Search for “Revolut” and download the app.
2. Install and Open:
   • Install the app and open it on your device.

2. Create a Revolut Account

1. Sign Up:
   • Open the app and click “Sign Up.”
   • Enter your phone number or email address and create a strong password.
2. Verify Your Identity:
   • Follow the instructions to complete identity verification. You may need to upload a photo of your ID and a selfie for verification purposes.

3. Set Up Your Account

1. Add Personal Information:
   • Provide additional personal details as required.
2. Add a Payment Method:
   • Link a bank account or credit/debit card to fund your Revolut account. Follow the prompts to add and verify your payment method.

4. Deposit Funds

1. Add Funds to Your Revolut Account:
   • Go to the “Accounts” tab and select “Add Funds.”
   • Choose your preferred method to deposit money (bank transfer, card deposit, etc.) and follow the instructions.

5. Buy Cryptocurrency

1. Navigate to the Crypto Section:
   • Tap on the “Invest” tab or “Crypto” section, depending on your app version.
2. Choose Cryptocurrency:
   • Browse the available cryptocurrencies. Revolut offers popular options like Bitcoin (BTC), Ethereum (ETH), and others.
3. Select a Cryptocurrency:
   • Tap on the cryptocurrency you want to buy.
4. Enter Purchase Amount:
   • Input the amount you want to spend or the amount of cryptocurrency you want to buy.
   • Review the details of the purchase, including the exchange rate and any fees.
5. Confirm Purchase:
   • Tap “Buy” to confirm your purchase.
   • You may need to confirm the transaction with your PIN or biometric verification (fingerprint or face ID).

6. View and Manage Your Crypto

1. Check Your Holdings:
   • Go to the “Crypto” or “Invest” section to view your cryptocurrency holdings and transaction history.
2. Manage Your Assets:
   • You can choose to hold, sell, or convert your cryptocurrency within the app.

7. Secure Your Account

1. Enable Two-Factor Authentication (2FA):
   • Go to the “Settings” tab and enable 2FA for added security.
2. Monitor Your Account:
   • Regularly check your account for any unusual activity and stay updated on the security settings.

Tips for Using Revolut for Crypto

• Understand Fees: Be aware of any fees associated with buying, selling, or holding cryptocurrency on Revolut.
• Check Limits: Review any transaction limits or restrictions on crypto purchases or withdrawals.
• Stay Informed: Keep up with cryptocurrency market trends and news to make informed investment decisions.

Before You Buy: Check Whether Revolut Crypto Is Available to You

Revolut’s crypto features, supported assets, fees and withdrawal options depend on your country of residence, account type and the terms that apply to your account. Do not assume that every Revolut customer can buy crypto or transfer it to an external wallet. Open the Crypto section in your own app and review the current terms for your country before depositing funds. Revolut’s official cryptocurrency terms explain that some services are available only in certain locations or on eligible plans.

How to Buy Crypto on Revolut: Step by Step

1. Open or create your Revolut account. Download the official app, complete identity checks and secure access to your account. Availability and verification requirements depend on your country.
2. Fund your account. Use a supported funding method and check for any card, transfer or currency-conversion charges that may apply.
3. Open the Crypto section. App navigation may change, so use the current Crypto or investment section shown in your version of the app.
4. Choose a supported asset. Check that the exact cryptocurrency is available in your region. Similar token names and networks are not interchangeable.
5. Enter the amount. Review the quoted price, fee, exchange rate and total cost before confirming. Crypto prices can move quickly, and the displayed quote may expire or change.
6. Confirm and keep the record. Review the order details, then authenticate using the security method requested by the app. Save the transaction record for tracking and tax reporting.
7. Review your holding. Check the asset balance and transaction history. Read the product terms to understand custody, transfers, selling and any other features available to you.

Understand Fees, Spread and Plan Limits

The cost of buying crypto may include an explicit transaction fee and a spread embedded in the quoted buy or sell price. Depending on your plan and country, minimum fees, percentage fees or fair-usage charges may also apply. A low headline fee does not necessarily mean the lowest total purchase cost: compare the final quote and the amount of crypto you receive.

Revolut publishes separate fee information for its crypto services. Its UK fee page, for example, describes plan-dependent exchange fees, fair-usage limits and withdrawal charges. These figures should not be applied automatically to accounts in other countries. Always check the fee shown in your app and the fee schedule that applies to your residence. Review Revolut’s published crypto fees.

Before confirming a purchase, compare the quoted price and total cost with the amount you intended to spend. If you plan to make frequent purchases, calculate the effect of repeated fees and spreads rather than looking only at one transaction.

Can You Transfer Crypto From Revolut to an External Wallet?

External withdrawals are not available for every asset, account or location. Where transfers are supported, Revolut may require an eligible plan or location, and it will show the available assets and network options in the app. A withdrawal can involve a service fee and a variable blockchain network fee.

Before sending crypto, verify the receiving address, supported network and minimum transfer requirements. For example, a token sent using an unsupported network may not arrive and may be unrecoverable. Start with a small test transfer when appropriate and account for fees. Never use a deposit address or network simply because the token ticker looks the same. See Revolut’s crypto transfer help for the current rules.

Revolut Crypto vs. a Dedicated Crypto Exchange

Neither option is automatically best for every user. Compare total cost, availability, transfer flexibility, customer support and custody arrangements. If you use self-custody, losing the recovery phrase can mean losing access to funds; if you use a platform, you depend on its systems, terms and account controls.

Security Tips for Buying Crypto

• Use the official Revolut app and protect your phone, email and account with strong authentication.
• Never share passwords, one-time codes, private keys or wallet recovery phrases with anyone claiming to provide support.
• Ignore unsolicited messages promising guaranteed returns or asking you to move funds to a “safe” wallet.
• Check every transaction and recipient carefully; blockchain transfers may be irreversible.
• Be wary of buying under pressure or investing money needed for rent, bills or emergency savings.
• Read about how to store cryptocurrency safely before moving assets to a personal wallet.

Tax and Recordkeeping

Buying crypto, selling it, exchanging one token for another or spending crypto may have different tax consequences depending on where you are tax-resident. Keep transaction confirmations, dates, amounts, fees and records of transfers. Do not assume that a transaction is tax-free simply because it took place inside a financial app. Check the rules that apply to your circumstances or seek qualified tax advice.

Frequently Asked Questions

Can everyone buy crypto on Revolut?

No. Availability, supported assets and features depend on the country, account and current terms. Check the Crypto section and official terms for your own account.

Does Revolut charge a fee to buy crypto?

Fees depend on the plan, country and transaction. A spread may also affect the quoted price. Review the full quote and total cost in the app before confirming.

Can I withdraw Bitcoin or other crypto to my own wallet?

Only if external withdrawals are supported for that asset and your account’s location and plan. Check the available withdrawal options, address, network and fee in the app first.

Is crypto held in Revolut protected like money in a bank account?

Do not assume so. Revolut’s terms explain that cryptoassets are different from money or e-money balances and may not receive the same deposit-protection or compensation protections. Read the terms that apply to your jurisdiction.

Is buying crypto on Revolut risk-free?

No. Crypto prices can fall sharply, fees affect returns, transfers can be irreversible and platform features can vary. This guide is educational, not personalized investment advice.

In Summary

To buy cryptocurrency on Revolut, download and install the app, create and set up your account, deposit funds, and navigate to the crypto section to purchase your desired cryptocurrency. Ensure you secure your account with 2FA and stay informed about fees and limits.