Skip to content
Real Cryptocurrency Hub

Real Cryptocurrency Hub

Crypto Comeback Pro is an auto trading platform that allows you to invest in the crypto market and start making money right away. Sign Up HERE

  • Home
  • Start Trading
  • English
    • English
    • Español
    • Italiano
    • Polski
    • Svenska
    • Deutsch
    • العربية
  • News
    • Mining
    • Bitcoin (BTC)
    • ATM
  • Guides
  • How To’s
  • Exchange/Wallet
  • Brokers
  • Bitcoin Price Prediction
  • ✉ Contact
  • Home
  • Bitcoin (BTC)
  • Revolut Opens Doors for Bitcoin Withdrawals for their UK Users
  • Bitcoin (BTC)
  • Crypto News

Revolut Opens Doors for Bitcoin Withdrawals for their UK Users

Blaine Matta May 6, 2021 2 min read

Revolut’s UK users shall be happy to learn that the firm is now allowing transfers off their platform for Bitcoin.

Revolut is one of the big fintech firms that offers users access to cryptocurrency in a custodial manner. It is now starting to experience allowing transfers off their platform for Bitcoin users in the UK. This signifies baby steps toward Bitcoin self-custody.

It is quite interesting to see more and more fintech firms from Revolut to PayPal get involved in the space in various ways.

There is a progression from custodial to less custodial to giving people access to their own keys where they can store their Bitcoin. They can store the Bitcoin wherever they want off the platform on which they got it.

Revolut’s move may be seen as either an aberration or a pattern that might be seen with other of these fintech players.

These fintech companies are all taking over slowly and that was something expected. There are companies like Robinhood, PayPal, and Revolut, saying that they are going to introduce crypto in tiny baby steps. You cannot really do anything with it but buy it and hold it on the platform and then can get rid of it on the platform.

So slowly all these companies are going to transition to be able to move these funds to wherever they want. Companies are hesitant to introduce that right off the bat because it is complicated technology and is new for people to understand. For new users of crypto, this concept of moving crypto to another account can get quite complicated and has many issues attached.

Someone might lose their coins and then write to the company to return their coins, which they accidentally sent to the wrong address. The company would have to explain to them that they actually had control over it and they should have been careful.

Thus, it is understandable why such a step was not taken earlier. A move into this space is expected as people get more comfortable with this technology and companies discover how to put on training wheels.

Just as you start to see, PayPal get into the crypto space as well and be this walled garden to plan. Other companies that have been in that kind of walled garden arena for a bit start to open up the gates in some way.

The move by Revolt and other like companies might point to customers being more educated about it. More people are asking about it, more people have started to feel comfortable with it, and is a good indicator for getting people involved.

These bridges and gateways into the crypto world are quite significant. The Crypto world is evolving and maturing with different niches and target products being created to cater to everyone’s needs.

Post Views: 519

Continue Reading

Previous: 214 Million Dollar Crypto Fraud is under Investigation by South Korean Police
Next: Latest Development in Ripple Labs Lawsuit: SEC Ready for Offense Once Again

Related Stories

Withdrawals Have Been Frozen By Hodlnaut Citing Market Conditions
2 min read
  • Crypto News

Withdrawals Have Been Frozen By Hodlnaut Citing Market Conditions

August 3, 2022
Following a Strong Trend, Lido DAO is All Set to Record a Downward Movement
2 min read
  • Crypto News
  • Price Analysis
  • Trading

Following a Strong Trend, Lido DAO is All Set to Record a Downward Movement

August 2, 2022
Coinbase Obtains Operational License In Italy
3 min read
  • Crypto News
  • Cryptocurrency Exchange / Crypto Wallet

Coinbase Obtains Operational License In Italy

August 1, 2022

Read our disclaimer

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$23,871.00
2.35%
ethereum
Ethereum (ETH)
$1,780.13
4.00%
tether
Tether (USDT)
$1.00
0.04%
usd-coin
USD Coin (USDC)
$1.00
0.17%
binancecoin
BNB (BNB)
$324.70
-0.41%
ripple
XRP (XRP)
$0.377749
1.00%
cardano
Cardano (ADA)
$0.53
0.22%
polkadot
Polkadot (DOT)
$9.21
4.70%
dogecoin
Dogecoin (DOGE)
$0.070791
1.15%
Uniswap
Uniswap (UNI)
$8.82
-0.56%

