Buying Bitcoin has never been more accessible, and Revolut’s integrated platform makes it incredibly straightforward. As a leading fintech app with over 35 million users worldwide, Revolut allows you to purchase, hold, and sell Bitcoin alongside traditional banking services—all within a single interface. This guide walks you through the entire process, highlights key benefits, and addresses common questions to help you start your crypto journey confidently.
## Step-by-Step Guide to Buying Bitcoin on Revolut
Follow these simple steps to purchase Bitcoin using your Revolut account:
1. **Open a Revolut Account**: Download the Revolut app (iOS/Android), sign up, and complete identity verification (KYC) by submitting a photo ID and selfie.
2. **Enable Crypto Trading**: Navigate to the ‘Wealth’ tab > ‘Crypto’ section. Agree to the terms if it’s your first time accessing crypto features.
3. **Fund Your Account**: Top up your Revolut balance via bank transfer, card payment, or existing balance. GBP, EUR, and USD are all accepted.
4. **Select Bitcoin**: Tap ‘Buy’ in the Crypto section, choose Bitcoin (BTC), and enter the amount you wish to purchase (minimum £1 equivalent).
5. **Review and Confirm**: Check the live exchange rate, fees, and total cost. Swipe to confirm the transaction.
6. **Secure Your Investment**: Your Bitcoin appears instantly in your Revolut Crypto portfolio. Enable security features like PIN codes and two-factor authentication for protection.
## Key Benefits of Buying Bitcoin via Revolut
Revolut simplifies crypto investing with several advantages:
* **All-in-One Convenience**: Manage fiat and crypto in a single app—no external wallets or exchanges needed.
* **Beginner-Friendly Interface**: Intuitive design with real-time price charts and educational resources.
* **Enhanced Security**: Funds are insured up to £85,000 via FSCS (UK), with biometric login and transaction monitoring.
* **Instant Transactions**: Purchases execute in seconds during market hours (weekdays 9 AM–5 PM GMT).
* **Low Minimums**: Start investing with as little as £1, ideal for dollar-cost averaging.
## Important Risks and Limitations
While convenient, consider these factors before buying:
* **Custodial Control**: Revolut holds your Bitcoin’s private keys—you can’t transfer it to external wallets directly.
* **Fees**: Revolut charges a 1.49%–2.49% spread (price difference) on buys/sells, plus a 1.99% commission for premium/metal users.
* **Volatility**: Bitcoin’s price can fluctuate wildly—never invest more than you can afford to lose.
* **Regulatory Uncertainty**: Crypto regulations vary by region and may impact Revolut’s services.
## Frequently Asked Questions (FAQ)
**Q: Is buying Bitcoin on Revolut safe?**
A: Yes, Revolut uses bank-level security and complies with financial regulations. However, as a custodial service, you rely on their infrastructure—unlike non-custodial wallets where you control keys.
**Q: Can I withdraw Bitcoin to my private wallet?**
A: Currently, Revolut doesn’t support external Bitcoin transfers. You can only buy, hold, or sell within the app.
**Q: What are the fees for buying Bitcoin?**
A: Expect a 1.49% spread fee for standard users (2.49% on weekends) + a 1.99% commission for premium plans. No deposit fees for GBP/EUR transfers.
**Q: How quickly do Bitcoin purchases process?**
A: Transactions are instant during market hours. Weekend orders may delay until Monday.
**Q: Does Revolut charge for crypto storage?**
A: No—holding Bitcoin in your Revolut account is free. Fees apply only when buying/selling.
**Q: Can I set up recurring Bitcoin purchases?**
A: Yes! Use the ‘Recurring Buys’ feature to automate daily, weekly, or monthly investments.
Revolut offers a seamless gateway into Bitcoin for newcomers, combining ease of use with robust security. While its custodial model limits advanced crypto flexibility, it’s ideal for casual investors prioritizing simplicity. Always research market risks, diversify your portfolio, and start small to build confidence. Ready to begin? Open your Revolut app and take the first step toward crypto ownership today.
