Fintech startup Revolut is adding Bitcoin Cash and Ripple to the cryptocurrency feature. While cryptocurrency isn’t really Revolut’s concentration point, it’s a good way to get started with cryptocurrencies.
If you have a Revolut account, you can now buy and reason Bitcoin, Litecoin, Ethereum, Ripple and Bitcoin Cash. Behind the scene, the startup has partnered with Bitstamp to routine the transactions. Revolut now charges a 1.5 percent price for cryptocurrency transactions. There are now 100,000 cryptocurrency sell per day.
Compared to a normal cryptocurrency exchange, you can’t send or accept cryptocurrencies from your Revolut account. You don’t get a bitcoin residence for instance. All you can do is buy tokens in the app. If you want to send those tokens somewhere else, you’ll have to sell them for USD, GBP, etc. and then buy cryptocurrencies on a normal sell using your fiat money.
Recently, the startup also announced a new underline called Vaults. Revolut users can set up a safe to save income over time.
You can turn up your gangling change every time you make a transaction. For instance, if you compensate $3.47 for that tasty ice cream, you’ll save 53 cents in your vault. You can also mixed that volume so that you save mixed times your gangling change with each transaction. Many fintech startups also yield this feature.
You can also set up repeated payments to set aside a bit of income each day, each week or each month. Interestingly, you get to select the banking of your vault. So it means that you can confirm to buy ethers with gangling change and weekly payments for instance. It’s a good way to sidestep opposite the sensitivity of cryptocurrencies.
Users don’t acquire interests on vaults. It’s just a way to set some income aside that doesn’t seem in your categorical Revolut account. You can confirm to tighten your safe whenever you want.