The world’s most popular finance app Revolut launches bitcoin withdrawals. More crypto tokens said to be added shortly. The app allows users to exchange money with no hidden fees and can purchase cryptocurrencies and gold. The mobile app has more than 15 million customers. Revolut deleted the announcement quickly. However, Altfi Managed to capture the post before deletion.
A Revolut spokesperson confirms the announcement in an email to Forbes, stating “we’re launching next Thursday; unfortunately blog went up a little too soon.” The Revolut spokesperson admitted that a scheduling error sent out an announcement sooner than it was supposed to.
Revolut offering bitcoin withdrawals from next week and adding more tokens for withdrawal in the future, the spokesperson said. Currently, a mobile app allows users to buy and sell 22 various cryptocurrencies. Last month, Revolut added 11 coins to the platform.
Some limits will apply during the beta period. Only three external addresses can be added, and withdrawals are limited to £1,000/month or £500/day.
Revolut becomes one major cryptocurrency mobile apps to offer bitcoin withdrawals now. PayPal and Robinhood both not currently allowing withdrawals of crypto. Company currently services over 15 million customers and 500,000 business customers in over 35 countries. With over 30-in app currencies the company boasts over 100 million transactions monthly, according to its website.
PayPal and Robinhood Still Does Not Offer BTC Withdrawals
Recently PayPal Joined the fray by offering cryptocurrency transactions, including allowing users to purchase bitcoin directly from PayPal. A few days before, the popular mobile payment service Venmo which owned by PayPal, also offers crypto transactions. But users not able to withdraw crypto off the mobile app.
Robinhood also doesn’t allow crypto withdrawals. But, they intend to add such functionality in the future.
The new feature has already pleased some Revolut users, with one user tweeting “Just got accesses to RevolutApp Crypto withdraw function and it works fairly well. The only thing I would say they have to change is the 3 max addresses. It is bad opsec to use the same address more than once on BTC. 9 out 10 and a step in the right direction for sure.”
