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Revolut

What are peoples thoughts on Revolut- digital banking . They are advertising purchase/ exchange of cryptocurrency charging only a flat upfrom 1.5% fee as a pose to other platforms which can add anything between 5% - 9%. Has anyone had any experiences of them in this context ? Thanks

Comments

  • Elliesmum
    Elliesmum Posts: 1,519 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    Hi there

    I do not have experience on the crypto currency side of revolut, however I have had an account with them for over 18 months and if has been a fantastic experience.

    EM x
    You can discover more about a person in an hour of play than in a year of conversation.
    Plato ;) Make £2018 in 2018 no. 37 - total = £1626.25/£2018 :j
  • Personally, I wouldn't touch cryptocurrencies with a 10 light year long pole
  • nsl101
    nsl101 Posts: 53 Forumite
    Seventh Anniversary 10 Posts Photogenic Combo Breaker
    I read this as im trying the system with revolut out, being a monzo user and having had great experiences with prepaid cards I am a fan of what revolut are doing, and I have confidence in them as a business.

    I have put £51 into ETH while it was low and I'm watching it over the coming weeks, I would use it to invest small amounts over short periods to try and earn 7-8%.

    My advice is try it, watch the market with the three crypto coins it supports and when you think you know it... try it out, with small amounts you can afford to loose. In my case one to two weeks beer money, I decided I would either drink beer or send the same money on trying to raise more money.

    In my experience so far its not difficult to earn 6-10% on Etherium if you time it right and invest small stakes the risk is low... I would not throw £10,000 at it, but i might put £1,000 at it if my confidence grows.

    Good luck.
    13/08/2024 This needs updating its years out of date

    Fresh start & LBM #2: 21/12/2017 : DFD: 02.02.2024
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