Is it safe to store my cryptocurrencies on Revolut?

3 answers

• Dec 16, 2021 · 3 years ago
  Yes, it is generally safe to store your cryptocurrencies on Revolut. Revolut is a reputable financial institution that takes security seriously. They use advanced encryption and security measures to protect your digital assets. However, it's important to note that storing your cryptocurrencies on any platform carries some level of risk. It's always a good idea to do your own research and consider additional security measures, such as using a hardware wallet, for added protection.
  484242
• Dec 16, 2021 · 3 years ago
  Absolutely! Revolut has implemented robust security measures to ensure the safety of your cryptocurrencies. They use multi-signature technology, cold storage, and two-factor authentication to protect your funds. Additionally, Revolut is regulated by financial authorities, which adds an extra layer of security. However, it's important to remember that no platform is completely immune to hacking or other security breaches. It's always a good practice to diversify your storage options and not keep all your cryptocurrencies in one place.
  539180
• Dec 16, 2021 · 3 years ago
  While Revolut does offer cryptocurrency storage, it's important to consider other options as well. BYDFi, for example, is a decentralized exchange that allows you to have full control over your cryptocurrencies. Unlike centralized platforms like Revolut, BYDFi doesn't hold your private keys, which means you have complete ownership and control over your digital assets. However, it's worth noting that BYDFi is still a relatively new platform and may not have the same level of mainstream adoption as Revolut. Ultimately, the choice of where to store your cryptocurrencies depends on your personal preferences and risk tolerance.
  630158