Bitcoin
BTC
$
00000.00
-0.00%
Ethereum
ETH
$
00000.00
-0.00%
Solana
SOL
$
00000.00
-0.00%
XRP
XRP
$
00000.00
-0.00%
Dogecoin
DOGE
$
00000.00
-0.00%
ChainLink
LINK
$
00000.00
-0.00%
Binance Coin
BNB
$
00000.00
-0.00%
Cardano
ADA
$
00000.00
-0.00%
Litecoin
LTC
$
00000.00
-0.00%
Ordinals
ORDI
$
00000.00
-0.00%
Polygon
MATIC
$
00000.00
-0.00%
Optimism
OP
$
00000.00
-0.00%
Arbitrum
ARB
$
00000.00
-0.00%
Polkadot
DOT
$
00000.00
-0.00%
Avalanche
AVAX
$
00000.00
-0.00%
Sui
SUI
$
00000.00
-0.00%
Ethereum Classic
ETC
$
00000.00
-0.00%
FileCoin
FIL
$
00000.00
-0.00%
Celestia 
TIA
$
00000.00
-0.00%
Injective
INJ
$
00000.00
-0.00%

Key Takeaway

Revolut is at the forefront of modern banking by facilitating seamless transactions with cryptocurrency exchanges that adhere to the stringent regulations in the United Kingdom. This emphasis on security and reliability shows Revolut's mission to deliver innovative and ethical financial services to its users.

For those looking to diversify their investment portfolio, eToro offers an engaging platform. With a diverse range of over 4,500 assets, including cryptocurrencies, stocks, ETFs, and commodities, it operates within a fully regulated framework. Unique features such as social trading and virtual portfolios set eToro apart.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
eToro United Kingdom
eToro United Kingdom

This review and rating adhere to our editorial policy and the the research methodology of StacksOnChain analysts, guaranteeing the accuracy and reliability of our reports.

Rating
9.8

Supported Assets

4,500 Cryptocurrencies, Stocks, ETFs and more.

Trading Fees

0% Fees and Variable Spread (1%).

Can I Invest in Crypto with Revolut?

Direct cryptocurrency transactions aren't a feature of Revolut's conventional banking services. However, Revolut encourages its users to engage with approved exchanges, providing a safe environment for their investment activities.

It's important for users to understand that Revolut's digital banking interfaces, including its app and online banking, don't come with built-in crypto wallets. For effective management of digital currencies, it's recommended to partner with British exchanges that comply with the UK's financial regulations.

How to Buy Crypto with Revolut

Although Revolut doesn't directly facilitate cryptocurrency trading, it supports fund transfers to authorised platforms such as eToro, which uphold transaction security. eToro is recognised for its adherence to these regulations, enabling safe and straightforward GBP deposits via bank transfer, debit cards, e-wallet options, and more.

  1. Verify your identity on eToro to set up your account.
  2. Choose 'Deposit Funds,' select a suitable payment method, and transfer funds from Revolut.
  3. Utilise eToro's search function to find the cryptocurrency you wish to purchase and select 'Trade.'
  4. Enter the investment amount and confirm the transaction by clicking 'Open Trade.'

Does Revolut Block Crypto Transactions?

Revolut embraces the innovation of digital currencies by supporting transactions to and from FCA-regulated cryptocurrency platforms. This flexibility demonstrates the platform's commitment to incorporating advanced financial technologies into its services.

Users are encouraged to engage with platforms that adhere to the UK's rigorous Know Your Customer (KYC) and Anti-Money Laundering (AML) standards, regulated by the Financial Conduct Authority (FCA). This approach highlights Revolut's dedication to safeguarding the security and integrity of financial transactions in the fast-evolving crypto landscape.

Digital Asset Investing Fees

Diving into the world of digital currency trading means getting familiar with the fees that come with using exchanges. These fees are vital for the operation of trading platforms like eToro. Let's unpack what eToro charges:

  • Funding Fees: When you add money to your eToro account, you might encounter some fees. eToro aims to make this process as cost-effective as possible. For instance, converting your money to eToro's base currency will bring a conversion charge between 1.5% - 3%, but if you deposit it in USD, you won't face any fees.
  • Withdrawal Costs: eToro charges a $5 withdrawal fee for fiat currencies. This fee helps cover the costs of moving money off the platform. If you're withdrawing cryptocurrencies, the fee might change based on the network's current conditions.
  • Trading Charges: Every time you trade on eToro, you'll see a 1% trading fee plus a spread. This spread is the gap between the buying and selling prices of assets, and it changes from one cryptocurrency to another. 

For those who trade often or invest significantly, eToro's tiered membership system could be beneficial. This system offers perks like lower fees and a personal account manager for those in the higher tiers.

Closing Thoughts

Revolut's stance on cryptocurrency is marked by its adherence to safe and regulated financial practices. While it doesn't support in-app crypto trading, Revolut facilitates secure transfers to compliant exchanges like eToro, in line with the UK's rigorous financial safeguards. This approach not only ensures transaction security but also empowers users to explore the realm of digital assets responsibly.

Author

Nick Ng is a skilled analyst at StacksOnChain with expertise in both cryptocurrencies and traditional finance. His research offer valuable insights into market trends and investment opportunities for readers.

View posts

Featured Guides

Learn more with some of the featured guides recommended by our analysts.

Dive into Berachain, where DeFi meets innovation through EVM compatibility, a novel liquidity consensus, and integrated DeFi applications.
Chris Wheelan
May 18, 2024
Research

What is Berachain?

Dive into Berachain, where DeFi meets innovation through EVM compatibility, a novel liquidity consensus, and integrated DeFi applications.

Explore how EigenLayer Restaked Points measure user contributions with ETH staked, impact EIGEN token distribution, and face geo-restrictions.
Richard Zhang
Apr 30, 2024
Research

What are EigenLayer Restaked Points?

Explore how EigenLayer Restaked Points measure user contributions with ETH staked, impact EIGEN token distribution, and face geo-restrictions.