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Revolut

  • 11-12-2017 01:12PM
    #1
    lookingahead
    Registered Users, Registered Users 2 Posts: 15 ✭


    HI,

    Anyone using Revolut? I see it is allowing you to buy Bitcoin/Etherum/Litecoin.

    Does none know if I buy Etherum here can you then transfer to Binance?

    I presume you can transfer from any broker once yyou know your adress is it?

    Regards


«1

Comments

  • #2
    Kenny Logins
    Registered Users, Registered Users 2 Posts: 9,061 ✭✭✭Kenny Logins


    No, you cannot withdraw or send crypto yet. Only internal exchanges.


  • #3
    discombobulate
    Registered Users, Registered Users 2 Posts: 2,845 ✭✭✭discombobulate


    They say that their taking the pricing from BitStamp minus 1.5%. I'm finding it to be around 2%. Very quick way to get in on Bitcoin but as stated you don't actually own the Bitcoin so can't transfer in/out.


  • #4
    Truckermal
    Registered Users, Registered Users 2 Posts: 6,043 ✭✭✭Truckermal


    I went with them as I allready have a card and use it a good bit plus find them good to deal with..


  • #5
    DeSelby83
    Registered Users, Registered Users 2 Posts: 2,627 ✭✭✭DeSelby83


    Wait so you can buy it with them but it then stays with them?? Presumably they are working on letting us send it to other address no?


  • #6
    EagererBeaver
    Registered Users, Registered Users 2 Posts: 6,899 ✭✭✭EagererBeaver


    Anyone know if it's possible to withdraw fiat to Revolut using their IBAN enabled accounts?


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  • #7
    discombobulate
    Registered Users, Registered Users 2 Posts: 2,845 ✭✭✭discombobulate


    EagererBeaver wrote: »
    Anyone know if it's possible to withdraw fiat to Revolut using their IBAN enabled accounts?

    I’ve done it from kraken


  • #8
    banie01
    Registered Users, Registered Users 2 Posts: 18,633 ✭✭✭✭banie01


    EagererBeaver wrote: »
    Anyone know if it's possible to withdraw fiat to Revolut using their IBAN enabled accounts?

    Yes, I've withdrawn from Kraken and coinbase to my Revolut ;)


  • #9
    EagererBeaver
    Registered Users, Registered Users 2 Posts: 6,899 ✭✭✭EagererBeaver


    Thanks, lads.


  • #10
    FrankGrimes
    Registered Users, Registered Users 2 Posts: 4,036 ✭✭✭FrankGrimes


    I've been wanting to buy some crypto currencies but with building a house have not had time to research the mechanics of purchasing, storing etc. to the extent I would like. I've had very positive experiences using Revolut so this seems an interesting avenue if it simplifies the barrier to entry, and 2% is a price I'd be willing to pay for that.

    I'm thinking of buying a relatively small amount, say 2,000 euro, to get started and try it out, and then make a bigger decision on what to do once the house is finished in a few months. Any major red flags to be aware of before opting for that approach?

    Revolut site says:
    Instantly transfer it to other Revolut users for free.
    Exchange it into any other crypto or fiat currency using the best possible rates.

    So it looks like converting it to Euro and then using that for online purchases is relatively straightforward?


  • #11
    Whelo79
    Registered Users, Registered Users 2 Posts: 2,640 ✭✭✭Whelo79


    FrankGrimes wrote: »
    I've been wanting to buy some crypto currencies but with building a house have not had time to research the mechanics of purchasing, storing etc. to the extent I would like. I've had very positive experiences using Revolut so this seems an interesting avenue if it simplifies the barrier to entry, and 2% is a price I'd be willing to pay for that.

    I'm thinking of buying a relatively small amount, say 2,000 euro, to get started and try it out, and then make a bigger decision on what to do once the house is finished in a few months. Any major red flags to be aware of before opting for that approach?

    Revolut site says:
    Instantly transfer it to other Revolut users for free.
    Exchange it into any other crypto or fiat currency using the best possible rates.

    So it looks like converting it to Euro and then using that for online purchases is relatively straightforward?

    The downside is it's held on your revolut card and you cannot transfer it to exchanges to trade for other all coins. I believe you can only trade between the coins supported by revolut.


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  • #12
    shakedown
    Registered Users, Registered Users 2 Posts: 213 ✭✭shakedown


    If you're ok with the 2% convenience tax and don't have a need to move the crypto outside of Revolut then go for it. I haven't personally used Revolut for crypto transactions, but don't see anything bad that they're doing.


  • #13
    Truckermal
    Registered Users, Registered Users 2 Posts: 6,043 ✭✭✭Truckermal


    I use Revolut as I'm a complete noob to Crypto but I did make a nice earning before Christmas and the great thing is use can use your Revolut card to withdraw your profits from any ATM or spend it on Holidays.


  • #14
    soirish
    Registered Users, Registered Users 2 Posts: 716 ✭✭✭soirish


    There is a new kid in town
    https://www.boards.ie/vbulletin/showthread.php?p=105753786


  • #15
    shakedown
    Registered Users, Registered Users 2 Posts: 213 ✭✭shakedown


    soirish wrote: »
    There is a new kid in town
    https://www.boards.ie/vbulletin/showthread.php?p=105753786

    Oh that reminds me - VISA banned a lot of bitcoin based debit cards recently, not incl. Monaco or Revolut, but it could be seen as a potential risk using these.

    https://www.reddit.com/r/Bitcoin/comments/7oabzl/all_bitcoin_visa_debit_cards_are_now_cancelled/


  • #16
    FrankGrimes
    Registered Users, Registered Users 2 Posts: 4,036 ✭✭✭FrankGrimes


    Thanks for the replies. Reckon I'll go ahead and try it out...let's see how it goes...


