Revolut Launches Crypto Collections, a New Way to Buy, Experience, and Learn About Cryptos
Revolut, the global financial super app with more than 28 million customers worldwide, continues to advance in its mission to deliver top-tier financial products and services for effective money management with the introduction of their new service ‘Crypto Collections’.
In its pursuit of creating the ultimate crypto offering, Revolut consistently incorporates new features, products, and courses into its financial superapp. The company now offers Crypto Collections to its UK and EEA customers, presenting an innovative way to experience and trade tokens.
What are Crypto Collections?
Crypto Collections organizes the 100+ tokens available on the app into Collections based on the tokens’ underlying technology and use case. Customers can purchase an entire Collection, distributing their investment equally among all tokens in that Collection. Examples of Crypto Collections include Metaverse, NFTs, Layer 1, and DeFi. An aggregated view allows customers to monitor the Collection as a whole.
Expanding upon the crypto-education tool ‘Learn & Earn,’ the new feature encourages users to explore the technology behind each token, shifting focus away from the market’s hype and FOMO.
Narmin Ibadullayeva, Product Owner Crypto at Revolut, commented, “With Collections, users can discover new tokens based on the underlying technology and gain a better understanding of the protocol behind the token. It also enables users to select the areas they find interesting and diversify their investment across multiple tokens, rather than selecting individual tokens. For instance, one might believe a certain domain will play a significant role in the future but might be unsure how to act on this belief. Crypto Collections allows users to quickly identify all tokens related to that area and distribute their investment among the associated tokens on Revolut.”
The feature is accessible for all Revolut plans, with a minimum investment of £1 per token in the Collection for Standard users.
How to buy and sell cryptocurrencies on Revolut?
UK-established Revolut Ltd offers an extensive range of financial products via its financial superapp, with crypto becoming an increasingly popular feature. Customers have various options to buy and sell crypto on Revolut, including setting up a stop or limit order, utilizing the Recurring Buy feature to average out volatility, or rounding up spare change in their preferred cryptocurrency.
In its commitment to being the safest platform for trading, using, and learning about crypto, Revolut routinely reminds customers that crypto tokens are volatile assets with rapidly changing prices. The company advocates for broadening access to crypto while acknowledging it may not suit everyone. Revolut encourages customers to research different cryptocurrencies and assess the risks and opportunities before buying or selling. Customers should consult independent sources, understand token differences, and consider their circumstances when engaging in crypto transactions. Cryptocurrencies are unregulated, and funds are unprotected, with prices being extremely volatile. Taxes may apply on gains, and transaction and network fees are payable.
Companies In This Post
- Visa and Oxfam America to Explore Expanding Anticipatory Action Program to Bring Pre-Disaster Financial Support to the Philippines, Kenya, Colombia, and Puerto Rico Read more
- Global Centre launched to accelerate climate finance Read more
- A Third or More Young Investors Acted on Misleading Online Financial Advice Read more
- ICMA announces collaboration with IsDB and LSEG for developing guidance for practitioners on Green Sukuk Read more
- Crypto.com Receives Authorisation as an Electronic Money Institution from the United Kingdom’s Financial Conduct Authority Read more