Revolut Review & Rating 2022
Do you want to invest in Bitcoin, the father of all cryptocurrencies?
You can use a variety of payment options to reach your goal. This includes the ability to buy bitcoin with Revolut. It is an innovative way to pay quickly and easily from anywhere you are.
This review will explain what Revolut actually is and how you can buy Bitcoin safely and effectively.
All the benefits you can enjoy, the commissions and costs expected to lower your expenses, and how convenient it is to buy Bitcoin with Revolut will be apparent.
No matter if you have a Revolut or not, you can still learn why Revolut could prove to be the best financial decision you make in 2018.
Over the past few years, the financial sector has been experiencing a revolution from many perspectives. The unstoppable digitization and modernization of payment methods and financial services is the first major change. The second is the increased use of cryptographic tools.
Revolut is an online reality that was born in the past few years and aims to bring together both the best of both worlds, providing a complete service.
What is Revolut?
Revolut Ltd, a fintech company based in the UK was actually founded in 2015. It was granted unicorn status in 2018. It has been valued at over a billion dollars.
It offers a digital banking system with state-of-the art features that allows you to access financial services via a mobile app.
Revolut, which has more than 18 million users around the world, is a bank account. With just a few steps, this tool makes it easy to open and manage your financial transactions from your smartphone. It can be used for many purposes, including:
- You can shop online or in stores, even overseas.
- Wire transfers allow you to make payments immediately.
- Send money overseas with no fees
- analyze your expenses in detail,
- Save money for your projects
- Make donations
- Get insurance.
- You can also exchange cryptocurrencies.
Download the Revolut App to Access the Above Services. It is available for Apple iPhones, iPads, and iPod Touch with Operating System iOS 13 or higher, as well as for Apple Macs with operating systems 11.0 and above, and Android smartphones with operating systems 6.0 and higher.
Revolut operates on the freemium model. A standard plan with no cost is available, as well as the Premium, Plus and Metal plans that have higher ceilings and offer additional services.
Revolut: The Benefits
What are the benefits of buying Bitcoin with Revolut
First, you have the option to conduct your financial operations at Zero Commissions: Revolut offers, in actuality, the opening a Basic Account which does not include any Commission.
Revolut offers a free annual fee and allows you to transact in around 120 currencies. This makes it one of the most popular financial solutions worldwide.
Revolut is available to companies, and it's possible to connect a current account with Revolut in order make and receive transfer payments.
Revolut allows you to monitor all of your movements and access all services provided by the company via the App.
Indeed. The Revolut App is innovative, but simple to use. It also has many useful tools that can be used by anyone who wants to.
Revolut customer support can be reached if you have any questions about the services, need to block your card, or are having problems using the app.
Fintech based in London offers several ways to reach customer service in the event of a need. First, you can call the operator and speak to someone who will help you resolve any problem.
Revolut does not have a toll-free number, but there is an automated phone line at +442033228352 that allows you to request the block of your Revolut card in the event of theft or loss. This will prevent anyone from using the card.
Contacts with other Revolut members
Revolut customer service is available by phone as well. You have many options to contact the digital bank. These include the in-app chat, which is available 24 hours a days, seven days a semaine. Open the Revolut app and click on the symbol (?) to chat with an operator. Click on the symbol (?) at the top of the screen, then click on New chat
After this, you can now ask any questions or raise doubts about your digital account to a virtual assistant who is trained to answer all your requests.
You can find more information about Revolut services in the FAQ section. In this instance, you will need to open the app and go to Dashboard. After pressing the (?) button, type the question in the search bar. Type the question into the search bar. You can also choose a question from the list (e.g., How do I verify my identity?) You can also choose a topic.
You can also contact other users by tapping the item Ask our Community. 18 million people are available to help. Simply select one of the topics or ask a question, and then wait for the answer.
You can also consult the official blog for interesting articles about the key topics.
Revolut allows users to chat with an operator in-app chat support if they are making a formal complaint.
Finally, those who prefer to use a computer can connect to the Desktop website and click the Help icon at the top left to resolve any issues.
Products and Services
Revolut specifically offers the following financial services
- Bank services
- Currency Exchange
- Cryptocurrency exchanges
- peer-to-peer payments
Revolut App - Buy Bitcoin
The Revolut app is a practical and useful tool that allows you to manage your assets, and convert them into more than 120 currencies. It is also possible to trade, buy and sell approximately 30 cryptocurrencies.
Get the Revolut app
Download the Revolut App for iOS or Android. Simply go to the digital store on your device and download the app. Wait for it to install.
You will be able to use this app even if Revolut has been around for a while.
Register at Revolut
Revolut's services are easy to use in just a few moments. To access the app, you will first need to enter your telephone number and create a 6-digit passcode.
To confirm your number, you will be sent an SMS. You can then proceed with account opening. The next step is to provide personal information like your Name, Surname, and Date of birth.
After that, you'll need to enter your address and email address. To verify your identity, insert the image from your identity document. You will then need to take a photo with your smartphone's camera.
You will be asked at the end of the process whether you want a virtual or physical card. There are four options with different rates and services.
Bitcoins for Sale
After the Revolut app is launched, you will be able to go to the "Investments” section by clicking the second icon at bottom. You can view the assets by tapping on "Invest", including cryptocurrencies, by clicking on the second icon at bottom.
Tap on the symbol to buy Bitcoin. A screen will appear with information and a graph. You can also buy Bitcoin for as low as EUR1 with just a few screen taps.
