How to trade crypto in the UK using Revolut X

Uncover the step-by-step process for moving fiat from the Revolut banking app into the Revolut X application and trading cryptocurrencies.

Step 3: Once the deposit is approved from the Revolut mobile app, users can start trading on Revolut X.

Step 4: Revolut X only offers basic market and limit order options, which may not satisfy the needs of experienced traders seeking more advanced tools and strategies. Also, the app only supports a limited number of cryptocurrencies compared to major exchanges like Coinbase, Binance and Crypto.com.

The app also supports sell orders so that if users want to exit their crypto holdings (say, for stablecoins), they can set sell orders in the app.

Step 5: Users can check their portfolio performance and assets held by clicking on the portfolio tab on the left.

The future of Revolut X

Revolut X is poised for significant growth in the crypto space. Its entry into the crypto trading space presents both opportunities and challenges. While it offers a convenient and user-friendly platform, its limitations may not suit experienced traders.

However, with its integration across banking products and focus on user experience, Revolut has the potential to carve a niche as a leading crypto bank in the United Kingdom. As it expands its cryptocurrency offerings and trading features, Revolut X could become a major player in the evolving landscape of digital asset exchanges.