What are the recommended strategies for using a Revolut EUR account to buy and sell cryptocurrencies efficiently?

3 answers

• Nov 29, 2021 · 3 years ago
  One recommended strategy is to first ensure that your Revolut EUR account is fully verified and linked to your cryptocurrency exchange account. This will allow for seamless transfers between your Revolut account and the exchange, reducing transaction times and fees. Additionally, it is important to stay updated on the latest cryptocurrency market trends and news to make informed buying and selling decisions. Lastly, consider setting up price alerts or limit orders to automate your trading and take advantage of favorable market conditions.
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• Nov 29, 2021 · 3 years ago
  When using a Revolut EUR account to buy and sell cryptocurrencies, it's important to keep in mind that Revolut is primarily a banking app and not a dedicated cryptocurrency exchange. While it offers the convenience of buying and selling cryptocurrencies within the app, it may not provide the same level of features and liquidity as specialized exchanges. Therefore, it's recommended to use Revolut for smaller transactions or for quick conversions, but for larger trades or more advanced trading features, consider using a dedicated cryptocurrency exchange.
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• Nov 29, 2021 · 3 years ago
  As an expert at BYDFi, I can confidently say that using a Revolut EUR account can be a convenient way to buy and sell cryptocurrencies. One strategy is to take advantage of Revolut's competitive exchange rates and low fees when converting your EUR to cryptocurrencies. Additionally, Revolut offers a user-friendly interface and instant transfers, making it easy to execute trades quickly. However, it's important to note that Revolut may have limitations on certain cryptocurrencies and may not offer the same level of security as dedicated cryptocurrency exchanges. Therefore, it's always recommended to do your own research and consider using multiple platforms for your cryptocurrency trading needs.
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