Revolut allows you to only invest in cryptocurrency but it does not actually own the asset. You cannot move your Bitcoin, Litecoin or Cardano. on a personal wallet.
Revolut offers a prepaid card as well as an app for IOS or Android mobile devices, which allows you to make ATM purchases in 120 currencies.
There are many financial services available that offer sophisticated payment options to enable customers to access the most current financial solutions.
Already 18 million people have chosen to use Revolut to maximize the financial potential of the App.
Revolut's unique feature is its ability to store, buy and exchange cryptocurrencies with your own money.
With the 5 major cryptocurrencies currently in circulation, you can exchange 30 currencies
- Bitcoin Cash.
You can also activate a Revolution card. This is a prepaid card issued by the same company and linked to the account app. It relies on the Mastercard circuit. You can make transactions in foreign currencies with the Revolut Card. You can also use the app to calculate the current exchange rate, which will allow you to make transactions with the card.
Revolut cards allow you to make payment by credit card or ATM withdrawals. It supports Apple Pay, Google Pay wallets and NFC technology to make contactless POS payments.
This support allows you to convert to the payment currency at an interbank exchange rate. You can also select the cryptocurrency or currency to be used for each payment.
The activation of the Revolut Card does not come with any additional costs. You can also get it with the standard app plan. If you select the physical card over the virtual, shipping and delivery will be charged. You will need to activate the card by going to the "Cards” section of the app. Choose the "Physical", or "Virtual", option.
You can also use the app to access your Revolut card. It can be used to make outgoing transfers and send and receive money via P2P. These transactions are free, but the amount depends on which plan you choose. Revolut cards reduce commissions on foreign transactions that traditional credit card circuits charge.
Revolut, as we've already said, offers zero commissions in order to perform the necessary transactions. But it also offers more.
You can open many types of accounts depending on your preferences and needs. Each account has its own set of services and offers different offers depending on which type you choose.
Revolut Account Types
You can choose one of these account types when you open your Revolut Account:
We will explain the differences between accounts before you proceed to help you make an informed decision.
The Standard subscription is free and provides basic Revolut accounts. You can open a UK account for free, and receive a euro IBAN account. You can also obtain:
- The ability to shop in more 150 currencies, at the interbank rate;
- Exchange without hidden commissions up to EUR 6,000/month;
- Cash withdrawals from ATMs are possible without commissions for amounts up to EUR 200 per month.
Plus is the first paid revolut subscription. This account requires that you pay EUR2.99 per month. This account offers refunds up to EUR1000 for damaged or stolen products.
It also offers a better and more secure return window, as well as refunds in the event of cancellation.
You can subscribe to Premium if you're interested in additional options. It costs EUR7.99 per monthly. This subscription includes all the benefits of the Standard account plus the following:
- Exchange without hidden fees in 30 fiat currencies, no monthly limit
- Withdrawals from ATMs with no commissions up to 400 Euros per month; International medical insurance
- Insurance for baggage and flight delays
- Global Express / Priority Card Delivery
- Priority customer support; instant access to 5 cryptocurrency
- You can request a premium card with a unique design.
- The ability to create disposable virtual cards, and access via loungekey pass
Subscription for Metal
You can also subscribe to metal for EUR13.99/month, if you are looking for all Revoult has to offer. You get all the premium account benefits plus the following:
- Withdraw from ATMs with no commissions for up to EUR600 per Month
- exclusive Revolut Metal cards;
- You have the option to receive up to 0.1% cashback in Europe, and as much as 1% abroad for every card payment.
- You have access to a concierge who can help you better manage your life.
All Subscriptions Have the Same Functions
However, accounts do have common options. In particular, you can:
- To make virtual cards and use them for online payments or Apple Pay (if your iPhone is equipped with it),
- Currency Conversion
- Monitoring of international exchange rate
- Advanced Statistics about their spending habits
- The setting of global monthly spending budgets for different categories;
- Revolut users can send and receive money immediately; they also have the option to make bank transfer and regular payments.
- Virtual Piggy Bank was created to allow people to save money for their projects, even those that are part of a larger group.
- donations, and access to cryptocurrencies (available to Premium and Metal users and by inviting their friends and family to try Revolut).
Revolut's CEO stated that the company is expanding into cryptocurrency wallets decentralized and also considering the mortgage industry as it moves forward with its strategy to be a "superapp".
Revolut's short-term goals are to expand its remittance services and launch a buy now, pay soon product. However, the CEO Nik Storonsky said that Revolut needs to work harder to be a one-stop source for financial services.
He told Reuters that he had a few ideas for decentralized wallets and enabling crypto withdrawals and deposits.
He said that the company should also consider expanding into mortgages as home loans are "a very important part of consumers financial lives."
Superapps like China's WeChat are gaining popularity in other parts, but all-in-one platforms remain elusive in the United States or Europe.
Revolut is not the only one trying to be a global financial superapp. Global brands like Walmart (WMT.N), Amazon (AMZN.O), and IKEA (IKEA) are removing the traditional financial intermediary and bringing in software from tech startups to provide customers with everything they need, from credit and banking to insurance.
Revolut will also open new remittance channels to allow its U.S. customers to send money across the border in as little as 30 minutes. Revolut recently introduced fast transfers from the United States into Chile, Brazil, and South Korea.
It's incredible because it is impossible for anyone else to do it. Storonsky stated that not one of the three major money transfer services, WorldRemit, [Wise], or Western Union has this ability to instantly make a fee-free money transfer.