Exchange Review

How to buy Crypto with Revolut Australia

Summary: Australian investors can buy Cryptocurrencies with Revolut, however, the fees are the most expensive starting at 2.5% per trade if you are a standard user. We recommend eToro Australia as the better multi-asset brokerage with lower fees.

Jennifer Leong
August 13, 2022

In this guide, we outline why Revolut is one of the least effective platforms in Australia to invest in cryptocurrency assets, as well as Stocks and ETFs. Learn more about their expensive fees, wide spreads, and what platform is the best alternative to get started.

Table of Contents

Can I buy Cryptocurrency with Revolut?

Yes, you can invest in cryptocurrencies like Bitcoin and Ethereum through your Revolut app. That said, Revolut is one of the most expensive methods in Australia to buy digital assets due to its high fees and wide spreads.

As of time of writing, Revolut charges the following fees to buy Crypto:

  • Revolut charges a fixed fee starting at 2.5% for Standard and Plus users. You need to subscribe to their platform to get access to lower fees at 1.5%
  • Wide spreads between the price of assets.
  • $10.99 subscription fee to receive lower 1.5% fixed fee on crypto trading.

Best alternative to Revolut for Crypto and Stocks

The best alternative platform to invest in Cryptocurrencies, Stocks, ETFs, Metals, and more is eToro Australia. They offer fast and cheap Australian Dollar (AUD) deposits from any bank account to trade over 65 crypto-assets and thousands of other assets from different global markets.

You can get started with this simple guide:

  1. Sign up to eToro Australia.
  2. Select the 'Deposit Funds' button at the bottom of your dashboard.
  3. Select 'AUD' and 'Bank Transfer' to connect your bank account.
  4. Login to your bank account and transfer AUD to the unique deposit details provided to you by eToro.
  5. Once the AUD hits your account, you can buy and trade any of the 3000+ assets listed on eToro.
Buy Crypto with Revolut in Australia

About Revolut

Revolut is a digital banking alternative that offers its users a whole host of benefits and features not typically available with traditional banks. Founded in 2015, Revolut has rapidly become one of the most popular financial institutions in Europe and Australia with over 10 million customers worldwide.

Revolut Australia

One of the main reasons for Revolut's popularity is the wide range of services it offers. In addition to providing a multicurrency account which allows users to hold and exchange 28 different currencies at the real exchange rate, Revolut also offers a prepaid debit card, crypto trading, metals trading, foreign currency transfers, loans, and investment products.

What's more, Revolut is licensed and regulated by the Australian Securities and Investments Commission (ASIC), meaning that it is a safe and secure option for users in Australia.

Visit eToro Australia

Author Bio

Jennifer just finished her Masters in Finance and is leading our team on the traditional banking & fintech research and content.

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