Revolut launches bitcoin withdrawals

Revolut has announced the launch of crypto withdrawals, which will give customers the option to transfer bitcoin to their personal wallets.

Revolut Metal customers based in the UK will now be able to choose where to store their bitcoin, whether that’s on Revolut or hot or cold storage.

They will be able to add three external addresses and withdraw up to £500 a day and £1,000 a month.

The FinTech, which is reportedly set for a new funding round that would value it between £7.2 billion and £10.8 billion, said that it has introduced two-factor authentication to the bitcoin withdrawal process. [link to story]

“Crypto withdrawals have been a heavily requested feature within Revolut’s crypto community and we’re delighted that we can begin the gradual process of rolling it out,” said Nik Storonsky, founder and chief executive, Revolut. “Customers can lock down wherever they feel safest - whether it’s Revolut, into hot or cold storage, or to another exchange.”

The chief executive said that the move is one of many new crypto features the company plans to launch.

The company also plans to roll crypto withdrawals out to other paid plans and markets in the near future.

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