how to take out crypto money from revolut

With the rise of digital currencies, platforms like Revolut have made it easier than ever for users to buy, sell, and hold crypto assets. However, when it’s time to move your digital coins out of Revolut—whether for storage in your personal wallet or to use them elsewhere—it’s essential to know the correct steps and important considerations. In this guide, we’ll walk you through how to take out your crypto money from Revolut, and provide crucial tips to ensure your transaction is smooth and secure.

Step-by-Step Guide to Withdrawing Crypto from Revolut

Withdrawing cryptocurrency from Revolut used to be a challenge, as for a long time it wasn’t possible to move crypto assets outside the platform. However, Revolut has gradually introduced crypto withdrawals for supported coins, such as Bitcoin, Ethereum, and a few others, especially for users with a Metal or Premium account. First, ensure your account is eligible for crypto withdrawals by checking the latest app updates or the official Revolut website.

To start the withdrawal process, open your Revolut app and navigate to the ‘Crypto’ section. Select the cryptocurrency you wish to withdraw. If this is your first time, you might need to add an external wallet address. Make sure you copy the correct address from your private crypto wallet (like MetaMask, Ledger, or another secure wallet) and paste it into the Revolut app. Always double-check this address—crypto transactions are irreversible!

Once your wallet address is saved, enter the amount you wish to withdraw. Review the transaction carefully, including any network fees and minimum withdrawal amounts. Confirm the withdrawal and complete any additional security verification steps required by Revolut (such as entering a code sent to your email or phone). After confirmation, your crypto should appear in your external wallet within a short period, depending on blockchain congestion and network speed.

Essential Tips Before Moving Your Crypto Funds Out

Before transferring your crypto off Revolut, consider the fees involved. Revolut often charges a network fee, and sometimes an additional service fee for withdrawals—these can add up, especially for smaller transactions. Compare these fees with those of other platforms or wallets to determine the most cost-effective method for your transfer. Some users might find it beneficial to wait for network congestion to decrease, as this can reduce transaction costs.

Always verify the security of the wallet to which you are sending your crypto. Use only reputable wallets and ensure your private keys are stored safely offline. Avoid sharing your wallet information with anyone, and double-check all transaction details before clicking "Send." A small mistake, like sending to the wrong address or choosing an incompatible network, can result in permanent loss of your funds.

Lastly, be aware of the tax implications in your country when withdrawing or moving crypto assets. Some regions treat moving crypto to your personal wallet as a taxable event, or require you to report such transactions. Consult with a financial advisor or tax professional to ensure you’re complying with local regulations. Keeping good records of your transactions will help you avoid any future legal or financial headaches.

Taking out your crypto money from Revolut is a straightforward process once you’ve understood the necessary steps and precautions. By following this guide, you can safely move your digital assets to a personal wallet, giving you greater control and flexibility over your investments. Always stay informed about the latest Revolut features, fees, and security best practices to make the most of your crypto journey. Happy trading!