How To Use Cryptocurrency Revolut

Revolut s cryptocurrency prices are calculated using the volume weighted average price vwap.

How to use cryptocurrency revolut. Revolut allows all users to try cryptocurrencies. 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. Transferring or spending cryptocurrency. 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. Think about what your goals are when buying cryptocurrency and then decide if buying it from revolut is the best choice.

You can buy sell 3 crypto very easily from your existing fiat currency wallet and even pay with it revolut will convert back to fiat when paying. Many people buy sell crypto only for investments purposes therefore the current solution from revolut works perfectly. 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. Revolut has since entered the cryptocurrency space by allowing users to buy and sell 5 different coins.

Without cryptography the cryptocurrency system could not exist in the way that it does today. Add the proceeds from the sale to your revolut account. Sell the cryptocurrency at the exchange rate at the time. How does a cryptocurrency exchange work. To buy cryptocurrency go to the cryptocurrencies section of the revolut dashboard accept the t cs and start exchanging crypto in minutes.

A cryptocurrency is simply a virtual or digital currency that uses for its security a practice known as cryptography. You can use it to buy and sell goods and services you can trade on it and you can exchange it for different currencies. Share on facebook share. You cannot receive the proceeds from a sale in any other way. This is all based on price data from bitstamp who is revolut s cryptocurrency exchange partner.

When you use the revolut app to buy and sell cryptocurrencies you will need to pay fees. Transferring cryptocurrency to other revolut customers. On the exchange people indicate how much cryptocurrency they would either like to buy or sell and how much for. One of europe s largest and most successful fintech companies is getting serious about taking cryptocurrencies to the masses. Revolut is absolutely free to use as they don t charge any fees for most of their services.