Revolut Launches Easiest & Fastest way to Buy Cryptocurrency

jimjames

Reaper wrote: »

It's a mistake to think of them as currency. They are (at least for now) better thought of as a commodity like gold, silver or oil.
.

I've seen that mentioned elsewhere and it does seem a far better description. They could be called another asset class but the volatility certainly doesn't meet the requirements of a currency although Zimbabwean dollars didn't either

Former_MSE_Andrea

realaledrinker wrote: »

New board needed for Cryptocurrencies.

Presently too many threads being started in what is supposed to be a board aimed at , and I quote, "Savings and Investments".

Hi!

To keep this thread on topic I've started a new thread with a poll

https://forums.moneysavingexpert.com/discussion/5758334

Malthusian

greenglide wrote: »

So previously the same people would have "invested" in US$, GB£, €, ¥ etc?

No more than the people who bought tulip bulbs in the early 1700s were experienced horticulturalists who had substantial portfolios of roses and violets. Nothing new under the sun.

It's a no brainer! Anyone can make money! Etc etc etc.

Redux makes an extremely good point when he says there's a contradiction between the claim that BitCoin will continue to rocket because it'll become a "global reserve currency" even though it can only become a currency of any kind if it stops rocketing in value.

rtt2017

it seems crypto is only available to premium users

and the spread seems about 5-10 percent, can anyone confirm?

choochootrain

rtt2017 wrote: »

it seems crypto is only available to premium users

and the spread seems about 5-10 percent, can anyone confirm?

Apparently the premium only is a temporary measure and full functionality will be rolled out to all users over the next 2 weeks. They get their price as a 'Volume Weighted Average Price' from Bitstamp, so it's always going to differ a fair bit from the current market rate.

You can't transfer your cryptocurrency from Revolut to an external wallet, so I'm not interested.

Silvester89

rtt2017 wrote: »

it seems crypto is only available to premium users

It's currently available to premium members and free members if you refer 3 new users to Revolut.

System

greenglide wrote: »

You get paid in [STRIKE]Pound Sterling [/STRIKE] bitcoin and go to the pub and by the time you get there the price has changed by 10% up or down.

Welcome to Brexit Britain

alph

Does anyone know at what date will the cryptocurrency part of Revolut be open to all Revolut users? not just the premium users?

I am just a standard user, Not a premium user..

It must be coming up to 2 weeks now? I hope?

george4064

realaledrinker wrote: »

New board needed for Cryptocurrencies.

Presently too many threads being started in what is supposed to be a board aimed at , and I quote, "Savings and Investments".

Stick it in the Gambling sub-forum.

cashbackproblems

im a big fan of coinable for small amounts (when it comes to taking money out its more complicated), and i use the jaxx app for a range of currencies.

I'm currently invested in b3 coin, spectre, dash and monero.

with some in eth/btc which is used to buy on exchanges alt coins.