You may have made a decent profit trading or holding on to your cryptocurrencies for a while, or you just don’t feel right storing them at a digital bank like Revolut. Whatever the reason, there certainly comes a time when you just want to withdraw your digital assets to a more secure wallet. To be able to do this, you’ll need a safe, secure, and trustworthy cryptocurrency wallet to store your digital assets before eventually selling them for fiat currencies and ‘’cashing out.’’
In this how-to withdraw crypto from Revolut guide, we will guide you through the process of withdrawing crypto from Revolut to your Zengo wallet, making sure that you won’t make any mistakes and that you can rest assured that you are in total control of the private keys to your digital asset holdings.
If you want to withdraw crypto from Revolut, you have to make sure that you have set up your Zengo wallet correctly beforehand. Zengo is a next-generation non-custodial cryptocurrency wallet that utilizes the latest MPC technology to ensure your digital assets are safe and secure. Zengo is safer than any hardware wallet and more reliable than centralized cryptocurrency exchanges and digital banks because of its built-in Web3 firewall, no private key vulnerability, and guaranteed account recovery system that makes use of biometric facial recognition software instead of traditional mnemonic key phrases.
When you have downloaded the Zengo cryptocurrency wallet app and installed it, simply follow the steps below to withdraw your crypto from Revolut to Zengo.
One of the biggest pain points that both crypto veterans and newcomers share is how difficult it can be to keep track of an ever-evolving marketplace. Despite its popularity, Ethereum has seen massive peaks and troughs over the last few years, and you have to act quickly. With Zengo, you can view historical charts along with your existing portfolio and the market value of other cryptocurrencies you’d like to explore directly in the app.
If you want to check whether your crypto has arrived in your Zengo wallet app, simply open the app and check the main balance page. If you are still unsure whether you have received the cryptocurrency or not, you can tap the ‘’History’’ button for a detailed overview of your latest transactions.
Zengo is the world’s safest, most secure cryptocurrency wallet that is both Web3-ready and non-custodial. Added to this, the Zengo app is designed in a beginner-friendly way, and it supports a broad range of digital assets, including, but not limited to Bitcoin, Ethereum, Tether, Tezos, and Dogecoin. Zengo allows users to buy, sell, and swap cryptocurrencies through its built-in trading feature and via external Dapps.
Zengo is on top of its game when it comes to the security of your digital assets and protects them with the latest biometric facial recognition 3-factor authentication MPC technology. The days of writing down seed phrases and printing QR codes are gone with Zengo, as you only need to use your facial identification to gain access to your private keys.
Zengo’s complete non-custodial wallet enables you to be in full control of your own cryptocurrency holdings. Additionally, you can diversify and expand your digital asset portfolio by using Zengo’s built-in fiat onramp feature. Buy crypto with fiat any time you want within just a few taps.
Are you just as tired of talking to chatbots as we are? Then say hello to Zengo! We only provide real human customer support 24/7, all 365 days of the year, including the weekends and holidays. You can contact customer support via live chat at any time, whenever necessary; our friendly and professional support will assist you in the best way possible.
Withdrawing crypto from your Zengo wallet is a simple and straightforward process. To send crypto to external wallets, simply tap the ‘’Actions’’ button, select the cryptocurrency you want to send and paste the receiving wallet address. After you have confirmed the transaction, the crypto will be sent automatically.
To withdraw crypto to fiat from your Zengo wallet, hit the ‘’Actions’’ tap from within the main menu, followed by the ‘’Sell’’ button. Once you’ve done this, select the digital asset you want to sell and specify the desired amount. Your Bitcoin or other digital assets will now automatically be sold via Zengo, and you will receive USD, EUR, or GBP in return. Once you have the fiat currency you want, you can ‘’cash this out’’ to the bank account connected to your Zengo account.
Revolut is a British financial technology company founded in 2015 by Nikolay Storonsky and Vlad Yatsenko that features a cryptocurrency exchange, debit cards, virtual cards, Apple Pay, interest-bearing savings accounts, commission-free stock trading, crypto, commodities, and other services. It is valued at $33 billion, making it the most valuable UK tech startup ever. Similar companies include Bunq, Klarna, N26, and Wise.
The main differences between Revolut and Zengo are that Revolut is a digital bank whilst Zengo is a non-custodial cryptocurrency wallet provider and that Revolut offers all sorts of trading, debit card, and currency exchange services whilst Zengo focuses on cryptocurrencies, Web3, and decentralized finance.
Revolut doesn’t charge withdrawal fees when you withdraw funds from your Revolut account to your bank account. However, when you use the Revolut Card to withdraw funds from an atm, you pay a 2% withdrawal fee with a minimum of €1 per withdrawal after 5 ATM withdrawals or €200 per rolling month (whichever comes first). Cryptocurrency transactions (fiat to crypto and vice versa) are subject to a 1,49% fee of the value of the crypto transaction.
If you transfer money from your Revolut account to your bank account, it takes between 1 and 3 days to arrive. Sending money to other Revolut users often takes at least one business day to arrive, and withdrawing money with your Revolut card is instant.
The most common problem that can occur when withdrawing crypto from Revolut is that you accidentally enter the wrong withdrawal address or select the wrong blockchain network. If you still proceed to send funds, these will be lost forever as cryptocurrency transactions are irreversible. For this reason, we highly recommend double-checking the details entered during cryptocurrency withdrawals. Additionally, in some cases, your bank might not accept cryptocurrency withdrawals from Revolut. You can contact your bank and inform them or consider switching banks if they continue blocking incoming transactions from Revolut.
You withdraw your crypto to fiat on Revolut by placing a market order and selling your crypto to fiat via the digital bank’s built-in exchange. Once your crypto is sold, you can withdraw the fiat currency you got in return by bank transfer, send it to another Revolut user, or withdraw it with your Revolut ATM card.
Alternatively, you can send your funds to your Zengo wallet, where they will be kept secure until you decide to withdraw them to fiat.
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