If you wish to dive into the world of Bitcoin and wondering if you can buy it with Revolut the answer is a firm yes! Revolut not only allows you to buy cryptocurrency through its app but you can also fund a trading account and buy Bitcoin in that manner . In this comprehensive guide we’ll show you the simple process to make your first Bitcoin purchase with Revolut step by step .
Step 1: Sign Up with Bitstamp for a Smooth Bitcoin Buying Experience
To ensure a smooth Bitcoin buying experience with Revolut we recommend using Bitstamp as the ideal platform . Bitstamp has established a strong reputation for more than a decade and offers trading on more than 75 cryptocurrencies some of which include Bitcoin, Ethereum and Litecoin . It even supports staking on Ethereum and Algorand . With a focus on institutional traders Bitstamp boasts high performance, near 100% uptime and strong security measures and stores 95% of assets in cold storage .
Step 2: Create Your Account and Get on with the Verification Process
Before you can make any purchases you will need to create an account on Bitstamp . Simply sign up with your contact details and provide the necessary identification requirements for verification . This ensures compliance with regulations and betters security .
Step 3: Make a Deposit via Revolut for Bitcoin Buying Power
To kickstart your Bitcoin buying journey make a deposit on Bitstamp using Revolut as your payment method . Specify the desired deposit amount and select Revolut from the list of options presented . This seamless integration allows you to leverage your Revolut account to fund your Bitcoin purchases .
Step 4: Choose Bitcoin and Make Your Purchase
When your deposit is completed it’s time to navigate to the search box on Bitstamp’s homepage . Enter “Bitcoin” and select your preferred currency, such as GBP, for the transaction . Enter the desired amount of Bitcoin you wish to buy, review the transaction details and finalize the purchase . Once the payment is processed your newly acquired Bitcoin will appear in your Bitstamp exchange account .
Top Bitcoin Platforms Accepting Revolut: Find Your Ideal Trading Partner
If you’re looking for alternative Bitcoin platforms that accept Revolut consider the following options listed below:
Bitstamp: It is ideal for professionals and API trading and has a strong reputation, extensive cryptocurrency options and competitive fees .
Skilling: This one is perfect for mobile trading . It offers a beginner-friendly platform accessible via both the app and desktop along with compatibility with TradingView .
Binance: The largest crypto platform globally and supports a wide range of cryptocurrencies, additional services like staking and derivatives and convenient all-in-one management through its app .
Pros and Cons of Using Revolut for Bitcoin Buying
As with any service there are pros and cons to using Revolut for buying Bitcoin . Consider the following:
Pros:
Manage Bitcoin, stocks, and other assets alongside your finances in one app .
Store Bitcoin and 90+ other cryptocurrencies in your exchange account .
Low minimum trade size of just £1, allowing for flexible investments .
Easily send crypto to friends through the Revolut app .
Cons:
Trading costs on the Standard or Plus plan may be on the higher side .
With these insights you’re now equipped to embark on your Bitcoin buying journey using Revolut . Enjoy the convenience and potential of this powerful platform as you explore the fascinating world of cryptocurrencies .