Revolut Review_Revolut seems to be relatively new as a virtual bank that has millions of users on its platform.
And it can be considered an alternate option compared to traditional banks due to its offers & instant financial services for those traveling internationally, and having a global lifestyle.
Revolut Features & Highlights
- The platform is currently available both on Mobile & on the Web
- The company is licensed & regulated by ECB, FCA, CySEC, DNB, FinCEN, and ASIC.
- Revolut is currently available in about 35 countries worldwide.
- The platform offers services as a Crypto broker, investment broker, Digital Bank, and Money Transfer.
- The money transfer fees on the platform are low & affordable
- Crypto trading fees are ranging on 2.5%
- Trading fees are 0.5%
- Digital Bank fees are 0% (no charges attached).
Revolut seems to be a banking app, which was programmed to provide global spending & transfer capabilities in real-time. The company has about two banking licenses – one in Lithuania, and the other in Australia. Because the platform is a part of the EU, its banking license seems to cover entire Europe.
The company also operates as a bank in Poland, Lithuania, Bulgaria, Croatia, Estonia, Cyprus, Greece, Latvia, Malta, Romania, Slovakia, and Slovenia. And also, Revolut is currently thriving to acquire & secure UK & US banking licenses.
Revolut was founded in the year July 2015 by the founder – Nikolay Storonsky, which was a former trader at Credit Suisse.
The company aims to offer mobile & online banking and to enable the clients to avoid the many fees that are considered in conventional banks.
The Revolut platform also displays & offers a Prepaid card, which the users on the platform can use to fund their accounts via bank transfers, or a credit/debit card.
Using the Revolut app, users can easily send money accurately & fast or even request payments via contacts on the app. Not long from now, in early 2022, Revolut enables its users to invest in cryptocurrencies.
Do you think Revolut is safe?
Recently, the company has improved its security features, which now include fingerprint identification during login attempts.
Revolut app also made available features for its users that are based on easy customization and enabling them to switch off some features that might increase the risk of phishing on an individual account.
See the following section below & find out about the Revolut app, and how to get the app on your device.
The Revolut app provides a more preferable alternative to the regular banking system in terms of services like customer support & privacy protection.
Revolut app has great features, including its easy-to-use interface that was programmed to be well accessible to all users on the platform.
Moreover, the Revolut app assists in trading top cryptocurrencies & make sure that you receive the best cryptocurrency exchange rates due to its access to a vast liquidity pool in Europe.
The company’s app supports Bitcoin trading, and other top digital cryptocurrencies, which include Ethereum, Ripple, and Litecoin. With time, Revolut tends to add more cryptocurrencies/digital currencies to its platform for alternate trading.
Furthermore, Revolut charges no maintenance fees on its cryptocurrency trading platform, which means that you’re free to carry out crypto transactions instantly without even worrying about your bank charges.
The revolut finance app is both compatible with iOS & android devices/platforms. Funds are transferred globally, always, and instantly at a low & affordable cost – 0.5%.
To download the Revolut app, click HERE
How to Send Money With Revolut
Do you know that you can send money to other revolut users or even bank accounts with ease on the Revolut app/online banking platform within some seconds? See the following subheading below, and find out how to send money to friends on Revolut, and how to send funds to a bank account.
How to Send Money to Friends on Revolut
To send money to friends on Revolut, click on the YouTube link below, and watch videos that display how you can send money to friends on Revolut instantly.
How to Send Money to Bank Account on Revolut
To send money to others via bank account NO. on Revolut, click on the YouTube link below, and watch a simple process about how you can send money to a bank account on Revolut instantly without delays or system defaults.
Create a Revolut Account Instantly
With all these interesting features & highlights of Revlout & their services, would you like to create an account on Revolut? If YES, see the brief guide in this section of this article, and don’t forget to share with those showing interest in Revolut.
To create an account on Revolut, visit the Revolut official site, and provide the required details.
Provide your mobile number (which revolut will send a verification code). Select the account type you want to finish the registration, either:
You can fund your Revolut account via bank transfer, salary, and payment methods online like Google Pay & Apple Pay.
And also, you’re free to set up an automatic payment from your bank account, if you don’t want to worry about increasing your balance in high-cash conditions.
Furthermore, when you are to access your account once again, you can apply the login procedures below, and access your Revolut account with ease.
- Visit the Revolut platform/app
- Access the login page
- Provide your Email address/Phone number, and password.
- And finally, click on the Login button below to access your account’s dashboard.
How to Trade Crypto on Revolut
Users on the Revolut platform can trade on the app’s in-built exchange via cryptocurrencies. But first, you need to register & verify your ID I within 5 working days of processing. Then once the company verifies your ID, you can access your account, and start trading.
The Revolut app provides different options on Cryptocurrencies, which you can possibly swap with fiat currencies, some of these currencies are:
- Bitcoin Cash
Cons & Pros of Revolut
Revolut offers a business account to its users for commercial purposes, see some of the cons & pros of Revolut.
- Users can apply for a Revolut Business loan
- Freeze the card when it is stolen or lost
- Free purchases
- Competitive exchange rate
- Easy to apply
- Ability to issue a card to employees
- Flexible account options
- Mobile App
- Currently unable to earn interest
- You can’t add funds to the account automatically
- Yet to be a fully-fledged bank
- Direct debits are only available for EUR accounts
- Does not accept cheques or cash deposits
- 2% fee on cash withdrawal
Conclusion – FAQs on Revolut Review
Is Revolut a Russian bank?
Revolut fintech is covered by DST Global, which is a capital enterprise operated by Yuri Milner, Silicon Valley’s wealthiest Russian.
Can I withdraw from Revolut?
YES! You can withdraw from your Revolut account via a cash machine that supports Visa & Mastercard. Also, watch out for fees associated with ATM operators.
Is Revolut free to use?
Having a standard account with Revolut is free. This standard account comes together with a prepaid Revolut Visa card, which is connected with the app. Users are free to use the card to make purchases in over 110 currencies at the interbank exchange rate.
Is Revolut better than PayPal?
To summarize, Revolut is far better than PayPal for international purposes in terms of money transfers & travel money. Resolut is a preferred choice alternating with PayPal services.
For further updates on Revolut, and its fintech services, feel free to come back here on our website at Start Easy Crypto, and don’t forget to share our articles. Leave a comment below if necessary.