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RE: Revolut Not That Friendly For Crypto
I know exchanges are often used like that but after the multiple thefts/ frauds/ hacks/ bankruptcies you have to be mad to keep coins on an exchange.
In addition you do t really own the crypto (as you don’t have the private keys) and are in no way taking part in the crypto movement as you cannot transfer value in any way, or run Dapps using ethereum etc etc.
You don’t even know if they actually have the crypto you notionally hold in your account!
I’ll be staying clear.
It's not an exchange, it's a real bank, with a European Banking Licence, that means your funds are protected upto 100,000 Euros. If the bank fails the European Market Quangos will repay your loss.
Ok But how do you use your crypto for anything other than buying and selling?
I don't use it to buy and sell, I just use it to transfer money from coinbase.
Then I go to the cash machine and withdraw lovely new banknotes.
This way it keeps the money away from my normal bank accounts.