## Introduction
In today’s digital age, buying Bitcoin has never been more accessible—especially through platforms like Revolut. As a leading fintech app with over 35 million users worldwide, Revolut integrates cryptocurrency trading directly into its banking ecosystem. This guide walks you through exactly how to buy Bitcoin on Revolut, breaking down the process into simple steps while highlighting key benefits and limitations. Whether you’re a crypto newbie or seasoned investor, you’ll learn how to navigate Revolut’s interface securely and efficiently.
## Why Buy Bitcoin Through Revolut?
Revolut simplifies cryptocurrency investment by combining it with everyday banking. Key advantages include:
– **All-in-one platform**: Manage fiat currency and crypto in a single app
– **Beginner-friendly interface**: Intuitive design requires no technical knowledge
– **Regulated security**: Licensed by the Financial Conduct Authority (FCA)
– **Instant transactions**: Purchase Bitcoin 24/7 with linked debit/credit cards
– **Spending integration**: Use crypto balances for everyday purchases via Revolut card
## Step-by-Step: How to Buy Bitcoin on Revolut
Follow these 7 straightforward steps to purchase Bitcoin:
1. **Create/Log in to Your Revolut Account**
– Download the Revolut app (iOS/Android)
– Complete registration with ID verification (passport, driver’s license)
2. **Enable Crypto Features**
– Navigate to ‘Wealth’ > ‘Crypto’ in the app
– Accept terms and conditions for cryptocurrency trading
3. **Fund Your Revolut Account**
– Tap ‘Add Money’ to transfer GBP, EUR, or USD
– Use bank transfer, debit card, or Apple/Google Pay
4. **Access the Bitcoin Trading Section**
– Select ‘Crypto’ from the bottom menu
– Choose Bitcoin (BTC) from the list of coins
5. **Enter Purchase Details**
– Specify amount in fiat currency (e.g., £50) or Bitcoin quantity
– Review real-time exchange rate and fees
6. **Confirm Your Transaction**
– Double-check amount and fees
– Authenticate with PIN/biometric verification
7. **Monitor Your Investment**
– View BTC holdings in your crypto wallet
– Set price alerts for market movements
## Understanding Revolut’s Bitcoin Fees & Limits
While convenient, Revolut imposes specific costs and restrictions:
– **Trading fees**: 1.5%-2.5% spread (difference between buy/sell prices)
– **Weekend premiums**: +1% fee on Saturdays/Sundays
– **Monthly limits**:
– Standard users: £1,000 purchase limit
– Premium/Metal: Up to £100,000 with lower fees
– **Withdrawal restrictions**:
– Basic accounts cannot transfer BTC to external wallets
– Premium/Metal users get limited external withdrawals
## Critical Security Considerations
Protect your investment with these precautions:
– **Custodial risk**: Revolut controls your private keys—you don’t “own” Bitcoin outright
– **Enable 2FA**: Add extra login security in Settings
– **Avoid public Wi-Fi**: Only trade on secure networks
– **Diversify storage**: For large holdings, move funds to hardware wallets (where permitted)
## Revolut vs. Traditional Exchanges: Key Differences
| Feature | Revolut | Exchanges (e.g., Coinbase) |
|——————|———————–|—————————-|
| Wallet Control | Custodial | Self-custody options |
| Fees | Higher spreads | Lower trading fees |
| Withdrawals | Restricted | Full external transfers |
| User Experience | Simplified banking UI | Advanced trading tools |
## Frequently Asked Questions (FAQ)
**Q: Can I transfer my Revolut Bitcoin to an external wallet?**
A: Only Premium/Metal subscribers can withdraw BTC externally. Standard users must sell within Revolut.
**Q: What’s the minimum Bitcoin purchase on Revolut?**
A: You can buy as little as £1 worth of Bitcoin (approx 0.000015 BTC at current rates).
**Q: Are Revolut crypto transactions taxable?**
A: Yes—capital gains tax may apply when selling BTC. Revolut provides transaction history for tax reporting.
**Q: How quickly are Bitcoin purchases processed?**
A: Transactions complete instantly during market hours. Weekend orders may experience slight delays.
**Q: Is my Bitcoin insured on Revolut?**
A: Crypto assets aren’t covered by FSCS protection. Revolut uses cold storage for 95% of funds.
## Final Tips for Smart Bitcoin Buying
Revolut offers unmatched convenience for casual crypto investing, but remember:
– Start small to test the platform
– Track fees—they add up on frequent trades
– Upgrade to Premium if you plan serious investing
– Never invest more than you can afford to lose
By following this guide, you’ve mastered the essentials of buying Bitcoin through Revolut. While not ideal for advanced traders, its seamless integration with everyday finance makes it a top choice for beginners entering the crypto space. Always stay informed about market risks and Revolut’s evolving policies to invest wisely.
