How to Buy Bitcoin with Revolut

If you’re looking to invest in Bitcoin, Revolut is an accessible and user-friendly platform for purchasing cryptocurrency. This guide will walk you through the process of buying Bitcoin with Revolut, detailing each step to ensure a smooth transaction. Revolut is a financial technology company that offers a range of services including cryptocurrency trading. By following these steps, you can easily acquire Bitcoin and start your journey into the world of digital currencies.

Step 1: Set Up Your Revolut Account
First, you need to download the Revolut app from the App Store or Google Play Store. Once downloaded, follow these steps to set up your account:

• Sign Up: Open the app and sign up using your email address or phone number.
• Verify Your Identity: To comply with financial regulations, you must verify your identity. This usually involves uploading a photo of your ID and a selfie.
• Add Funds: Link your bank account or card to add funds to your Revolut account. You can use these funds to purchase Bitcoin.

Step 2: Enable Cryptocurrency Trading
Before buying Bitcoin, ensure that cryptocurrency trading is enabled on your account:

• Go to the Accounts Tab: In the Revolut app, navigate to the ‘Accounts’ tab.
• Select Crypto: Tap on the ‘Crypto’ option and then ‘Enable Crypto Trading’.
• Complete Verification: Follow any additional steps required to enable cryptocurrency trading.

Step 3: Buy Bitcoin
Now that your account is set up and crypto trading is enabled, you can purchase Bitcoin:

• Go to the ‘Crypto’ Section: Open the app and select the ‘Crypto’ section.
• Choose Bitcoin: Find and select Bitcoin from the list of available cryptocurrencies.
• Enter the Amount: Specify how much Bitcoin you want to buy. You can enter the amount in Bitcoin or your local currency.
• Confirm the Purchase: Review the details of your purchase and confirm the transaction.

Step 4: Secure Your Bitcoin
Once you’ve purchased Bitcoin, it’s essential to keep it secure:

• Check Your Balance: Verify that the Bitcoin has been added to your Revolut account.
• Consider Additional Security: While Revolut provides a level of security, consider transferring your Bitcoin to a more secure wallet if you plan to hold it long-term.

Step 5: Monitor Your Investment
Keep track of your Bitcoin investment:

• View Price Trends: Use the Revolut app to monitor the price of Bitcoin and track its performance.
• Set Alerts: Set up price alerts to be notified of significant changes in Bitcoin’s value.

Tips for Buying Bitcoin with Revolut

• Fees: Be aware of transaction fees. Revolut may charge fees for buying and selling Bitcoin, so check the fee structure before making a purchase.
• Market Conditions: Cryptocurrency prices can be volatile. It’s a good idea to stay informed about market conditions and consider making purchases when the market is favorable.
• Regulations: Ensure that you are aware of any regulations regarding cryptocurrency trading in your country.

Conclusion
Buying Bitcoin with Revolut is straightforward and can be done directly from your mobile device. By following these steps, you can easily purchase Bitcoin and start investing in cryptocurrency. Always remember to stay informed about the market and secure your investments to make the most of your Bitcoin purchases.