Transfer from Revolut to Coinbase (2024)

FAQs

Can I transfer funds from Revolut to Coinbase? ›

Step 2 – Transfer money from Revolut to Coinbase

1) Open your Revolut app and select the Transfer button. 2) In the search bar type Coinbase. 3) Select Coinbase Ireland Ltd. 4) Scroll down and select the previous transaction.

To send crypto to external wallets, simply tap the ''Actions'' button, select the cryptocurrency you want to send and paste the receiving wallet address. After you have confirmed the transaction, the crypto will be sent automatically.

Overall, the entire process may take about 2 weeks to setup. It takes a few working days to transfer the funds between Coinbase and Revolut.

if you click 'exchange', and we accept your instruction, we'll buy the cryptocurrency from our partnered cryptocurrency exchanges, such as Coinbase or Bitstamp.

Overall, Revolut is not a good option for investors in the UK & Europe due to their high fees, monthly subscription fee & limited available cryptocurrencies. Their crypto exchange platform is also not regulated by the Financial Conduct Authority (FCA) which may increase the custodial risk for investors.

You can transfer fiat money from your bank to your Revolut account, then make a trade that converts your USD or EUR into BTC/ETH or any of the other 8 crypto tokens listed on their platform. Once you've made your trade and converted it into an altcoin, you can then transfer it over to Binance for actual trading.

Our nodes may lose sync with the rest of the network for short periods of time, which can cause transactions to remain Pending longer than normal. Usually the delay is under an hour and the transaction will eventually go through normally.

How long does Revolut crypto transfer take? ›

With Revolut you can convert your cryptocurrency from and to fiat in just a few seconds if you select a Market Order. The transaction will first go into a pending state within the app, and then we will attempt to fulfil the exchange.

Coinbase generally makes your funds available in your account as soon as payments clear. Since Coinbase partners with various payment service providers in different geographic regions, the timing will vary according to your location and payment method used.

Analysing this metric in this Coinbase vs Revolut comparison, it's clear that Revolut has the lowest trading fee percentage of 2.5%, while the second place goes to Coinbase with a fee of Up to 3.99%.

Wired funds will typically appear in your account within 2-3 business days. Please contact Coinbase support if you have any issues with your wire.

Overall, the holding period is a security feature that helps to ensure that users' funds are safe and that the exchange can operate with minimal risk.

Purchase and deposit limits will be different depending on your region and payment method type. For US customers, if you're looking to deposit more than the maximum $25,000 a day ACH limit, one option is to complete a wire transfer from your bank account to your Coinbase account.

Coinbase is the second largest cryptocurrency exchange (behind Binance) as measured by volume. They're an American exchange that has been in business since 2012 which makes Coinbase arguably the most established and trusted cryptocurrency exchange in the world.

Revolut allows users to buy crypto within the app, but they cannot withdraw crypto. Revolut also does not support individual cryptocurrency wallets. Users have no control over the cryptocurrency they buy, and cannot actually use it – it is only a speculation vehicle.

We will charge you the following fees in relation to our crypto product depending on your plan. We will charge Standard and Plus users: 1.99% of the value of your crypto transaction or the currency equivalent of £0.99, whichever is greater.

Is there a fee for Revolut crypto withdrawal? ›

Transferring crypto from your Revolut account to another Revolut account doesn't involve a transaction on the blockchain (also known as an 'off-chain transfer'). Therefore, since there's no transaction on the blockchain, there's no fee.

Revolut works in the U.S., and many other countries which is great for us since we travel to different countries most of the year. So, in this guide, I'll tell you all about Revolut, including what it is exactly, how it works, and why it's the best financial app for expats and frequent travelers.

For most currencies, there are no limits on transfer amounts. Certain currencies might have limits imposed by our payments partners, which we're unable to disclose due to compliance reasons.

Is Revolut safe to keep money with? It's safe to use Revolut for everyday spending, and to hold funds. Your money is FDIC protected thanks to Revolut's partnerships with reputable US banks.

Revolut, as an e-money institution (EMI), protects your money through “safeguarding”, which differs from how your money is protected by banks in the UK through the Financial Services Compensation Scheme (FSCS).

Revolut has faced a string of controversies: delayed filing of accounts, EU regulatory breaches and fines, Storonsky's Russian ties and an aggressive work environment that has allegedly resulted in some key employees leaving the company.

With Revolut, you can buy Bitcoin and manage all things money. You can buy, hold, and sell Bitcoin directly in-app with Revolut. In other words, you can get in on the crypto action in the same app you manage your money. These are just some of the reasons why our customers trust us with all things money.

Revolut is a British-Lithuanian neobank and financial technology company that offers banking services. Revolut Bank UAB is licensed and regulated by the Bank of Lithuania within the European Union. Headquartered in London, it was founded in 2015 by Nikolay Storonsky and Vlad Yatsenko.

Will Coinbase refund if scammed? ›

Does Coinbase Refund You If You're Scammed? No, Coinbase will not refund you if you're scammed. If you take part in the fraudulent activity that led to you getting scammed, Coinbase will not refund you. You need to do due diligence before sending your digital assets to anyone.

For US customers, Coinbase uses the ACH bank transfer system for transfers to your bank account. The ACH bank transfer system typically takes 3-5 business days to complete after initiating a sell or withdrawal. Coinbase will deduct the balance from your source of funds and begin the bank transfer immediately.

The ACH bank transfer system typically takes 3-5 business days* to complete after initiating a purchase. Once Coinbase receives the payment and the transaction shows as completed in the History page, digital currency is made available in your account.

