Revolut Kicks off Beta Phase of Bitcoin Withdrawals

Revolut Kicks off Beta Phase of Bitcoin Withdrawals

by May 7, 2021

Revolut, a British fintech company offering banking services, has rolled out the beta launch of bitcoin withdrawals to customer’s own preferred digital wallets.

The neobank added that during this beta phase, U.K.-based Metal customers will be able to withdraw up to £1000 a month, or £500 per day and add a maximum of three external addresses.

As an added security feature, Revolut introduced a two-factor authentication when customers add an address.

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In 2017, Revolut had introduced Bitcoin, Litecoin, and Ethereum trading but customers were only able to withdraw it as fiat until present.

According to CoinDesk, Ed Cooper, Revolut’s Head of Crypto said that Revolut’s Metal customers in the U.K. number around 80,000, an estimated 40,000 of whom have invested in cryptocurrency.

Revolut mentioned plans of adding more tokens and upgrades in the near future.