Revolut Review crypto broker 2024

Our veredict

Revolut offers a robust and user-friendly platform for both traditional banking and cryptocurrency trading, making it an excellent choice for new investors. Its integration of traditional banking services with cryptocurrency options, such as the ability to buy, sell, and hold various cryptocurrencies directly within the app, provides a seamless experience for users looking to diversify their financial portfolio. The platform’s strengths lie in its ease of use, accessibility through a mobile app, and additional features like disposable virtual cards, making it highly convenient for those new to the crypto space.

However, there are some drawbacks to consider. Revolut’s fees for cryptocurrency transactions can be relatively high compared to other dedicated crypto exchanges, and its crypto services are somewhat limited in terms of advanced trading features. Additionally, customer support is primarily in-app and can be slow, which might be frustrating for users who encounter issues. Despite these downsides, Revolut remains a solid option for beginners and those who prefer a combined traditional and crypto banking experience.

Pros

1. Easy-to-use Mobile App: Revolut’s mobile app offers a streamlined and intuitive interface, making it simple for users to navigate and manage their cryptocurrency investments alongside their traditional banking needs.
2. Secure Virtual Cards: Revolut offers disposable virtual cards, enhancing the security of online transactions by reducing the risk of fraud and unauthorized use of card information.
3. Integrated with Traditional Banking: Revolut seamlessly integrates cryptocurrency trading with traditional banking services, allowing users to manage both fiat and digital currencies in one place.

Cons

1. High Transaction Fees: Revolut’s fees for buying and selling cryptocurrencies can be higher compared to other dedicated cryptocurrency exchanges, which might deter cost-conscious investors.
2. Limited Advanced Trading Features: The platform lacks some of the advanced trading tools and features found on specialized cryptocurrency exchanges, making it less suitable for professional traders seeking comprehensive trading options.

Threenvest Score

Fees

3,7/5

Regulated

FCA

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To better understand our editorial guidelines and the investment methodology that supports our ratings, you can explore the information in our editorial policy.

Why choose Revolut?

Revolut stands out as a compelling choice for cryptocurrency trading due to its user-friendly interface and seamless integration with traditional banking services. The platform offers an all-in-one solution where users can manage their finances, make international transfers, and trade cryptocurrencies. Its mobile app is particularly praised for its ease of use, allowing even beginners to navigate and execute trades with confidence. The convenience of managing multiple currencies and accessing various financial services in one place makes Revolut an attractive option for both novice and experienced users.

Another significant advantage of using Revolut for cryptocurrency trading is the added security features. Users can secure their accounts with PIN, fingerprint, or face recognition login, and benefit from disposable virtual cards for secure online transactions. This emphasis on security ensures that users’ funds and personal information are well-protected, which is crucial in the volatile world of cryptocurrency. Additionally, Revolut provides instant crypto-fiat conversions, enabling users to easily move between traditional and digital currencies as needed.

Lastly, Revolut’s extensive user base and positive reputation reinforce its reliability. With over 20 million users worldwide and high ratings on major review platforms, Revolut has built a strong community of satisfied customers. The platform’s transparency in fees and services further enhances its trustworthiness. Users appreciate the clear communication regarding transaction costs and the absence of hidden fees, making it easier to manage and plan their investments effectively.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an expert in cryptocurrency investments, I can confidently recommend Revolut for those new to the crypto world. Revolut provides a user-friendly platform that seamlessly integrates traditional banking with cryptocurrency trading. Its intuitive mobile app, robust security features, and ability to manage both fiat and digital currencies make it an excellent choice for beginners. While transaction fees can be higher compared to dedicated crypto exchanges, the convenience and security offered by Revolut make it a reliable option for those looking to explore cryptocurrencies without leaving their primary banking environment.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.