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.

    Share Story:

Recent Stories


The Rise of Instant Payments
Instant payments are creating new business opportunities for banks by providing more touchpoints than ever. With these evolutions underway, Featurespace brought leading industry experts together to discuss how they are protecting customers from fraudsters in real time, utilizing innovative and disruptive solutions to reduce fraud. Click here to find out more.

Offloading Cyber Risk in the Cloud
As cyber attacks and data breaches are in the news on an increasingly regular basis - with regulatory penalties and customer trust on the line for financial services firms - it has never been more crucial to be compliant in the cloud.

This video, with Akamai’s EMEA director of security technology and strategy Richard Meeus, will help explain what your company can be doing to make sure it’s not embroiled in the next big fine or front-page scandal.

Using Adobe analytics helps businesses achieve 1.7x customer retention
99% of experience driven FS Businesses consistently use analytics for testing and optimisation, improving customer satisfaction metrics by 1.8 times.

To learn more – please read the 2019 Digital Trends: Financial Services in Focus report. Download here