Uncover the step-by-step process for moving fiat from the Revolut banking app into the Revolut X application and trading cryptocurrencies.
Revolut is a financial technology (Fintech) company founded in 2015 that has become a major player in the challenger bank scene. But what exactly are challenger banks, and how does Revolut stand out with their cryptocurrency trading product? This article dives into Revolut’s cryptocurrency offerings, exploring its features, limitations and how it compares to competitors.
Challenger banks, also known as neobanks, are financial institutions that operate primarily online. They offer a streamlined alternative to traditional brick-and-mortar banks. They typically focus on mobile apps, providing a user-friendly experience for money management, payments, and, sometimes, investment opportunities.
Challenger banks leverage cutting-edge technology to offer faster, more efficient services. By eliminating physical branches and streamlining operations, challenger banks often boast lower fees than traditional banks. The mobile-centric design makes managing finances easier and more intuitive.
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Source: https://cointelegraph.com/news/how-to-trade-crypto-in-the-uk-using-revolut-x