Different payment methods affect your transfer delivery time. Payments to other Revolut users and card payments are instant. Transfers to cards typically take a few minutes but can take up to 30 minutes. International transfers can take up to 3 to 5 business days to reach the recipient's account.

In general, Bitcoin transactions usually take from one to one and half hours to complete. On occasion, a high volume of transactions taking place on the Blockchain could lead to transaction delays.

This can take anywhere from five minutes to an hour, depending on the Bitcoin network. Here are factors that affect the speed of Bitcoin transactions: Miner's fee. The higher the miner's fee you choose to pay, the higher is the priority of your transaction within the blockchain.

In order to provide increased security, the Coinbase vault requires verification from the 2 email addresses that were associated with the vault when it was created, as well as a 48-hour waiting period after the withdrawal has been approved by both email addresses, before the transfer from the vault will take place.

Since your local currency is stored within your Coinbase account, all buys and sells occur instantly. Cashing out to your bank account via SEPA transfer generally takes 1-2 business days. Cashout by wire should complete within one business day.

Coinbase also says it charges fees based on factors “including the selected payment method, the size of the order, and market conditions such as volatility and liquidity.”

What is the highest Coinbase fee? ›

Coinbase fees

Transaction and trading costs on Coinbase range from 0.5% to 4.5% depending on the cryptocurrency, transaction size and payment method.

With Coinbase being an institutional platform, some alternatives to Coinbase in that regard are Bitstamp, Kraken, eToro, Gemini, and Binance. Kraken charges much lower fees than Coinbase and is more secure, hence much better than Coinbase.

You can still buy, sell, and trade within Coinbase. However, you'll need to wait until any existing Coinbase account holds or restrictions have expired before you can cash out with your bank account. Withdrawal-based limit holds typically expire at 4 pm PST on the date listed.

If you're a Coinbase customer, you have your choice of a hosted wallet or a self-custody wallet. The Coinbase app, where you buy and sell crypto, is a hosted wallet. You can also download the standalone Coinbase Wallet app to take advantage of the benefits of a non-custodial wallet.

Bank of America: Does not permit crypto purchases with any of its credit cards. Barclays: Does not permit crypto purchases with any of its credit cards. Chase: Does not permit crypto purchases with any of its credit cards. Discover: Does not permit crypto purchases with any of its credit cards.

Yes, Coinbase reports to the IRS. It sends Forms 1099-MISC to the IRS for U.S. traders who made more than $600 in crypto rewards or staking. $600 is the Coinbase IRS reporting threshold for tax year 2022.

Depositing via Fedwire

To verify your bank account, we recommend you make an initial deposit of at least $50 to your Exchange USD wallet. Once the funds reach your account, your bank account will automatically be verified.

You can do one of two things with a bank account. You can now initiate an ACH transfer by depositing funds - transfering cash from your bank account to your USD balance on Coinbase. Once your transaction is confirmed, you should see your deposited cash immediately available in your Coinbase cash balance.

Transfer crypto to your Coinbase Wallet from another wallet

Tap Buy or transfer. Tap Transfer from elsewhere. Choose the coin you'd like to receive. Tap Copy or share address to share your asset address or have the sender scan the unique QR code.

What payment methods does Coinbase accept? ›

The solution is to create an account at Revolut, a digital bank with no maintenance fee and offers free currency exchange (up to €10.000 a month). Once you set up your account, you can use it as an intermediary between your bank and Crypto.com to get the best exchange rate and maximize your cash back.

The Coinbase Card is issued by MetaBank®, N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc. The Coinbase Card is powered by Marqeta. 1. While this feature is free, other fees may be associated with the card.

Coinbase uses the ACH bank transfer system for payments with your bank account. The ACH bank transfer system typically takes 3-5 business days to complete after initiating a purchase.

You can still buy, sell, and trade within Coinbase. However, you'll need to wait until any existing Coinbase account holds or restrictions have expired before you can cash out with your bank account. Withdrawal-based limit holds typically expire at 4 pm PST on the date listed.

Select Add cash. Select your bank account. Enter the amount of cash you'd like to deposit. Select Continue then choose Add cash now.

Coinbase offers our cash and Hosted Cryptocurrency balance service free of charge, allowing you to store your cash and supported cryptocurrency at no cost. We don't charge for transferring crypto from one Coinbase user's primary balance to another user's primary balance.

Purchases made using a debit card or the USD balance are made available instantly.

If you are using an "online bank" or similar banking product offered by your bank, you may not receive the verification credits. In this case, the only option is to try another bank account.

Can I use PayPal on Coinbase? ›

Currently, only US, UK, and DE customers are able to buy cryptocurrency or add cash using PayPal. All other customers are only able to use PayPal to cash out or sell, and transaction availability depends on region.

You cannot pay in cryptocurrency using your Revolut Card either. This means that if you make a payment using your Revolut card, and the only funds you have are in a cryptocurrency, the payment will fail.

Withdraw with a tap

Just add an address (or choose one you've added previously), enter the amount, and hit withdraw! As easy as that is, we also wanted to make it safe, so we introduced two-factor authentication when you're adding an address to make sure you know exactly where you're sending your crypto.

To send cryptocurrencies to a friend on Revolut Tap on the 'Transfer' tab in-app → select one of your Revolut friends → Choose the cryptocurrency from the drop-down list → Enter the amount you would like to send → tap 'Send'. The cryptocurrency sent will appear instantly in their Revolut account!