Revolut is one of the most popular financial apps in Poland. It offers a wide range of services, including the ability to invest in cryptocurrencies. For beginner users, the app may seem attractive, but is it truly the optimal solution? Let’s compare Revolut’s features with the Bitcoin Quark exchange, which prioritizes low fees, security, and full control over owned assets.
Revolut and cryptocurrencies – what’s the problem?
Revolut introduced cryptocurrency investment as an extension of its platform. This option appears to be a straightforward entry into the crypto market, but it comes with numerous limitations worth considering.
Lack of true cryptocurrency ownership on Revolut
One of the biggest issues with investing in cryptocurrencies on Revolut is the inability to withdraw them to external wallets. In practice, this means that cryptocurrencies are stored by Revolut, and you only have access to their value. You cannot transfer them to a private wallet, which limits your investment management options and increases risks.
In the Bitcoin Quark exchange, the situation is completely different. After purchasing cryptocurrencies, you have full control over your funds. You can transfer them to any wallet, which enhances your security and gives you complete freedom in their usage.
High fees on Revolut
Using Revolut, you must contend with high fees. Standard transaction charges can reach up to 2%, which significantly reduces potential profits in the long run. In comparison, the Bitcoin Quark exchange offers much lower fees, making it a far more cost-effective solution for any investor.
Limited cryptocurrency selection on Revolut
Revolut offers only a few dozen cryptocurrencies, primarily major projects like Bitcoin (BTC) and Ethereum (ETH). If you want to invest in less popular assets, you’ll be disappointed. Bitcoin Quark, on the other hand, allows you to choose from a wide range of cryptocurrencies, providing greater opportunities for portfolio diversification.
How to buy cryptocurrencies on Revolut?
If you wish to use Revolut despite its limitations, the process of purchasing cryptocurrencies is straightforward. Below is a general description of how this feature works.
Registration and verification
To start trading cryptocurrencies on Revolut, you need to create an account and complete a verification process. This involves submitting identity documents and a selfie, which is a standard procedure compliant with KYC (Know Your Customer) regulations.
Purchasing cryptocurrencies
After successful verification, you can proceed to purchase cryptocurrencies. Simply select the appropriate option in the app, enter the amount you want to invest, and confirm the transaction. Unfortunately, fees and spreads make Revolut financially less attractive compared to alternatives like Bitcoin Quark.
Alternatives to Revolut – Bitcoin Quark as the best choice
Bitcoin Quark is a cryptocurrency exchange that emphasizes transparency, low fees, and security. Compared to Revolut, it offers significantly more benefits for both beginner and experienced investors.
Lower fees and no hidden charges
With Bitcoin Quark, you can buy cryptocurrencies with minimal fees, allowing you to save a significant portion of your funds. The lack of hidden costs ensures you know exactly how much you’ll pay for each transaction.
Security and full control
When you buy cryptocurrencies on Bitcoin Quark, you can transfer them to an external wallet, giving you full control over your funds. This means you don’t need to worry about losing access to your assets in case of platform issues.
Wide selection of cryptocurrencies
Bitcoin Quark provides access to a broad range of cryptocurrencies, including popular ones like Bitcoin and Ethereum, as well as less-known but promising projects. This gives you greater investment opportunities and enables more effective portfolio diversification.
Opinions on investing in cryptocurrencies on Revolut
Opinions on Revolut as a platform for investing in cryptocurrencies are divided. Some users praise its simple interface, but the majority point out its numerous limitations.
Advantages according to users:
- Intuitive interface – ease of use, especially for beginners.
- Quick cryptocurrency purchase – no need to use external platforms.
Frequently mentioned disadvantages:
- High fees – discouraging frequent transactions.
- No option to transfer cryptocurrencies to an external wallet – limiting asset management options.
- Limited cryptocurrency selection – fewer assets available for diversification.
- Customer support issues – especially problematic for free accounts.
Why choose Bitcoin Quark?
Bitcoin Quark is a solution designed with investor convenience and profitability in mind. Here are a few reasons to trust this platform:
Better conditions for investors
Bitcoin Quark guarantees low fees, full transparency, and a wide selection of cryptocurrencies. It’s a platform that meets the needs of both beginner and advanced users.
Excellent customer support
For any issues with transactions, you can rely on professional support available in Polish. This is particularly important for those just starting their cryptocurrency journey.
Investment security
With Bitcoin Quark, your funds are always secure. You can store them in your own wallet, eliminating the risks associated with losing control over your cryptocurrencies.
Summary
Revolut may appeal to those looking for a simple way to purchase cryptocurrencies, but its numerous limitations make it far from the optimal choice. High fees, the inability to withdraw cryptocurrencies to external wallets, and a limited selection of assets are the main drawbacks of this platform.
In contrast, Bitcoin Quark is a cryptocurrency exchange offering low fees, full control over funds, and a wide range of cryptocurrencies. If security and investment profitability matter to you, Bitcoin Quark is the best choice. We invite you to use our services and start investing in cryptocurrencies under favorable conditions.
FAQ – Frequently Asked Questions
Can I withdraw cryptocurrencies from Revolut to an external wallet?
No, Revolut does not allow cryptocurrency withdrawals to external wallets. Cryptocurrencies are stored on the platform, limiting your control over assets.
What are the fees for cryptocurrency transactions on Revolut?
Transaction fees on Revolut can reach up to 2% for basic accounts. They are slightly lower in Premium and Metal plans but still higher than on Bitcoin Quark.
Does Bitcoin Quark offer better conditions than Revolut?
Yes, Bitcoin Quark offers significantly lower fees, full control over cryptocurrencies, and a wide selection of assets. It’s an ideal solution for both beginner and experienced investors.
How can I start investing with Bitcoin Quark?
To get started, simply register on our platform, transfer funds, and purchase cryptocurrencies. The process is straightforward and transparent.
Is Bitcoin Quark secure?
Yes, Bitcoin Quark guarantees the full security of your funds. You can store them in your own wallet, eliminating the risk of losing control over your cryptocurrencies.
