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
- Download the App:
- Go to the Apple App Store or Google Play Store on your smartphone.
- Search for “Revolut” and download the app.
- Install and Open:
- Install the app and open it on your device.
2. Create a Revolut Account
- Sign Up:
- Open the app and click “Sign Up.”
- Enter your phone number or email address and create a strong password.
- 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
- Add Personal Information:
- Provide additional personal details as required.
- 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
- 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
- Navigate to the Crypto Section:
- Tap on the “Invest” tab or “Crypto” section, depending on your app version.
- Choose Cryptocurrency:
- Browse the available cryptocurrencies. Revolut offers popular options like Bitcoin (BTC), Ethereum (ETH), and others.
- Select a Cryptocurrency:
- Tap on the cryptocurrency you want to buy.
- 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.
- 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
- Check Your Holdings:
- Go to the “Crypto” or “Invest” section to view your cryptocurrency holdings and transaction history.
- Manage Your Assets:
- You can choose to hold, sell, or convert your cryptocurrency within the app.
7. Secure Your Account
- Enable Two-Factor Authentication (2FA):
- Go to the “Settings” tab and enable 2FA for added security.
- 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.
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.
