How To Use Cryptocurrency Revolut

A cryptocurrency is simply a virtual or digital currency that uses for its security a practice known as cryptography.

How to use cryptocurrency revolut. Add the proceeds from the sale to your revolut account. Think about what your goals are when buying cryptocurrency and then decide if buying it from revolut is the best choice. One of europe s largest and most successful fintech companies is getting serious about taking cryptocurrencies to the masses. Share on facebook share. You can use it to buy and sell goods and services you can trade on it and you can exchange it for different currencies.

Without cryptography the cryptocurrency system could not exist in the way that it does today. Transferring cryptocurrency to other revolut customers. To buy cryptocurrency go to the cryptocurrencies section of the revolut dashboard accept the t cs and start exchanging crypto in minutes. Whilst this may raise its own questions a cryptocurrency works in the same way as other currencies. You can transfer cryptocurrency to other revolut customers in the revolut app.

Buy crypto in 25 fiat currencies it s now super easy to exchange. How does a cryptocurrency exchange work. Sell the cryptocurrency at the exchange rate at the time. Translated into plain english this means that the price is weighted in favour of the price that has seen the most volume in a defined time period. Share on twitter tweet.

Revolut allows all users to try cryptocurrencies. On the exchange people indicate how much cryptocurrency they would either like to buy or sell and how much for. A cryptocurrency is a digital or virtual currency that is defined by its use of cryptography a discipline that uses mathematical concepts and techniques to secure information. When you use the revolut app to buy and sell cryptocurrencies you will need to pay fees. Revolut has since entered the cryptocurrency space by allowing users to buy and sell 5 different coins.

This is all based on price data from bitstamp who is revolut s cryptocurrency exchange partner. Revolut is absolutely free to use as they don t charge any fees for most of their services. Transferring or spending cryptocurrency. Revolut s cryptocurrency prices are calculated using the volume weighted average price vwap. Many people buy sell crypto only for investments purposes therefore the current solution from revolut works perfectly.