What you should know about Revolut Crypto Transfer
High Accessibility, High Costs: While Revolut makes sending crypto to external wallets easy, beware of trading spreads (up to 1.49%–1.99% for Standard users) and flat network fees for withdrawals.
Tiered Fee Structure: Premium and Metal users enjoy lower transaction fees (down to 0.49%–0.99%) and higher fair usage limits, making it more viable for larger or frequent transfers.
Restricted Withdrawal Network: You can only withdraw to specific supported networks (like Bitcoin or Ethereum); always double-check the recipient address type to avoid permanent loss of funds.
Instant Peer-to-Peer: Internal transfers between Revolut users are instant and free, making it an excellent tool for quick off-chain payments within the Revolut ecosystem.
Prerequisites
Verified Revolut Account: Ensure your identity is fully verified.
Compatible External Wallet: A non-custodial wallet (e.g., Ledger, Trezor, MetaMask) that supports the token network.
Network Awareness: Confirm the destination wallet supports the specific network (e.g., Bitcoin, Ethereum ERC-20) being used.
Transaction Fees: Ensure you have extra funds in the crypto balance to cover variable network mining fees.
How to Transfer Crypto
Open the Revolut app and navigate to the Crypto tab.
Tap Send and select the cryptocurrency you wish to transfer.
Tap New (or select an existing saved address) to enter the destination wallet address.
Carefully scan or paste the wallet address. Double-check every character.
Enter the amount and review the transaction details, including network fees.
Confirm the transaction with your 2FA/Biometric security.
Common Pitfalls
Network Mismatch: Sending to an unsupported network (e.g., sending ERC-20 tokens to a non-Ethereum address) can result in a permanent loss of funds.
Copy-Paste Errors: Always double-check the first and last 4 characters of the wallet address before hitting send.
Exchange Limitations: If sending to an exchange deposit address, verify that the exchange supports deposits via that specific network.
Network Congestion: High network traffic can lead to delayed transactions and fluctuating mining fees.
