Get Your Bitcoin Out of Revolut! | Users Warn About Withdrawal Issues
Edited By
Samuel Nkosi
A growing tension is surfacing among people who use Revolut for cryptocurrency transactions. Many are voicing concerns about the platform's restrictions on withdrawing Bitcoin after one user reported being blocked from sending over £2000 daily.
Restrictions Raise Eyebrows
It appears that Revolut imposes strict limits on cryptocurrency withdrawals. One user noted, "They want £1500 fee to do so, and that’s just ridiculous!" Such fees, combined with the daily withdrawal cap, can make it exceedingly difficult for users to transfer their assets.
Complaints About Transparency
Commenters suggest that the situation may indicate that Revolut doesn’t actually hold the Bitcoin users think they own. One person commented, "Don’t buy crypto from Revolut full stop!" This sentiment reflects worries that customers may not genuinely possess their purchased coins. Overall, there are growing calls to move Bitcoin investments elsewhere.
User Experience Varies
While some users remain loyal to Revolut for everyday banking, others warn it’s not the best option for storing cryptocurrency. "If you are just storing Bitcoin there, they may look at it suspiciously," said a commenter. This highlights the need for clear communication about how the platform operates.
"Not your keys, not your crypto," echoed multiple voices across platforms, signaling a common concern that many users feel helpless about managing their digital assets.
Key Insights
⚠️ Users face withdrawal limits of £2000 per day.
🔄 High fees observed, reaching up to £1500 for transferring assets.
📉 Concerns exist regarding ownership and actual Bitcoin availability on the platform.
As Revolut faces scrutiny, will users heed the warnings and take their Bitcoin elsewhere? The buzz continues, and many are closely watching Revolut’s next move.