Are there any restrictions or limitations when using Revolut for cryptocurrency transactions in the USA?

3 answers

• nilspApr 27, 2023 · 2 years ago
  When using Revolut for cryptocurrency transactions in the USA, there are a few restrictions and limitations to keep in mind. Firstly, Revolut currently supports trading of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and XRP (Ripple). Other cryptocurrencies may not be available for trading on the platform. Additionally, there might be limitations on the amount of cryptocurrency that can be bought or sold within a certain time period. These limitations are in place to comply with regulatory requirements and ensure the security of transactions. It's important to check the specific limits set by Revolut for your account. Lastly, there might be restrictions on withdrawing cryptocurrency to an external wallet. Some platforms only allow withdrawals to wallets within their own ecosystem, so it's crucial to understand the withdrawal options provided by Revolut.
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• Haugaard BuckleyMar 11, 2024 · a year ago
  Using Revolut for cryptocurrency transactions in the USA comes with a few restrictions and limitations. The platform currently supports a limited number of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and XRP. If you're looking to trade other cryptocurrencies, you might need to consider using a different exchange. Additionally, there might be limitations on the amount of cryptocurrency that can be bought or sold within a certain time period. These limitations are in place to ensure compliance with regulations and prevent fraudulent activities. It's important to be aware of these restrictions and plan your transactions accordingly. Lastly, there might be restrictions on withdrawing cryptocurrency to an external wallet. Make sure to check the withdrawal options provided by Revolut to understand the available options.
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• Ashim ShresthaNov 27, 2022 · 3 years ago
  When it comes to using Revolut for cryptocurrency transactions in the USA, there are a few restrictions and limitations to be aware of. While Revolut supports popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and XRP, it may not support all cryptocurrencies available in the market. Therefore, if you're interested in trading a specific cryptocurrency, it's important to check if it's available on the platform. Additionally, there might be limitations on the amount of cryptocurrency that can be bought or sold within a certain time period. These limitations are in place to ensure compliance with regulations and prevent money laundering. Lastly, there might be restrictions on withdrawing cryptocurrency to an external wallet. Revolut may only allow withdrawals to wallets within its own ecosystem. It's recommended to review the withdrawal options provided by Revolut before making any transactions.
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