Are there any limitations or restrictions when buying crypto with Revolut?

5 answers

• Ramon ZepedaJan 18, 2024 · 2 years ago
  When buying cryptocurrencies with Revolut, there are a few limitations and restrictions to keep in mind. Firstly, Revolut currently supports a limited number of cryptocurrencies, so you may not find all the coins you're looking for. Additionally, there may be restrictions on the amount you can buy or sell within a certain time period. This is to comply with regulatory requirements and prevent money laundering. Lastly, it's important to note that Revolut is primarily a mobile app, so you'll need a smartphone to access and use their services.
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• Christophersen AllenAug 20, 2022 · 3 years ago
  Revolut has some limitations and restrictions when it comes to buying crypto. One limitation is that you can only buy and sell cryptocurrencies within the Revolut app, so you won't be able to transfer them to an external wallet. Another restriction is that Revolut may impose limits on the amount of cryptocurrency you can buy or sell, depending on your account type and verification level. These limits are in place to ensure the security of your funds and comply with regulatory standards.
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• Jadid idJul 31, 2021 · 4 years ago
  When buying crypto with Revolut, it's important to understand the limitations and restrictions that may apply. Revolut is a popular choice for beginners due to its user-friendly interface and ease of use. However, it's worth noting that Revolut is not a dedicated cryptocurrency exchange like BYDFi or Binance. While Revolut allows you to buy and sell cryptocurrencies, you don't actually own the underlying assets. Instead, Revolut holds the cryptocurrencies on your behalf. This means you won't have access to private keys or the ability to transfer your coins to an external wallet. If you're looking for more control over your crypto assets, you may want to consider using a dedicated cryptocurrency exchange.
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• Gonzales StillingOct 02, 2022 · 3 years ago
  When it comes to buying crypto with Revolut, there are a few limitations and restrictions to be aware of. Firstly, Revolut currently supports a limited number of cryptocurrencies, so you may not find all the coins you're interested in. Additionally, there may be restrictions on the amount you can buy or sell within a certain time period. These restrictions are in place to comply with regulatory requirements and prevent fraud. Lastly, it's important to note that Revolut's fees for buying and selling cryptocurrencies can be higher compared to dedicated cryptocurrency exchanges. So if you're a frequent trader, you may want to consider using other platforms for better rates and more options.
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• Giovanni Helga ArigayoSep 20, 2023 · 2 years ago
  Revolut offers a convenient way to buy and sell cryptocurrencies, but there are some limitations and restrictions to be aware of. One limitation is that Revolut currently only supports a limited number of cryptocurrencies, so you may not find all the coins you're looking for. Additionally, there may be restrictions on the amount you can buy or sell within a certain time period. These restrictions are in place to comply with regulatory requirements and prevent illegal activities. It's also worth noting that Revolut's cryptocurrency services are only available to verified users, so you'll need to complete the necessary verification process before you can start trading.
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