Revolut is a British fintech company started in 2015, offering digital banking and cryptocurrency features. It now has over 50 million users globally. The app lets users handle money, including crypto trading, alongside basic spending and saving options.
What is Revolut
Here’s how it works:
- Multi-Currency & Crypto Wallets: Users can hold and swap over 25 fiat currencies alongside major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and a growing list of altcoins. This is ideal for holding, trading, or spending.
- Tiered Plans for Crypto Enthusiasts: The free Standard plan offers basic crypto access, while paid tiers (Plus, Premium, Metal, Ultra) unlock higher withdrawal limits, lower trading fees, and tools like portfolio analytics. Premium plans start at £3.99/month, scaling to Ultra at £45/month.
- Crypto Trading & DeFi Access: Users can buy, sell, and trade Bitcoin, Ethereum, and 200+ altcoins directly in the app. Users can stake select assets for passive yield or dip into tokenized stocks—all on a platform that bridges TradFi (traditional finance) and DeFi (decentralized finance). Commission-free U.S. stock trades are capped per plan, depending on users tier.
In summary, Revolut fuses crypto-powered finance with low fees and slick tools. It’s built for degens, digital nomads, and anyone ready to flex financial freedom in a blockchain-driven world.
Team of Revolut
Nikolay Storonsky
CEO
Storonsky launched Revolut in 2015 with a vision to disrupt traditional banking by offering fee-free currency exchange and digital financial services. A former trader at Lehman Brothers and Credit Suisse, he drives the company’s strategic direction, leading it to a $45 billion valuation and 50 million users by 2025.
Funding of Revolut
$800,000,000
Series E round
Led by SoftBank Vision Fund 2, Tiger Global Management.
$500,000,000
Series D round
Led by TCV, DST Global, Index Ventures, Bond Capital.
$80,000,000
Series D Extension
Led by TSG Consumer Partners, TCV.
$250,000,000
Series C round
Led by DST Global, Index Ventures, Ribbit Capital, Sprints Capital.
$66,000,000
Series B round
Led by Index Ventures, Balderton Capital, Ribbit Capital, DST Global.
$9,000,000
Series A round
Led by Index Ventures, Balderton Capital, Point Nine Capital, Ribbit Capital.
$2,300,000
Seed round
Led by Balderton Capital, Seedcamp, Point Nine Capital, Venrex Investment Management.
Revolut review
Pros
Broad Crypto Accessibility
Seamless Fiat-to-Crypto Conversion
Users can instantly swap between 25+ fiat currencies and crypto at competitive rates within the app. This simplifies trading and spending for users juggling both worlds.
Staking and Passive Income
Crypto Integration with Everyday Use
Users can convert crypto to fiat instantly and spend it via their Revolut card, bridging the gap between digital assets and real-world purchases. Paid plans like Metal boost this with cashback in crypto.
Learn & Earn Program
Revolut’s educational quizzes reward users with small amounts of crypto (e.g., DOT or 1INCH) for learning about blockchain. It’s a low-stakes way to dip into the market.
Cons
Limited Crypto Withdrawals
While UK Metal users can withdraw crypto to external wallets (up to £1,000/month), most regions can’t. Users are stuck selling back to fiat in-app, limiting true ownership compared to Binance or Coinbase.
High Crypto Trading Fees
Standard users face a 1.99% fee per crypto trade (minimum £0.99), dropping to 0.29% for Premium/Metal. These rates are steep compared to dedicated exchanges like Binance.
Centralized Control Risks
Revolut holds users crypto in custodial wallets, not their private keys. Past security breaches (e.g., $20 million stolen in 2023) raise concerns about asset safety versus self-custody options.
No Advanced Crypto Tools
Unlike specialized platforms, Revolut lacks limit orders, detailed charts, or DeFi integrations. Serious traders may find it too basic for strategic moves.
Opportunities
Earn
APY: 2-12%
Revolut Earn
Learn how to stake cryptocurrencies on Revolut via mobile phone!