Step-by-Step Guide: Transferring Crypto to Wallet from Revolut in 2023

How to Transfer Crypto to Wallet from Revolut

Revolut has become a popular platform for managing cryptocurrencies, allowing users to buy, sell, and hold various digital assets. However, if you want to take full control of your crypto holdings, you may want to transfer them to an external wallet. In this article, we will guide you through the process of transferring crypto from Revolut to any wallet of your choice.

Step 1: Accessing the Crypto Tab

To begin the transfer process, you need to access the crypto tab on the Revolut app or website. Look for the crypto tab, usually located at the top right corner of the screen. Click on it to proceed.

Step 2: Selecting the Crypto to Transfer

Once you are in the crypto section, you will see a list of the cryptocurrencies you hold in your Revolut account. Choose the specific crypto you want to transfer. For example, if you have ethereum, click on the Ethereum option.

Step 3: Initiating the Transfer

After selecting the desired cryptocurrency, you will find various options related to it. Look for the “Send” button and click on it. This will initiate the transfer process.

Step 4: Choosing the Transfer Method

At this stage, you have two options for transferring your crypto. The first option is to send it to an existing friend within the Revolut platform. If you have a friend who also uses Revolut and has a crypto wallet, you can send the funds directly to them.

Alternatively, you can choose the “Wallets” option. This allows you to add a crypto recipient by entering their crypto address manually. You will need to know the recipient’s wallet address to proceed.

Step 5: Adding the Recipient’s Crypto Address

If you select the “Wallets” option, you will be prompted to enter the recipient’s crypto address. This is a unique alphanumeric code associated with their wallet. Make sure to double-check the address to avoid any mistakes.

Additionally, Revolut provides a convenient QR code scanning feature. If the recipient’s wallet has a QR code associated with it, you can simply scan it using the Revolut app. This will automatically populate the recipient’s crypto address, saving you from potential errors.

Step 6: Completing the Transfer

After entering the recipient’s crypto address, you may be asked to provide a wallet name for future reference. This is optional but can be helpful if you plan to make multiple transfers to different wallets.

Once you have filled out all the necessary information, click on the “Continue” button to proceed. Revolut will then process your transfer request and initiate the transaction. The time it takes for the transfer to complete may vary depending on network congestion and other factors.

Frequently Asked Questions (FAQs)

1. Can I transfer any cryptocurrency from Revolut to an external wallet?

Yes, you can transfer any cryptocurrency supported by Revolut to an external wallet. The process is similar for all cryptocurrencies available on the platform.

2. Are there any fees associated with transferring crypto from Revolut?

Revolut may charge a small fee for transferring crypto to an external wallet. The fee amount depends on various factors, including the cryptocurrency being transferred and the destination wallet. It is recommended to check Revolut’s fee schedule for accurate information.

3. Can I transfer crypto from Revolut to a hardware wallet?

Yes, you can transfer crypto from Revolut to a hardware wallet. Simply follow the steps mentioned in this article and provide the crypto address associated with your hardware wallet.

4. Is it safe to transfer crypto from Revolut to an external wallet?

Transferring crypto from Revolut to an external wallet is generally considered safe. However, it is important to ensure that you are using a reputable and secure wallet. Always double-check the recipient’s crypto address to avoid sending funds to the wrong destination.

Conclusion

Transferring crypto from Revolut to an external wallet is a straightforward process. By following the steps outlined in this article, you can take full control of your crypto holdings and store them in a wallet of your choice. Remember to exercise caution and verify all the details before initiating any transfer.