How to Buy Bitcoin on Revolut: Step-by-Step Guide for Beginners

Introduction to Buying Bitcoin with Revolut

Revolut has revolutionized how everyday users access cryptocurrencies like Bitcoin. As a financial super-app with over 30 million users, it offers a streamlined gateway to crypto investing directly within its banking platform. This guide breaks down exactly how to buy Bitcoin on Revolut – from setup to security – making your first crypto purchase simple and secure. Whether you’re new to digital assets or seeking convenience, Revolut eliminates technical barriers with its intuitive interface.

Why Choose Revolut for Bitcoin Purchases?

Revolut simplifies crypto investing with unique advantages:

• All-in-One Platform: Manage fiat currency, stocks, and crypto in a single app
• Beginner-Friendly: No external wallets or complex exchanges needed
• Regulated Security: Funds protected under FSCS and crypto assets via Bitstamp
• Instant Transactions: Buy/sell Bitcoin 24/7 with real-time pricing
• Educational Resources: Learn about crypto risks and opportunities in-app

Step-by-Step: How to Buy Bitcoin on Revolut

Step 1: Set Up Your Revolut Account

Download the Revolut app (iOS/Android), sign up with your phone number, and complete identity verification by uploading a government-issued ID and selfie. This process typically takes under 10 minutes.

Step 2: Enable Crypto Features

Navigate to Wealth > Crypto in the app. Accept the terms and conditions to activate your crypto wallet. Revolut offers this service in 30+ countries including the UK, US, and EEA.

Step 3: Fund Your Account

Add money via:

• Bank transfer
• Debit/credit card
• Existing Revolut balance

Ensure sufficient funds to cover your Bitcoin purchase plus fees.

Step 4: Execute Your Bitcoin Purchase

1. Open the Crypto section and select Bitcoin (BTC)
2. Tap Buy and enter the amount in your local currency or BTC
3. Review the transaction details including fees and spread
4. Confirm with biometric authentication (Face ID/fingerprint)

Your Bitcoin will appear instantly in your Revolut crypto wallet.

Step 5: Secure and Manage Your Investment

• Enable two-factor authentication in app settings
• Set price alerts for market movements
• Use Recurring Buys for dollar-cost averaging
• Monitor performance via the portfolio dashboard

Understanding Revolut’s Bitcoin Fees

Revolut charges:

• Standard Users: 1.99% commission + spread (varies by volatility)
• Premium/Metal Users: Reduced 1.49% commission
• Weekend Surcharge: Additional 1.5% fee on Saturdays/Sundays

Always check the Preview screen before confirming transactions to see exact costs.

Important Risks to Consider

While convenient, Revolut has limitations:

• No Withdrawals: You cannot transfer BTC to external wallets
• Custodial Control: Revolut holds your private keys
• Volatility: Bitcoin prices can fluctuate dramatically
• Regulatory Changes: Crypto rules vary by region and may evolve

Only invest what you can afford to lose. Crypto assets are unregulated in many jurisdictions.

Revolut Bitcoin FAQ

Q: Can I transfer Bitcoin out of Revolut?
A: No. Revolut operates a closed system – you can only buy, hold, or sell within the app.

Q: What’s the minimum Bitcoin purchase?
A: As low as $1 equivalent, making it accessible for small investors.

Q: Are Revolut crypto purchases insured?
A: Fiat funds are FSCS-protected (up to £85k in UK). Crypto assets are held with Bitstamp exchange but lack statutory insurance.

Q: How quickly can I sell Bitcoin on Revolut?
A: Sales execute instantly during market hours. Funds appear in your Revolut account immediately.

Q: Does Revolut report crypto transactions to tax authorities?
A: Yes, in jurisdictions requiring disclosure. Download transaction history via Statements for tax reporting.

Final Tips for Revolut Bitcoin Buyers

Start small to familiarize yourself with the process. Use Revolut’s price alerts to track market movements, and consider setting up recurring buys to average entry prices. Remember that while Revolut offers simplicity, it’s not a replacement for dedicated crypto exchanges if you seek wallet control or advanced trading features. For beginners prioritizing ease-of-use and integrated banking, however, it remains a compelling Bitcoin gateway.