  • #17
    The Caveman
    Registered Users, Registered Users 2 Posts: 288 ✭✭The Caveman


    Hi, can somebody please explain...

    with Revolut

    Lets say i buy €100 worth of Bitcoin, ( dot worried about fees, etc) can I transfer it to my own separate non revolut wallet?


  • #18
    discombobulate
    Registered Users, Registered Users 2 Posts: 2,845 ✭✭✭discombobulate


    The Caveman wrote: »
    Hi, can somebody please explain...

    with Revolut

    Lets say i buy €100 worth of Bitcoin, ( dot worried about fees, etc) can I transfer it to my own separate non revolut wallet?
    No. Your not buying the coins on revolut. Can’t deposit or withdraw.


  • #19
    MOBH
    Registered Users, Registered Users 2 Posts: 19 ✭MOBH


    Question for you.. before I upgrade to premium I want to understand something. I have money in Coinbase & other exchanges. Can I transfer these coins (BTC/ETH/LTC) to my Revolut account and then convert it to FIAT and use it to buy stuff? Thanks


  • #20
    seannash
    Registered Users, Registered Users 2 Posts: 5,665 ✭✭✭seannash


    MOBH wrote: »
    Question for you.. before I upgrade to premium I want to understand something. I have money in Coinbase & other exchanges. Can I transfer these coins (BTC/ETH/LTC) to my Revolut account and then convert it to FIAT and use it to buy stuff? Thanks
    No,
    I thought you could also but you cant. It doesn't allow you to transfer or receive any crypto's


  • #21
    MOBH
    Registered Users, Registered Users 2 Posts: 19 ✭MOBH


    Thats disappointing - so basically all it offers is a place for you to buy them and they store them for you. Not even giving you full ownership to move/transfer them as you like?


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  • #22
    Kenny Logins
    Registered Users, Registered Users 2 Posts: 9,061 ✭✭✭Kenny Logins


    MOBH wrote: »
    Thats disappointing - so basically all it offers is a place for you to buy them and they store them for you. Not even giving you full ownership to move/transfer them as you like?

    Not yet, no.


  • #23
    huddlejonny
    Registered Users, Registered Users 2 Posts: 403 ✭✭huddlejonny


    MOBH wrote: »
    Thats disappointing - so basically all it offers is a place for you to buy them and they store them for you. Not even giving you full ownership to move/transfer them as you like?

    You could convert them to fiat and cash out immediately if needs be.


  • #24
    S.M.B.
    Registered Users, Registered Users 2 Posts: 9,383 ✭✭✭S.M.B.


    Revolut is no longer working as a middleman between my bank account and Kraken as of 1st May.

    They are saying as a result of being an FCA regulated entity they have to enforce a whitelist of trading platforms they are happy to send /receive SEPA transfers.

    Coinbase / GDAX are in the whitelist but kraken isn't.

    Not ideal. Might be the reason why I cash out everything. Think I'll try go Kraken > Fire > Revolut > My Account


  • #25
    discombobulate
    Registered Users, Registered Users 2 Posts: 2,845 ✭✭✭discombobulate


    S.M.B. wrote: »
    Revolut is no longer working as a middleman between my bank account and Kraken as of 1st May.

    They are saying as a result of being an FCA regulated entity they have to enforce a whitelist of trading platforms they are happy to send /receive SEPA transfers.

    Coinbase / GDAX are in the whitelist but kraken isn't.

    Not ideal. Might be the reason why I cash out everything. Think I'll try go Kraken > Fire > Revolut > My Account
    Balls. Received money to revolut on 30 april from kraken. Will they just reject it now then and it go back. Do you have a link to where they stated this?


  • #26
    S.M.B.
    Registered Users, Registered Users 2 Posts: 9,383 ✭✭✭S.M.B.


    discombobulate wrote: »
    Balls. Received money to revolut on 30 april from kraken. Will they just reject it now then and it go back. Do you have a link to where they stated this?
    Yeah, gets rejected and sent back. Mate mentioned it to me yesterday so I did a bit of homework.

    This appears to sum up the situation.

    https://community.revolut.com/t/kraken-sepa-withdrawal-reverted/38421/26


  • #27
    el diablo
    Registered Users, Registered Users 2 Posts: 5,803 ✭✭✭el diablo


    I'm trying to register an account with Revolut using my Irish address. It won't accept my Dublin postcode though (I've tried it in various different forms but to no avail). Anyone know of a solution to this?

    Orange pilled.



  • #28
    CryptoReview
    Registered Users, Registered Users 2 Posts: 27 ✭CryptoReview


    el diablo wrote: »
    I'm trying to register an account with Revolut using my Irish address. It won't accept my Dublin postcode though (I've tried it in various different forms but to no avail). Anyone know of a solution to this?

    Try deleting the app and installing again. I had the same problem.


  • #29
    cillwal
    Registered Users, Registered Users 2 Posts: 2 ✭cillwal


    Wrong thread


  • #30
    dozy doctor
    Registered Users, Registered Users 2 Posts: 751 ✭✭✭dozy doctor


    banie01 wrote: »
    Yes, I've withdrawn from Kraken and coinbase to my Revolut ;)

    Do you know if you can send directly from Bittrex to Revolut or does it need to go from bittrex to coinbase and then to revolut?


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  • #31
    iba
    Registered Users, Registered Users 2 Posts: 2,645 ✭✭✭iba


    Hi Guys,

    Im looking for some help.

    I moved countries and thus my phone number changed. So I chatted with the Revolut Bot and it told me to delete the app and reinstall it with my new phone number. But alas, the app does not accept my new phone number and now I can't use the app at all.

    I want to create a topic in the Revoult community or contact admin in Revoult but I cant find the options to do either.

    Does anyone know how to do either please?

    Thanks


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