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HOW TO DEPOSIT CRYPTOCURRENCIES FROM OTHER EXCHANGES (BINANCE, COINBASE, ETC.) TO REVOLUT?

Revolut is a digital application that provides most of the things a bank could provide. Imagine PayPal, but instead of connecting it to your credit card, it IS your credit card. You open an account, put your money on it and start using it. From virtual cards to debit and credit cards, they offer multiple options.

You can also use their app and pay for regular subscriptions from your account with great cash back bonuses.

You can earn interest, invest in multiple different assets and even connect your bank/investment accounts in the Revolut app.

This unique but also common approach of Revolut allows it to be a perfect banking experience for cryptocurrency users. It works in the fiat world, but also allows you to buy cryptocurrencies. This way, you can continue your crypto life, without fiat payments disturbing your flow.

 If you’re sick and tired of constantly going to your exchange, converting your cryptos to fiat, then withdrawing it to your bank account and using your card just to pay for a coffee, or just withdrawing a larger amount of crypto just in case, then you’ve come to the right place. With Revolut, you could have it all in one account and you don’t need to cash out cryptocurrencies any time you need to pay for something.

This, of course, comes with a bad problem that Revolut has, unable to deposit cryptocurrencies you bought elsewhere. If you want, you can deposit fiat and then buy cryptocurrencies into your Revolut account, but you can’t deposit cryptocurrencies you have at places like Binance into your Revolut account. If you want to read what Revolut said about this, you can check out this post they created.

They mention that they are “actively working” on it, but at the moment it is not possible to do so. There are also other problems, such as the limited number of countries you can use it for, US citizens could easily use it and you can use it anywhere else in the world as if it was a US account, but it wouldn’t work for your own fiat for most nations.

CONCLUSION
Revolut is not doing something that no one else is doing, but it also has a unique approach to doing the same thing. Unfortunately, if you are looking to deposit your cryptos with Revolut, then you should start looking elsewhere.

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