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Author Topic: Review about Revolut! Better than Coinbase and other exchanges.  (Read 49 times)
Asadali569
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August 11, 2018, 12:55:57 PM
 #1

Hello Everyone,

I’m aware that my title could be offensive to some of the Coinbase fans out there but I downloaded the Revolut app yesterday. I had to send some money to Pakistan but it doesn’t allow that. However, I ended up sending money to USA WITHOUT any fees or charges. I simply topped it up with my Apple Pay and sent the money without any hassle.

Although, that’s good that they didn’t charge any fees. However, the fun part is that I was allowed access to Cryptocurrencies. It has five currencies as of now; bitcoin, ethereum, litecoin, bitcoin cash and ripple. Due to the fact that I’ve wtitre that Revolut is better than Coinbase is that I bought 105 USD worth of litecoin a week or two ago, which is now 65 USD due to the decrease in litecoin price. When I bough it from Coinbase, they charged me fee whereas Revolut didn’t charge me anything when I bought 13 GBP worth of litecoin just now. So there is no fees involved here. You can use it like you use any other exchange. Convert any cryptocurrency back into fiat currency and send it to your back. All done in less than 10 minutes.

It also has better rates than Normal banks when sending money oversees.

Thanks.
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matthewio
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August 11, 2018, 12:59:23 PM
 #2

It makes a good deal if they do not collect cash for you to convert from fiat to cryptos. How about withdrawal of cryptos to ur wallet, are there  charges
Tytanowy Janusz
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August 11, 2018, 04:54:42 PM
 #3

And how about spread? There might be no fees but manny times I've seen hidden fees on "no fees service" in spread set to 5% or higher. Did you checked that?

❐ Zeex  ❐    ▄▄▄▄▄▄ Twitter | Telegram ▄▄▄▄▄▄    ❐ Zeex  ❐
██████              Crypto to product         ██████
█▄▄▄▄▄   No fiat , No fees  ▄▄▄▄▄█
berrygood
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August 11, 2018, 05:13:04 PM
 #4

Coinbase pro work on to be most trusted exchange, so it may not be fastest or low fee one. Know what you use.

Asadali569
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August 12, 2018, 01:14:53 PM
 #5

And how about spread? There might be no fees but manny times I've seen hidden fees on "no fees service" in spread set to 5% or higher. Did you checked that?
It makes a good deal if they do not collect cash for you to convert from fiat to cryptos. How about withdrawal of cryptos to ur wallet, are there  charges


1. They are a work in progress platform when it comes to crypto. You can’t transfer the cryptocurrency bought from them but you can only revert it back to fiat and send to your bank account for free. It is because the crypto bought remains in their hot and cold wallets but you can cash out when you want. It happens in a second.

2. Ps. I’m not promoting anything here. Just joined it myself two days ago and I loved it so I’m just making people aware about it.

3. I checked the price of bitcoin in Revolut and in Coinbase. There was a difference of about 200 USD, but that is normal in different exchanges. I bought litecoin and the difference between litecoin in Coinbase and Revolut was of only a few pennies.

4. They don’t charge any fees unless it’s like 4 or something bitcoin. Because then they only charge miner fee. I’m not sure why. You can ask them these questions if you want to make a big investment. However I wouldn’t recommend it for huge investments because there are more professional platforms and exchanges for crypto if you are a pro.

5. I don’t get what you mean by “It makes a good deal if they do not collect cash for you to convert from fiat to cryptos.“
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August 12, 2018, 03:47:16 PM
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3. I checked the price of bitcoin in Revolut and in Coinbase. There was a difference of about 200 USD, but that is normal in different exchanges. I bought litecoin and the difference between litecoin in Coinbase and Revolut was of only a few pennies.

200 USD price difference for BTC is 3%. Its enought to earn without "fees". And as I understand you right its 3% price difference between buy price and exchange price. If you want to sell there must be another 3% price difference what gives us 6% spread.

❐ Zeex  ❐    ▄▄▄▄▄▄ Twitter | Telegram ▄▄▄▄▄▄    ❐ Zeex  ❐
██████              Crypto to product         ██████
█▄▄▄▄▄   No fiat , No fees  ▄▄▄▄▄█
o_e_l_e_o
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August 12, 2018, 10:01:15 PM
 #7

You are not actually buying crypto on Revolut. You are buying a crypto tracking product. As mentioned above, you can't move your crypto to another wallet, spend it, transfer it, hold the private keys, or even see its public address. All you can do is sell it back to Revolut.


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Asadali569
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August 14, 2018, 11:08:19 AM
 #8

You are not actually buying crypto on Revolut. You are buying a crypto tracking product. As mentioned above, you can't move your crypto to another wallet, spend it, transfer it, hold the private keys, or even see its public address. All you can do is sell it back to Revolut.


Yes. You put it into words better than me. Regardless. I think it’s good for beginners like myself because I like it. As I said. I’m not promoting it or anything. It’s just a review.
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