[Revolut] Banking Alternative and Cryptocurrency-Friendly Account

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Revolut is a digital banking alternative that takes the form of a smartphone app, which you can use to withdraw funds to from your favourite exchange such as Coinbase. I've recently written a post about Revolut, and thought I'd do a quick follow up sharing my experiences so far.

The reason I first looked into Revolut was because I needed an account that I could use to transfer funds from Coinbase to. Apparently, Nationwide (my UK bank) won't do SEPA payments to any crypto related company because of the German company who handle their SEPA payments. I had the choice of looking into opening another bank account with a UK high street bank, or there was Revolut. I signed up for a Premium account (I'll outline the difference between a free and premium account further down), verified and ordered a Contactless Mastercard last week. Verification was a very quick and easy process, you simply need to top up with a credit/debit card (or bank transfer) to the tune of £10 (amount may vary from country to country).

As you can see from the two slightly blurry pictures (sorry), I received my card at the weekend (slight delay because of the storm we had last week) and it came in this very premium looking packaging. I have to say, I'm a sucker for nice packaging. Pulling the tab revealed my MasterCard from the opposite side, with mine being one of the premium designs.

I helped @Calluna sign up for an account yesterday, and within 20 minutes we had the account setup, verified and her new MasterCard ordered. There are no fees involved, which we tested out by depositing £30 and transferring back £20 to her bank account and not a penny was lost. I can't find a definitive list of countries that are supported, but certainly the US, Europe and most of Asia seem to be covered. If you're struggling with your bank and Coinbase (or other Exchanges are available of course!) then definitely give Revolut a go.

I made a quick transfer to and then from Coinbase in Euros, and it all went down without a hitch and in only a couple of hours. I'll be liquidating some of my Litecoin in the next few days, so if I hit any snags I'll post an update here.

Until the 11th March 2018, you can order your debit card absolutely free with free standard delivery. If you choose the free account, that means you won't be charged a penny and will have a fully functional multi-currency account with working MasterCard in minutes. There is also the choice of a free virtual card as well for online spending.

The main differences between the standard account and premium is increased limits, choice of card design, free worldwide emergency medical insurance and access to the cryptocurrency exchange. I encourage everyone to do their own research, so you can head on over to their Pricing Page or check out the features of a premium account. I've also included my personal referral code below, so if you feel like using it I'd really appreciate it.

Overall I can't recommend this banking app enough, there are no fees (other than your premium membership fee if you choose it) and transfers do indeed appear to be lightning fast. Having a card that you can easily spend your cryptocurrencies with is a big draw for me personally, but also a card and account that you can switch between fiat currencies with will definitely come in handy over the next year. What do you think about Revolut? I really like to hear your thoughts on these things guys, so make sure to let me know down in the comments section. As always, make sure to follow me here on Steemit (or your Steem platform of choice) for the latest Cryptocurrency, Internet and Pop Culture updates. Peace!

My Referral Link

Edit: Thanks to @smidge-tv for finding the link to the list of available countries: https://www.revolut.com/rs/faq#where-is-revolut-available
Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Isle of Man, Italy, Jersey, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland and the United Kingdom.

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