How to Transfer Money from Crypto to Revolut

Transferring money from cryptocurrency to your Revolut account is a straightforward process, but it requires careful steps to ensure the transaction is smooth and secure. Whether you’re looking to cash out your crypto gains or simply convert your digital assets into fiat currency, this guide will walk you through the process.

Step 1: Choose the Right Cryptocurrency Exchange

The first step in transferring money from crypto to Revolut is to select a cryptocurrency exchange that supports both fiat withdrawals and transfers to bank accounts, including Revolut. Some popular exchanges that allow you to convert crypto to fiat are Binance, Coinbase, and Kraken.

1. Create an account if you don’t have one already.
2. Complete the verification process to enable fiat withdrawals.
3. Deposit your cryptocurrency into the exchange’s wallet by transferring it from your external wallet.

Step 2: Convert Your Cryptocurrency to Fiat

Once your crypto is in the exchange wallet, you’ll need to convert it into a fiat currency, such as USD, EUR, or GBP, which can then be transferred to your Revolut account.

1. Go to the Trade or Convert section of the exchange.
2. Select the cryptocurrency you wish to convert and choose your preferred fiat currency.
3. Enter the amount you want to convert and confirm the transaction.

Step 3: Withdraw Fiat Currency to Your Revolut Account

After converting your crypto to fiat, you’re ready to withdraw the funds to your Revolut account.

1. Navigate to the Withdraw section of the exchange.
2. Select the fiat currency you converted to and choose the Bank Transfer option.
3. Enter your Revolut account details, including the IBAN and BIC/SWIFT codes.
4. Confirm the withdrawal and wait for the funds to arrive in your Revolut account. This can take anywhere from a few minutes to a few days, depending on the exchange and banking networks.

Step 4: Verify the Funds in Your Revolut Account

Once the withdrawal is processed, you should see the funds in your Revolut account. You can then use these funds as you would with any other balance in Revolut.

1. Open your Revolut app.
2. Check the balance in the currency account to which you withdrew the funds.
3. If the funds are not visible after the expected time, contact both the exchange and Revolut support for assistance.

Tips for a Smooth Transfer

• Double-check your Revolut account details: Ensure you enter the correct IBAN and BIC/SWIFT codes to avoid delays or lost funds.
• Be aware of fees: Both the cryptocurrency exchange and Revolut may charge fees for currency conversion and transfers. Check these fees beforehand to avoid surprises.
• Consider exchange rates: Crypto and fiat exchange rates can fluctuate. Choose a time when the rate is favorable to maximize your withdrawal amount.

Transferring money from cryptocurrency to your Revolut account involves converting your crypto assets to fiat currency and then withdrawing it via a bank transfer. By following these steps, you can easily and securely move your funds from the world of crypto to your everyday banking needs with Revolut.