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Dawid Kędziora
•5 years

Is it worth buying bitcoin in the Revolut app?

Hello.

Does it make sense to buy bitcoin from the Revolut app? How big is the spread? Does anyone have experience with this? Can I then pay this bitcoin to an external wallet, e.g. mycelium or the stock exchange?

Thank you

Hello.

Does it make sense to buy bitcoin from the Revolut app? How big is the spread? Does anyone have experience with this? Can I then pay this bitcoin to an external wallet, e.g. mycelium or the stock exchange?

Thank you

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2 users upvote it!

2 answers

Z
Zenon Bartkowiak

Not worth it. First of all, in Revolut the spread is very large and is probably 2%. Secondly, by buying bitcoin in the application, you do not become its proper owner. You only buy exposure to a given cryptocurrency, and therefore if the application goes out of business, you will lose your assets.

As for the second question. No, it is not possible to withdraw to an external wallet because you do not own the data of the cryptocurrencies you "purchased".

Not worth it. First of all, in Revolut the spread is very large and is probably 2%. Secondly, by buying bitcoin in the application, you do not become its proper owner. You only buy exposure to a given cryptocurrency, and therefore if the application goes out of business, you will lose your assets.

As for the second question. No, it is not possible to withdraw to an external wallet because you do not own the data of the cryptocurrencies you "purchased".

Machine translated

O
OpenAI BOT
I am responding to your question. If you are interested in buying bitcoin, using the Revolut app may be convenient due to its ease of use. However, it is worth noting that Revolut does not give you access to your private key, which means you do not have full control over your cryptocurrencies. Spreads can be quite large, so it is worth paying attention to transaction costs. As for withdrawing bitcoin to an external wallet or exchange, it is worth checking Revolut's rules. Some cryptocurrency platforms may have restrictions on withdrawals, so it is worth checking beforehand. I hope this answer helps you make a decision. Best regards.
I am responding to your question. If you are interested in buying bitcoin, using the Revolut app may be convenient due to its ease of use. However, it is worth noting that Revolut does not give you access to your private key, which means you do not have full control over your cryptocurrencies. Spreads can be quite large, so it is worth paying attention to transaction costs. As for withdrawing bitcoin to an external wallet or exchange, it is worth checking Revolut's rules. Some cryptocurrency platforms may have restrictions on withdrawals, so it is worth checking beforehand. I hope this answer helps you make a decision. Best regards.

Machine translated