How to Buy Bitcoin with Revolut: Step-by-Step Guide for 2023

Introduction: Buying Bitcoin Made Simple

Revolut has revolutionized how millions manage money, and now it’s transforming cryptocurrency access. This guide explains exactly how to buy Bitcoin with Revolut – no technical expertise required. Whether you’re new to crypto or seeking a streamlined solution, we’ll walk you through every tap and swipe.

Why Buy Bitcoin Through Revolut?

Revolut simplifies crypto investing with unique advantages:

• All-in-One App: Manage fiat and crypto in a single interface
• Beginner-Friendly: Intuitive design eliminates complex exchanges
• Instant Purchases: Buy Bitcoin 24/7 with linked bank funds
• Built-In Security: Bank-grade protection with FDIC insurance on USD balances
• Spending Integration: Convert crypto to fiat for everyday purchases

Setting Up Your Revolut Account

Before buying Bitcoin:

1. Download Revolut from App Store or Google Play
2. Complete identity verification (requires photo ID)
3. Link your bank account or debit card
4. Enable cryptocurrency access in Wealth > Crypto section
5. Set up two-factor authentication for security

How to Buy Bitcoin on Revolut: Step-by-Step

1. Open Revolut app and tap ‘Wealth’ at the bottom
2. Select ‘Crypto’ from the investment options
3. Search for Bitcoin (BTC) and tap it
4. Click the ‘Buy’ button
5. Enter amount in your local currency (e.g., $50) or Bitcoin quantity
6. Review transaction details including Revolut’s 1.49% fee
7. Confirm purchase with Face ID/PIN
8. Bitcoin appears in your crypto portfolio instantly

Pro Tip: Set up recurring buys for dollar-cost averaging in the ‘Schedule’ option.

Understanding Revolut Bitcoin Fees & Limits

Revolut’s transparent fee structure:

• Purchase Fee: 1.49% per transaction (lower than Coinbase’s 3.99%)
• Exchange Fee: 2% when converting crypto to fiat
• Monthly Limits: Up to $200,000 based on account tier
• Withdrawal Restriction: Cannot transfer Bitcoin off Revolut (custodial-only)

Storing and Managing Your Bitcoin

Revolut acts as your cryptocurrency custodian:

• View real-time price charts and portfolio performance
• Set price alerts for market movements
• Automatically round up spare change to invest in Bitcoin
• Access educational content about blockchain technology

Important: Since you don’t control private keys, Revolut isn’t suitable for large, long-term holdings.

Selling Bitcoin on Revolut

Convert BTC to cash in three taps:

1. Go to Wealth > Crypto > Bitcoin
2. Tap ‘Sell’ and enter amount
3. Confirm transaction – funds arrive in your Revolut account immediately

Security Best Practices

Protect your crypto assets:

• Enable biometric login and transaction confirmations
• Never share your 6-digit passcode
• Use Revolut’s ‘Disposable Virtual Cards’ for online purchases
• Monitor account activity with push notifications

Frequently Asked Questions (FAQ)

Q: Can I withdraw Bitcoin from Revolut to my private wallet?
A: No. Revolut operates a custodial model – your Bitcoin stays within their ecosystem.

Q: What’s the minimum Bitcoin purchase on Revolut?
A: You can buy as little as $1 worth of Bitcoin with no minimum fee.

Q: Are crypto profits taxable?
A: Yes – Revolut provides transaction history for tax reporting. Consult local regulations.

Q: How long do Bitcoin purchases take?
A: Transactions complete instantly during market hours. Weekends may experience slight delays.

Q: Is Revolut safer than crypto exchanges?
A: Revolut offers bank-level security but lacks cold storage. Ideal for smaller, active holdings.

Final Thoughts

Learning how to buy Bitcoin with Revolut opens crypto investing to mainstream users. While limitations exist for advanced traders, its seamless integration with everyday banking makes it perfect for first-time buyers. Start small, use security features, and explore crypto’s potential through one of fintech’s most innovative platforms.