How long does it take to buy bitcoin on coinbase
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That person or organisation would be referred to as a sub-custodian. If there is any inconsistency between these terms and conditions and our Personal Terms , these terms and conditions will apply. You can ask for a copy of these terms and conditions from one of our support agents through the Revolut app. Cryptocurrencies are not like the e-money in your Revolut account. When you buy cryptocurrency through the Revolut app, it will not be protected by the Financial Services Compensation Scheme.
We do not provide any investment advice relating to our crypto service. You should carefully consider whether your personal situation and the financial risks you are willing to take mean that you should not buy cryptocurrencies. You may want to speak to an independent financial adviser. The cryptocurrencies available through our crypto services from time to time are shown in the app.
To make sure you have safe access to our crypto services, download any updates for your device or the Revolut app as soon as they become available.
Those new to bitcoin will appreciate the simple and straightforward platform and CopyTrader system that allows you to mimic trades from others on the platform. When you store your coins on the Coinbase app, you do control them. To use it, download a 2FA app such as Lastpass Authenticator or onto your phone. Every transaction on the blockchain is public and recorded on countless computers around the world. Fool Podcasts. Early adopters to the cryptocurrency bandwagon or with major holdings can earn serious interest with rates up to 8. Recent reports peg Coinbase as worth well north of its valuation.
We call our services that allow you to buy, sell, receive or spend cryptocurrency our crypto services. We may limit the amount of cryptocurrency you can buy.
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We will tell you the amount of any limit before we accept your instruction. Sometimes we might refuse your instruction to buy or sell cryptocurrency.
If we do, we will not be responsible for any losses you suffer as a result. We may refuse your instruction if:. This means you can tell us when to sell or transfer it within the limits of these terms and conditions. You have complete control of your cryptocurrencies, and we will only act upon instructions you give us. You will not be able to carry out transactions yourself.
You will not have a separate cryptocurrency account.
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You can transfer cryptocurrency to other Revolut customers in the Revolut app. You cannot pay in cryptocurrency using your Revolut Card either. This means that if you make a payment using your Revolut card, and the only funds you have are in a cryptocurrency, the payment will fail.
Our exchange rate for buying or selling cryptocurrency is set by us, based on the rate that the crypto exchanges offer us.
How to buy bitcoin, which has rocketed in value in recent months
It is a variable exchange rate and, which means it is constantly changing. You can always see the current rate in the Revolut app. We charge you a small fee on crypto exchanges as set out in our Fees Page. The exchange rate may change between the time you told us you wanted to buy or sell cryptocurrency and the time we actually buy or sell it on your behalf.
This means that if you ask us to buy cryptocurrency, you may receive a little more or less cryptocurrency than what you had expected and if you ask us to sell cryptocurrency, you may receive more or less e-money than you expected. Remember, unless you are a Premium or Metal customer, you can make a set amount of free exchanges in crypto, commodities and foreign currencies every month. However, after that, you will start paying a fair usage fee. The set amount depends on what your base currency is and is set out on our Fees Page.
This fair usage fee applies in addition to any crypto fees. Cryptocurrency carries significant risks. You should carefully consider whether it is appropriate for you to buy cryptocurrency.
This could happen if, for example:. The price or value of cryptocurrencies can rapidly increase or decrease at any time. It may even fall to zero.
The basics
Unlike normal money, no bank or government can stabilise the value of cryptocurrency if it changes suddenly. A fork is a sudden change in how a cryptocurrency works. A fork may seriously change the function, value or even the name of a cryptocurrency. Unfortunately, for reasons beyond our control, a fork may cause a cryptocurrency we hold for you to be split into two cryptocurrencies. If this happens, the following may apply, as we see fit:.
You may have to pay taxes or costs on our crypto services. We are not responsible for collecting these from you, for making any payments on your behalf, or for providing any reports relating to tax. When sending bitcoin or litecoin, those funds tend to be accessible within minutes depending on the network. The standard processing times for deposit and withdrawal transactions are listed below:. For deposits via U. For withdrawals via U. For deposits via Philippines banks, business days.
For withdrawals via Philippines banks, business days. For deposits and withdrawals via Abra Tellers, within 1 hour. Abra Depositing and Withdrawing Top questions:. The standard processing times for deposit and withdrawal transactions are listed below: For deposits via U.