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How To Buy Crypto Using Revolut X In The UK

Published May 13, 2024 8:46 AM
Alisha Bains
Published May 13, 2024 8:46 AM

Key Takeaways

  • Revolut X provides a user-friendly trading platform for both beginners and experienced traders.
  • Users can access Revolut X through the Revolut app and fund their accounts through various methods.
  • Revolut X offers an extensive range of cryptocurrencies and transparent fee structures for trading.
  • The platform prioritizes security and customer support, with features like 24/7 availability via encrypted chat and majority of funds held in cold storage.

Revolut X – the company’s recently announced cryptocurrency trading platform — is revolutionary for retail investors in the UK,  It provides a smooth and easy-to-use method for trading, buying, and selling more than 150 cryptocurrencies. 

In case you’re interested in buying cryptocurrencies via Revolut X, this article will explain the step-by-step guide to buy cryptocurrencies via Revolut X in the UK.

What Is Revolut X

Revolut X is a trading platform for both beginners and experienced crypto traders in the UK. Its user-friendly interface, extensive features, and focus on security make it a valuable tool for anyone looking to explore the world of cryptocurrencies.

Revolut , a popular financial technology company in the UK, operates as an authorized electronic money institution (EMI) under the supervision of the Financial Conduct Authority (FCA). This allows it to offer a wide array of services like banking, trading, and investments. 

However, due to its EMI status, Revolut is not yet a full-fledged bank and cannot provide lending products. Customer funds are protected under e-money safeguarding regulations, but they don’t benefit from the Financial Services Compensation Scheme (FSCS) like traditional bank deposits. 

Revolut has been seeking a full UK banking license since 2021, which would enable it to expand its offerings and provide FSCS protection to customers.

Step-By-Step Guide To Buy Crypto Using Revolut X In The UK

Here’s a simple guide on how to buy your first digital assets using Revolut X:

Step 1: Get Revolut And Revolut X

If you are not yet a Revolut user, you need to download the app and register. Although Revolut X is a separate platform, you can easily access it with your existing Revolut login information.

Step 2: Fund Your Revolut Account

You must fund your Revolut account before you can begin trading. You can accomplish this through a number of ways, such as top-ups with debit cards, bank transfers, or even using cryptocurrency that is already stored in your Revolut wallet.

Step 3: Navigate To Revolut X

Go to the Revolut app’s Crypto section after funding your account. There is a specific tab for Revolut X. To access the cryptocurrency trading interface, click on it.

Step 4: Choose your Cryptocurrency

Revolut X offers an extensive range of cryptocurrencies. Look over the list, do some research, and decide which crypto you want to invest into.

Step 5: Place Your Order

Enter the amount of cryptocurrency you want to buy. Revolut X will display the current market price and the estimated fees for your transaction. Review the details and confirm your order.

Revolut X has different fee structures for maker and taker orders. Maker orders, which add liquidity to the market, incur no fees. Taker orders, which remove liquidity, are charged 0.09%.

Step 6: Monitor Your Investment

Once your order is executed, the cryptocurrency will be added to your Revolut X portfolio. Keep an eye on your investments using the real-time charts and analytics provided by Revolut X.

Benefits Of Revolut X

Revolut X offers several benefits to its users:

  • Assets held 1:1: User funds are securely held in a 1:1 ratio, providing assurance that each unit of cryptocurrency is backed by an equivalent unit of fiat currency, enhancing trust and transparency.
  • Rigorous custodian due diligence: Revolut X conducts thorough due diligence on its custodians, ensuring the highest standards of security and reliability in safeguarding user assets.
  • Constant risk monitoring: The platform employs continuous risk monitoring mechanisms to detect and prevent any unauthorized access or attempts to compromise user accounts, enhancing overall security.
  • 24/7 availability via encrypted chat: Users have access to round-the-clock customer support through encrypted chat, providing prompt assistance and resolving queries in a secure manner.
  • Majority of funds held in cold storage: The majority of user funds are stored in cold storage, which offers an added layer of protection against cybersecurity threats and unauthorized access, ensuring the safety of user assets.
  • Learn: Revolut provides educational resources to help you make informed crypto investment decisions.

Why Revolut X Stands Out

Revolut X stands out because of:

  • Seamless integration: Easily move funds between Revolut and Revolut X with no limits or fees.
  • Wide variety of cryptocurrencies: Access over 150 tokens, allowing for diverse investment strategies.
  • Real-time trading: Benefit from real-time market data and quick execution of orders.
  • Advanced analytics: Use charts and tools to track market trends and make informed decisions.

Revolut Trading Plans: Choose The Right Fit For Your Financial Needs

Revolut offers a range of plans tailored to different needs, each with its own unique benefits:

  • Standard: Free of charge, this plan is ideal for those looking for basic features such as sending money abroad and budgeting tools.
  • Plus: Priced at £3.99/month, users gain access to additional perks like priority in-app support and enhanced spending protection.
  • Premium: At £7.99/month, Premium subscribers enjoy flexible benefits designed for both domestic and international use, allowing them to save, spend, send, and invest smarter.
  • Metal: For £14.99/month, Metal subscribers receive higher limits on investments and lifestyle-enhancing benefits, enhancing their banking experience.
  • Ultra: Currently available at an introductory offer of £45/month, Ultra subscribers enjoy exclusive lifestyle benefits, world-class travel perks, and a precision-engineered, platinum-plated card for an exceptional banking experience.


Revolut X marks a significant advancement in cryptocurrency trading for retail investors in the UK, offering a seamless platform for buying, selling, and trading over 150 cryptocurrencies. 

With its user-friendly interface, extensive features, and focus on security, Revolut X is poised to redefine the crypto trading experience.


Is Revolut X available only in the UK?

At present, Revolut X is available exclusively in the UK. However, there are plans for expansion into other markets in the future.


Can I transfer cryptocurrencies from other wallets to Revolut X?

Currently, Revolut X only supports buying, selling, and trading cryptocurrencies within its platform. Transfers from external wallets are not yet supported.

How does Revolut X ensure the security of user funds?

Revolut X employs advanced security measures such as rigorous custodian due diligence, constant risk monitoring, and the majority of funds being held in cold storage to safeguard user assets against unauthorized access and cyber threats.

Can I use Revolut X for day trading or high-frequency trading?

While Revolut X offers real-time trading capabilities and access to a wide range of cryptocurrencies, it may not be suitable for high-frequency or day trading due to factors such as liquidity constraints and fee structures. Users should consider their trading strategy and risk tolerance before engaging in such activities.


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