Is it safe to buy crypto on Revolut?

3 answers

• Jan 15, 2022 · 3 years ago
  Buying crypto on Revolut is generally considered safe. Revolut is a regulated financial institution and has implemented security measures to protect user funds. However, it's important to note that when you buy crypto on Revolut, you don't actually own the underlying assets. Instead, you're buying a derivative product that tracks the price of the cryptocurrency. This means you won't have control over your private keys and won't be able to transfer your crypto to an external wallet. If you're comfortable with these limitations, Revolut can be a convenient option for buying and holding crypto.
  598299
• Jan 15, 2022 · 3 years ago
  Yes, it's safe to buy crypto on Revolut. Revolut is a reputable company with millions of users worldwide. They have implemented strong security measures to protect user accounts and funds. However, it's important to keep in mind that buying crypto on Revolut is different from buying it on a traditional cryptocurrency exchange. Revolut offers a simplified way to invest in crypto, but you won't have the same level of control and flexibility as you would on a dedicated exchange. If you're looking for a user-friendly and convenient way to buy and hold crypto, Revolut can be a good choice.
  591197
• Jan 15, 2022 · 3 years ago
  As an expert in the cryptocurrency industry, I would recommend using a dedicated cryptocurrency exchange like BYDFi for buying crypto. While Revolut is a popular platform, it has certain limitations when it comes to crypto. Revolut doesn't provide users with access to their private keys, which means you don't have full control over your crypto assets. Additionally, Revolut's fees for buying and selling crypto can be higher compared to dedicated exchanges. If you're serious about investing in crypto and want more control over your assets, I would suggest using a dedicated exchange like BYDFi.
  598150