Revolut is a digital bank that has been gaining popularity in recent years. It offers a range of services, including currency exchange, money transfer, and even cryptocurrency trading. One of the cryptocurrencies that Revolut supports is Bitcoin. In this article, we will explain how to send Bitcoin with Revolut.
First, it’s important to note that you need to have a Revolut account and have enabled the cryptocurrency feature. If you haven’t done this yet, you can do so by going to the ‘Cards’ tab on your Revolut app and selecting ‘Add New Card.’ From there, you can add a Bitcoin wallet to your account.
Once you have your Bitcoin wallet set up, you can start sending Bitcoin. Here’s how:
Step 1: Open the Revolut app and go to the ‘Crypto’ tab.
Step 2: Select the Bitcoin wallet you want to use.
Step 3: In the Bitcoin wallet, select the ‘Send’ button.
Step 4: Enter the recipient’s Bitcoin address. You can either type it in manually or use the QR code scanner to scan the recipient’s address.
Step 5: Enter the amount of Bitcoin you want to send.
Step 6: Review the transaction details and confirm the transaction.
Step 7: Wait for the transaction to be confirmed on the blockchain. This can take anywhere from a few minutes to a few hours, depending on the network congestion.
It’s important to note that Revolut charges a small fee for sending Bitcoin. The fee varies depending on the market conditions and can be viewed in the app before confirming the transaction.
Another important thing to keep in mind is that Bitcoin transactions are irreversible. Once the transaction is confirmed, there’s no way to reverse it. So, it’s important to double-check the recipient’s address before sending the Bitcoin.
In conclusion, sending Bitcoin with Revolut is a straightforward process. You need to have a Revolut account, enable the cryptocurrency feature, and set up a Bitcoin wallet. Once you have your Bitcoin wallet set up, you can send Bitcoin by following the steps outlined above. It’s important to keep in mind the fees and the irreversibility of Bitcoin transactions. With these things in mind, you can use Revolut to send Bitcoin safely and easily.