Recent Posts

  • Withdrawals Have Been Frozen By Hodlnaut Citing Market Conditions

    Withdrawals Have Been Frozen By Hodlnaut Citing Market Conditions

    Hodlnaut has announced that it has frozen its services for the users. The firm made an official announcement
  • Following a Strong Trend, Lido DAO is All Set to Record a Downward Movement

    Following a Strong Trend, Lido DAO is All Set to Record a Downward Movement

    Lido DAO (LDO) has proven to be one of the top performers in the cryptocurrency industry in the
  • CTproz Review – A Recommended Crypto Broker

    CTproz Review – A Recommended Crypto Broker

    CTproz Review The number of people engaging in online trading continues to rise, and if you don’t want
  • Coinbase Obtains Operational License In Italy

    Coinbase Obtains Operational License In Italy

    One of the top crypto exchanges in the market, Coinbase recently achieved yet another milestone, as it was
  • Central Bank Of Honduras Warns About Crypto Dangers

    Central Bank Of Honduras Warns About Crypto Dangers

    A release was recently published by the Central Bank of Honduras that is aimed at clarifying the institution’s

Start Trading

Categories

Top Posts

  • Grayscale’s Assets Under Management Rose To $30B Milestone After Adding $10B In A Month

    Grayscale’s Assets Under Management Rose To $30B Milestone After Adding $10B In A Month

    Grayscale Investments, the world-leading crypto asset manager, continues on the journey of its rapid growth by smashing another
  • Bitcoin’s Market Cap Surpasses $400 Billion For The First Time In History As Price Touches $23K

    Bitcoin’s Market Cap Surpasses $400 Billion For The First Time In History As Price Touches $23K

    Over the past two days consecutively, the world’s largest digital currency by market value Bitcoin (BTC) is trading
  • Turkey’s Central Bank Bans Use Of Crypto

    Turkey’s Central Bank Bans Use Of Crypto

    In the early days of the cryptocurrency market, the public view of the market was subject to various
  • XCGIN Review – What Makes it the Right Choice?

    XCGIN Review – What Makes it the Right Choice?

    XCGIN Review You will not come across any company or business that touts its own flaws. Every single
  • Terra (LUNA) Price to Drop to $25.64 or Surge to $76.93

    Terra (LUNA) Price to Drop to $25.64 or Surge to $76.93

    Despite making several efforts, the investors have not found much success in launching a bullish trend in favor

Archives

You may have missed

Withdrawals Have Been Frozen By Hodlnaut Citing Market Conditions
2 min read
  • Crypto News

Withdrawals Have Been Frozen By Hodlnaut Citing Market Conditions

August 3, 2022
Following a Strong Trend, Lido DAO is All Set to Record a Downward Movement
2 min read
  • Crypto News
  • Price Analysis
  • Trading

Following a Strong Trend, Lido DAO is All Set to Record a Downward Movement

August 2, 2022
CTproz Review – A Recommended Crypto Broker
3 min read
  • Brokers
  • Reviews

CTproz Review – A Recommended Crypto Broker

August 1, 2022
Coinbase Obtains Operational License In Italy
3 min read
  • Crypto News
  • Cryptocurrency Exchange / Crypto Wallet

Coinbase Obtains Operational License In Italy

August 1, 2022
  • Kraken
  • OrbitGTM
  • Fxoro
  • KuCoin
  • Huobi
  • Bitfinex
  • PrimeXBT
  • CTmatador
  • DXCBIT
  • PrimeHolders
  • CMC Markets
  • XCGIN
  • Virtual Payout
  • Gamma Capitals
  • Towards Soure
  • CoinsMarkets
  • ArgoTrade
  • Global Solution
  • CTProz
Copyright © All rights reserved. | DarkNews by AF themes.
  • bitcoinBitcoin(BTC)$23,871.002.35%
  • ethereumEthereum(ETH)$1,780.134.00%
  • tetherTether(USDT)$1.000.04%
  • usd-coinUSD Coin(USDC)$1.000.17%
  • binancecoinBNB(BNB)$324.70-0.41%
  • rippleXRP(XRP)$0.3777491.00%
  • cardanoCardano(ADA)$0.530.22%
  • SolanaSolana(SOL)$42.501.16%
  • polkadotPolkadot(DOT)$9.214.70%
  • dogecoinDogecoin(DOGE)$0.0707911.15%
  • UniswapUniswap(UNI)$8.82-0.56%
  • bitcoin-cashBitcoin Cash(BCH)$144.181.69%