Revolut has officially launched its new retail cryptocurrency trading platform, Revolut X, in the UK, marking a significant step in expanding access to digital assets for everyday users. Designed with simplicity and cost-efficiency in mind, the platform offers competitive fees, seamless fiat-to-crypto conversion, and direct integration within the existing Revolut app—making it easier than ever for retail investors to enter the crypto market.
With this launch, Revolut positions itself as a strong contender against major centralized exchanges by offering transparent pricing and enhanced usability. The move follows a period of regulatory adjustments in line with evolving UK financial rules, demonstrating Revolut’s commitment to compliance while still pushing innovation in fintech services.
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Competitive Fees and Transparent Pricing Model
One of the standout features of Revolut X is its fixed-fee structure, which aims to reduce costs for both active traders and casual investors. Regardless of trade volume:
- Maker fees are set at 0%
- Taker fees are fixed at just 0.09%
This pricing model contrasts sharply with many traditional exchanges that use tiered fee structures based on trading volume or membership levels. By eliminating complexity and offering predictable costs, Revolut ensures users can trade without worrying about hidden charges or fluctuating rates.
Leonid Bashlykov, Head of Cryptocurrency Products at Revolut, emphasized that the goal was to create a product tailored to experienced traders while remaining accessible to beginners:
“We’re excited to launch a crypto offering that meets the core needs of seasoned traders—focusing on competitive pricing and the ease of moving funds between fiat and digital currencies.”
The flat-rate approach also benefits frequent traders who typically face higher cumulative costs on other platforms, especially during high-market volatility when small percentage differences add up quickly.
Wide Range of Supported Cryptocurrencies
At launch, Revolut X supports over 100 cryptocurrencies, including top-tier digital assets such as:
- Bitcoin (BTC)
- Ethereum (ETH)
- XRP
- Litecoin (LTC)
- Chainlink (LINK)
- Polkadot (DOT)
This diverse selection allows users to build diversified portfolios across established and emerging blockchain ecosystems. Moreover, Revolut has confirmed plans to expand its supported asset list in the future, responding dynamically to market demand and technological developments.
Security remains a top priority. According to Bashlykov, the vast majority of user funds are stored in cold storage—offline wallets that are not connected to the internet—and never lent out or used in yield-generating DeFi protocols. This approach significantly reduces exposure to hacks and smart contract risks, providing peace of mind for retail investors concerned about asset safety.
Seamless Access for All UK Retail Users
All UK-based retail customers can now access Revolut X directly through their existing Revolut accounts—no additional sign-up, verification, or fees required. This frictionless integration allows users to:
- Instantly switch between fiat balances and crypto holdings
- Execute trades within seconds
- Manage both traditional banking and crypto investments in one place
There are no extra charges for transferring funds between the main Revolut account and the trading interface, enhancing overall efficiency and user experience.
This unified ecosystem reflects a growing trend in neobanking: combining everyday financial tools with next-generation investment options like cryptocurrency, stock trading, and savings products—all under one app.
Navigating UK Regulatory Changes
Revolut’s journey to relaunching its crypto services wasn’t without challenges. In 2023, the company had to temporarily pause certain crypto functionalities due to stricter regulations imposed by the UK’s Financial Conduct Authority (FCA).
During this period:
- New customers couldn’t purchase cryptocurrencies via Revolut Business
- Existing business users retained the ability to hold or sell their current holdings
- Retail clients were unaffected and continued to enjoy full trading capabilities
These temporary restrictions were part of broader FCA rules aimed at protecting consumers from misleading marketing and high-risk investments. Key requirements now include:
- Clear, fair, and non-misleading crypto advertising
- Prominent risk warnings in all promotional materials
- Elimination of referral bonuses (e.g., “refer-a-friend” incentives)
- A mandatory 24-hour cooling-off period for new investors
- Verification of investor knowledge and experience before allowing crypto purchases
Non-compliance can result in severe penalties—including fines and even up to two years in prison.
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Impact on the UK Crypto Market Landscape
The FCA’s regulatory framework has already reshaped the UK’s digital asset landscape. Several major players have adjusted their operations accordingly:
- Bybit withdrew from the UK market ahead of regulatory changes
- PayPal paused its stablecoin-related services amid scrutiny
- Luno restricted some users from making new crypto investments
These shifts highlight the importance of compliance in maintaining market access—and position compliant fintechs like Revolut as trusted gateways for retail adoption.
Despite tighter controls, demand for crypto access remains strong. Revolut’s decision to reintroduce its platform with enhanced safeguards shows confidence in long-term growth and responsible innovation.
Frequently Asked Questions (FAQ)
Q: Is Revolut X available to all UK users?
Yes, all retail customers in the UK can access Revolut X using their existing accounts. No additional registration is needed.
Q: Are there any transaction fees on Revolut X?
Yes, but they’re highly competitive: makers pay 0%, takers pay 0.09%. There are no hidden costs or fees for internal transfers.
Q: How does Revolut protect my cryptocurrency?
Most digital assets are stored in cold storage (offline), and none are lent out or used in decentralized finance (DeFi) activities, minimizing risk.
Q: Can I still use crypto services on Revolut Business?
Currently, purchasing new crypto assets via Revolut Business is paused due to FCA regulations. However, holding and selling existing assets remain possible.
Q: Does Revolut verify my knowledge before allowing trades?
Under FCA rules, platforms must assess investor understanding. Revolut may ask questions to confirm your familiarity with crypto risks before enabling trading.
Q: Will more cryptocurrencies be added in the future?
Yes, Revolut plans to expand its list of supported coins based on user demand and market developments.
The launch of Revolut X represents a pivotal moment in the mainstream adoption of cryptocurrency in the UK. By combining low fees, strong security, and regulatory compliance, Revolut offers a compelling alternative to traditional exchanges—especially for retail investors looking for a simple, trustworthy entry point into digital assets.
As the regulatory environment continues to mature, platforms that balance innovation with responsibility will lead the next phase of crypto growth.
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