How To Use Cryptocurrency Revolut

One of europe s largest and most successful fintech companies is getting serious about taking cryptocurrencies to the masses.

How to use cryptocurrency revolut. Add the proceeds from the sale to your revolut account. Revolut allows all users to try cryptocurrencies. You can buy sell 3 crypto very easily from your existing fiat currency wallet and even pay with it revolut will convert back to fiat when paying. Think about what your goals are when buying cryptocurrency and then decide if buying it from revolut is the best choice. Whilst this may raise its own questions a cryptocurrency works in the same way as other currencies.

Revolut has since entered the cryptocurrency space by allowing users to buy and sell 5 different coins. A cryptocurrency is simply a virtual or digital currency that uses for its security a practice known as cryptography. This is all based on price data from bitstamp who is revolut s cryptocurrency exchange partner. How does a cryptocurrency exchange work. Share on twitter tweet.

Introducing the easiest way to instantly buy hold and exchange bitcoin ether and litecoin. You can transfer cryptocurrency to other revolut customers in the revolut app. On the exchange people indicate how much cryptocurrency they would either like to buy or sell and how much for. You cannot receive the proceeds from a sale in any other way. A cryptocurrency is a digital or virtual currency that is defined by its use of cryptography a discipline that uses mathematical concepts and techniques to secure information.

When you use the revolut app to buy and sell cryptocurrencies you will need to pay fees. Revolut s cryptocurrency prices are calculated using the volume weighted average price vwap. Share on facebook share. You can use it to buy and sell goods and services you can trade on it and you can exchange it for different currencies. Transferring or spending cryptocurrency.

Translated into plain english this means that the price is weighted in favour of the price that has seen the most volume in a defined time period. Revolut is absolutely free to use as they don t charge any fees for most of their services. Buy crypto in 25 fiat currencies it s now super easy to exchange. To buy cryptocurrency go to the cryptocurrencies section of the revolut dashboard accept the t cs and start exchanging crypto in minutes. Sell the cryptocurrency at the exchange rate at the time.