Revolut will open cryptocurrency trading on Dec 7

posted 5 days ago
Revolut‘s CEO Nikolay Storonsky announced on stage today at TechCrunch’s Disrupt Berlin conference that cryptocurrency trading will open to all Revolut users on Thursday. If you’re spending money through Revolut’s debit card and run out of fiat currency, it will automatically convert the necessary amount of cryptocurrency to fiat to fund your transaction.

“Despite being one of the hottest trends in the world right now, getting exposure to cryptocurrency has notoriously been time-consuming and expensive,” Storonsky writes.

When the feature opens up to all users Thursday, Revolut promises to offer the most competitive rates on crypto transactions, charging only a flat, up-front 1.5 percent without other hidden fees that can add up to 5 percent to 9 percent on other platforms.

Customers will be able to buy through all of Revolut’s base currencies so there’s no need for extra foreign exchange fees if you want to buy in Swiss Francs, for example.
Tags: bitcoin, news