The system is not yet live but they are suggesting that their prices will be better than Coinbase and that using them your fees will be lower. Revolut are also gearing up to enable you to trade cryptocurrencies direct through Revolut. Add yourself as a beneficiary.Ĭoming soon trading cryptocurrencies with Revolut

Once funds are in your Revolut EUR account, you can exchange them from EUR to GBP (which is FREE).

Withdraw funds into Revolut (there’s a 15p charge).

Also enter the amount of money you want to withdraw.

Note down the IBAN and BIC from Revolut, and enter them into Coinbase.On Revolut, go into your Euro wallet -> Top Up -> Bank Transfer -> EUR.

If you haven’t already done so go to iTunes/play store and download the Revolut app.

Go to your Coinbase account and choose -> Accounts -> Euro Wallet -> Withdraw.

So these are our simple steps to get your money from Coinbase into GBP: Revolut is an app that you use on your phone and is ideal for changing currency which is what we want in this case. They are regulated by the Financial Conduct Authority, so your money is ring-fenced (in a Barclays account), so in the event there are problems with Revolut your money’s safe. When cashing out a sell from your cash balance to your bank account, a short holding period will be placed before you can cash out the funds from the sell. Tap Cash out now to complete this action.

Enter the amount you want to cash out and choose your transfer destination, then tap Preview cash out. They are recommended by Martin Lewis on Money Saving Expert as one of the best prepaid debit cards for foreign travel. From the Coinbase mobile app: Tap > Cash out. Now first of all Revolut is not some dodgy outfit that could disappear with your money in a trice. The good news is that there is a low cost solution using the app Revolut. The problems that UK users face are delays in transfers using the SEPA system and the vagaries of the fees that their bank will charge them and the exchange rate that will be applied. One of the problems that UK users find with using Coinbase is that when they sell their bitcoins or other cryptos that Coinbase supports (Litecoin, Ether, Bitcoincash), the proceeds are in Euros and that they then need to get the money into their UK bank account in UK pounds (GBP).

No withdraw button on coinbase app