Revolut, a global financial superapp with over 28 million customers worldwide, takes another step closer to its mission to offer customers the best financial products and services for managing their money. The app has a mission to create a top-tier crypto offering, with features, products and courses released on a regular basis within its financial superapp. Revolut allows investment in Collectionsavailable to customers in the UK and the European Economic Area, a new way to experience and exchange tokens.
Revolut Collections, what they are
Crypto Collections bring together the over 100 tokens available in the app into groups based on the underlying technology and use case of the token. Customers also have the option to purchase an entire collection and distribute their investment evenly across all tokens in the collection. Examples of crypto collections are Metaverse, NFT, Layer 1 e Defi. A customer can also track the collection as a whole, with an aggregated view.
The new feature, based on the “Learn” cryptocurrency education toolpushes users to learn and focus on the technology behind each token, rather than the hype and “fomo” of the cryptocurrency market.
The opinion of Narmin Ibadullayeva, Revolut’s Crypto Product Owner
Narmin Ibadullayeva, Product Owner Crypto di Revolut, he said: “With Collections, users can discover new tokens based on the underlying technology and understand more about what the protocol behind the token does. It also allows users to select the areas they are interested in and spread their investment across a number of tokens, instead of having to choose individual tokens. For example, a user might think that a certain domain will play an important role in the future, but not know how to act on this theory. With Collections, he will be able to easily find all the tokens related to that area and distribute his investment over all the related tokens”.
The feature is available for all Revolut plans. A minimum investment amount d applies for Standard clients1 Euro per collection token.
How to buy and sell cryptocurrencies on Revolut?
Revolut offers a wide range of financial products through its financial superapp, and cryptocurrencies are one of them increasingly popular. There are several ways to buy and sell cryptocurrencies on Revolut. Customers can set a stop or limit order so you don’t have to check the trend assiduously or use the recurring buy function to reduce volatility. Customers can also save loose change by converting it into a cryptocurrency of their choice.
As part of our mission to be the safest place to trade, use and learn about cryptocurrencies, Revolut regularly notifies customers that Crypto tokens are volatile assets and prices can change quickly. Revolut believes in expanding access to cryptocurrencies but also recognizes that it may not be right for everyone.
The firm encourages its clients to research various cryptocurrencies and the risks and opportunities before buying or selling. Customers should look into independent sources and learn about the differences between tokens, as well as consider their personal circumstances when buying or selling cryptocurrencies. Cryptocurrencies are unregulated, funds are unprotected, and their price is extremely volatile. You may also need to pay tax capital gains. Transaction and network fees are payable.