From XU Magazine, 
Online News

Bitcoin withdrawals have landed

May 6, 2021

You asked we, listened. When withdrawals? The time is now. If you’re a Metal paid plan customer, you’ll get exclusive beta access to this brand new feature. We’re starting with Bitcoin, but we’ll be adding more tokens and upgrades in the near future. Keep your eyes peeled! As always, we want to remind you than when buying or selling crypto, your capital is at risk.

If you’ve recently started buying crypto, or you’re more of a casual trader, you might not be familiar with withdrawals. This feature lets you take your crypto off one platform and transfer it elsewhere.

Choose where you keep your Bitcoin

There are a few places you can take your crypto with Revolut - other than storing it safely on our platform! You could send it to your preferred external drive (cold storage), as well as to other digital wallets (hot wallet). With Bitcoin withdrawals, the choice is yours.

Withdraw with a tap

Withdrawal on Revolut is as easy as 1, 2, 3. Just add an address (or choose one you’ve added previously), enter the amount, and hit withdraw! As easy as that is, we also wanted to make it safe, so we introduced two-factor authentication when you’re adding an address to make sure you know exactly where you’re sending your crypto.

Get exclusive beta access today

During our beta phase, you’ll be able to add a maximum of three external addresses. You can also withdraw up to £1000 a month, or £500 per day. We’ll review these limits in the future, so keep an eye out for any announcements!

Keeping crypto on Revolut? Your private keys will never touch the internet

The majority of our crypto funds are held in cold storage with some of the best custodians in the crypto game. External hard drives used for cold storage are disconnected from any networks when crypto transactions aren’t happening, so they’re as resistant to hacking as possible.

What are you waiting for? Discover crypto with Revolut, and explore all we have to offer.


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