If you’re looking at investing in cryptocurrencies in 2024, there’s a high chance that you may already feel overwhelmed with all those options, wallets, and platforms with statistics, predictions, etc. What if I told you that you can start investing in crypto with Revolut, just within a few minutes, and even get a few cryptos for free? Here’s everything you need to know!
What is Revolut?
If you’re not already familiar with Revolut, it’s one of the most popular neobanks in the world, with over 40 million people using the app. What is great about Revolut is the way the company is merging the convenience of modern banking with the dynamic world of cryptocurrency and stock investing, all in a single environment that you have access to anytime, anywhere.
With Revolut, users can seamlessly manage their traditional currencies, send money across borders without big fees, and withdraw their money from any ATM. As a user, you also have the option to get a physical card, a digital card, and even a one-time digital card to use when registering for free-trial services or you don’t trust a website that much.
What makes Revolut a great choice is that it lets you create a banking account in a matter of minutes. All you have to do is download the Revolut app (available for Android and iOS), register for a new account, complete the validation, and start using your new account to send or receive payments with ease. And with its intuitive interface, you’re not going to get into any trouble setting up your account and effortlessly managing your finances.
How to get started with Revolut
Revolut is so easy to use that anyone can set up a new account and start investing in a matter of minutes, even people who have no clue of how neobanks work. It’s relatively easy, and the app provides all the necessary instructions just in front of you, without any weird options and advanced questions that you don’t know how to answer. Simplicity people, it actually exists! Sometimes.
If you’re looking for instructions on how to register for a new account and get started with Revolut, here’s how to do it:
- Visit Revolut.com and download the Android or iOS application.
- Open the Revolut app and register for a new account by filing the forms.
- To be able to verify your new account, Revolut will ask you to send them a selfie.
- After verification has been completed, you’ll be able to find your IBAN number, which you can use to receive money. You’ll also have access to the digital debit card which you can use for online purchases.
- Sign in to your Revolut account.
- To access the stocks page, just tap on the “Invest” option from Revolut’s main menu.
- To access crypto, just tap on the “Crypto” icon in the main menu.
Getting started with Revolut is relatively easy, and you get everything from a banking account, a physical plus a digital debit card, to creating flexible accounts and investing in stocks and cryptos, it’s all organized inside a modern and robust interface.
How to get your first free cryptos with Revolut
As part of Revolut’s “Learn & Earn” program, users have the opportunity to earn cryptocurrencies for free just by taking and completing a few courses. One of the courses is about Polkadot, which is a great way to earn a few DOTs as you get started without investing any of your money. Among Polkadot, there are other courses that you can take, but Revolut may add more in the near future, so keep an eye on that page.
To find all the available courses in Revolut:
- Open the app and sign in to your account.
- Tap on the “Crypto” option located on the app’s menu.
- Tap on the “Discover” section, and scroll down until you see the “Learn” section.
- Tap on the “See all” option to access all the available courses.
- Tap on any of those to start the lessons, finish them, and earn crypto for free.
Taking the courses is as easy as it sounds; You’ll get two to three windows with a couple of information about a specific cryptocurrency, how it works, more details about its uses and benefits, and various details about its blockchain or how it connects with other blockchains. Moreover, after you finish reading, you’ll be asked a few simple (yet tricky) questions to test your knowledge.
If you pass the course, you get some free crypto. If you don’t, you’ll always have the chance to give it another go. Make sure that you’re looking at the rewards, as some of the courses will not give you anything at the end, apart from the knowledge you’ll get completing them.
Investing with Revolut: How to Buy and Sell Cryptocurrencies
Investing in crypto using the Revolut app is so easy, you’ll have to be absolutely careful where you invest your money. As many users looking to invest as fast as possible, they quickly forget that investing in cryptocurrencies is not that simple, easy, or straightforward. There are people who spent years researching and studying how cryptocurrencies work, and even they have failed multiple times.
It’s important to take your time and do full research on all the cryptos that exist, which ones are most popular and which are the newest ones, look at their market cap, volume, and any other important information that you can get your hands on. Don’t take action and invest your money if you’re not sure what you’re doing, and always check the analytics chart with the crypto’s history from the start to the last few hours.
Investing in cryptocurrencies using the Revolut app is pretty straightforward:
- Open the Revolut app and tap on the “Crypto” option from the menu.
- Find the cryptocurrency that you want to invest in and tap on it.
- Tap on the “Buy” button and select an amount you want to spend.
- Complete the payment and tadaa, you just got your first cryptocurrencies!
Just like you buy cryptos you also sell them. Just go back to the crypto page that you want to sell, tap on the “Sell” button, select the amount of crypto you want to sell, and complete the sale. The money will be instantly available on your account’s balance.
By visiting the “Crypto” section in your Revolut app, you can quickly check what’s going on with your investment, and which cryptos have an increase or decrease in their total amount/worth. The statistics are being updated in real-time, so watching how your investments are going is easy and pleasant for the eyes.
Conclusion: Should you invest in Crypto using Revolut?
While there are many other great alternatives for investing in Crypto, including Binance, which is one the leading crypto exchange platforms in the world, many people looking at something simpler and easier, and Revolut provides exactly that.
It’s easy and fast to get started with a new account, you get a physical and a digital debit card for your payments and withdrawals, a safe bank account, and a modern and robust app that gives you easy access to investing in both stock and cryptocurrencies.
Have you ever used Revolut to buy or sell cryptos? And if so, how was your experience as of this moment, and have you ever used another crypto exchange platform to invest in cryptocurrencies? If you’re new and looking at investing for the first time, what is stopping you from doing so? I’d love to learn about your experience, thoughts, ideas, and tips in the comments section below.
