How To Use Cryptocurrency Revolut

A cryptocurrency is simply a virtual or digital currency that uses for its security a practice known as cryptography.

How to use cryptocurrency revolut. Share on twitter tweet. On the exchange people indicate how much cryptocurrency they would either like to buy or sell and how much for. Revolut s cryptocurrency prices are calculated using the volume weighted average price vwap. You cannot receive the proceeds from a sale in any other way. Revolut has since entered the cryptocurrency space by allowing users to buy and sell 5 different coins.

Add the proceeds from the sale to your revolut account. Buy crypto in 25 fiat currencies it s now super easy to exchange. Revolut allows all users to try cryptocurrencies. 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. When you use the revolut app to buy and sell cryptocurrencies you will need to pay fees.

Without cryptography the cryptocurrency system could not exist in the way that it does today. Transferring or spending cryptocurrency. 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. Introducing the easiest way to instantly buy hold and exchange bitcoin ether and litecoin. Share on facebook share.

How does a cryptocurrency exchange work. Today its users received an email advising them that the company s cryptocurrency feature is now available for revolut standard users. 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. Many people buy sell crypto only for investments purposes therefore the current solution from revolut works perfectly. Sell the cryptocurrency at the exchange rate at the time.

To buy cryptocurrency go to the cryptocurrencies section of the revolut dashboard accept the t cs and start exchanging crypto in minutes. One of europe s largest and most successful fintech companies is getting serious about taking cryptocurrencies to the masses. Whilst this may raise its own questions a cryptocurrency works in the same way as other currencies. Think about what your goals are when buying cryptocurrency and then decide if buying it from revolut is the best choice. This is all based on price data from bitstamp who is revolut s cryptocurrency exchange partner.