how to buy crypto with revolut on binance

Using Revolut to purchase crypto on Binance offers advantages like convenience, low fees, and fast transactions, but its limited cryptocurrency selection may prompt users to consider alternative ways to acquire crypto assets.

Jan 31, 2025 at 05:37 pm

Key Points:

• Step-by-step guide on how to buy crypto with Revolut on Binance
• Advantages and disadvantages of using Revolut to buy crypto
• Alternative ways to buy crypto if Revolut is not suitable
• Frequently asked questions (FAQs) on crypto purchases through Revolut and Binance

How to Buy Crypto with Revolut on Binance

1. Sign up for a Revolut account: Visit the Revolut website or download the app to create an account. Provide the required personal and financial information.
2. Fund your Revolut account: Connect your bank account or credit/debit card to your Revolut account and transfer funds. You can also use the Ripple (XRP) network to deposit funds with low fees.
3. Create a Binance account: Register for a Binance account by providing your email address, creating a password, and completing verification.
4. Connect Revolut to Binance: Go to Binance's "Buy Crypto" page and select "Bank Transfer." Choose Revolut as your payment method and follow the instructions to link your Revolut account.
5. Select your crypto: Choose the cryptocurrency you wish to buy from Binance's expansive selection. You can use the search bar to find specific coins.
6. Enter the amount and preview: Enter the amount of crypto you want to buy and review the transaction details, including the fees and estimated delivery time.
7. Confirm purchase: Check the transaction details again and click "Buy Now" to initiate the purchase. Your crypto will be delivered to your Binance wallet within a specified time frame.

Advantages of Using Revolut for Crypto Purchases:

• Convenience: Revolut offers a user-friendly platform that seamlessly integrates with Binance.
• Low fees: Revolut typically charges lower fees for crypto purchases compared to other exchange platforms.
• Fast and reliable: Transactions are processed quickly and efficiently, providing a smooth user experience.
• Secure: Revolut employs robust security measures to protect user accounts and financial assets.

Disadvantages of Using Revolut for Crypto Purchases:

• Limited cryptocurrency selection: Revolut's crypto offering is more limited than major cryptocurrency exchanges.
• Potential delays: In some cases, crypto purchases through Revolut may be subject to delays, especially during peak trading volumes.
• Conversion fees: Revolut may charge conversion fees when purchasing crypto with currencies other than GBP or EUR.

Alternative Ways to Buy Crypto if Revolut is Not Suitable:

• Cryptocurrency exchanges: Platforms like Coinbase, Kraken, and KuCoin offer various cryptocurrencies and trading options.
• Peer-to-peer (P2P) marketplaces: Apps like LocalBitcoins and Binance P2P allow users to buy and sell crypto directly with other individuals.
• Cryptocurrency ATMs: These automated kiosks provide a convenient way to purchase crypto with cash in many locations.

FAQs on Crypto Purchases Through Revolut and Binance:

• What cryptocurrencies can I buy with Revolut on Binance? You can purchase BTC, ETH, XRP, BCH, LTC, XLM, ADA, and USDT.
• How long does it take for my crypto to be delivered? Crypto purchases through Revolut on Binance usually take 1-3 business days to be credited to your Binance wallet.
• Are there any limitations on crypto purchases? Yes, Binance may impose daily and weekly limits on crypto purchases based on your account verification level.
• Can I sell crypto purchased through Revolut on Binance? Yes, you can sell your crypto on Binance to withdraw funds back to your Revolut account.
• What are the fees associated with Revolut crypto purchases? Revolut typically charges a 2.5% fee on crypto purchases, in addition to potential currency conversion fees.