Revolut Unveiled: How to Open a Revolut Account?

If you're here, you have definitely heard about Revolut. You might have a couple of questions on what exactly is it, how it works and if it is reliable. We created this blog from an average person's experience, and long story short while traveling in Europe this was a great tool to have. Dive into this comprehensive guide where we answer the hottest questions about Revolut.

What is Revolut?

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Revolut began as a digital-only financial platform with the goal of simplifying easy-to-use, free-of-charge international money transfers. It has now developed into a multifaceted platform with functions including currency exchange and cryptocurrency trading, among others. Imagine it as your electronic wallet on steroids! In Europe, it is quite widely employed. It makes it really simple to divide the check, send money to each other, save your money in your digital wallet without paying fees, or start a bank account without having to fill out a gazillion forms.

How does Revolut work?

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Imagine having one of the biggest financial centers throughout the world in your pocket. Once you're set up, you can tap a button to quickly transfer, receive, and spend money across multiple currencies. Are you preparing a trip abroad or purchasing from a foreign website? With no additional fees, exchange currencies at competitive rates. Additionally, with the option to share expenses with friends, trade cryptocurrencies, and set up budgets. Revolut is made for the modern-day money master in you and is sleek, clever, and incredibly intuitive.

What You Can Do With Revolut?

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• Convert money into multiple currencies at real-time exchange rates.
• Spend globally without incurring foreign transaction fees.
• Instantly send money to other Revolut users anywhere in the world.
• Split bills with friends and request money seamlessly.
• Track expenses, set budgets, and get insights on your spending.
• Trade popular cryptocurrencies like Bitcoin and Ethereum.
• Save money with Vaults and round-up features.
• Withdraw cash from ATMs globally.
• Manage card security features right from the app.
• Dive into stock trading with commission-free trades.
• Enjoy tailored rewards and cashback offers.
• Opt for travel insurance packages that activate when you're abroad.

Is Revolut a bank?

Despite providing a wide range of financial services, Revolut is not a typical bank. Although it holds banking licenses in some areas, its primary business is as a financial technology platform. You get banking benefits without the normal restrictions and paperwork.

Is Revolut safe?

Security is a top priority for Revolut. They have your back with features like card freezing/unfreezing, location-based security, and robust encryption. Additionally, Revolut offers additional piece of mind by offering protection for cash held with them up to a particular amount in various regions.

How to Open a Revolut Account?

Ready to jump on the Revolut bandwagon? Here's how:

• Download the Revolut app from your device's app store.
• Follow this referral link to create an account
• Sign up with basic details like your phone number and email.
• Verify your identity with a photo ID and selfie.
• Set a strong password and enable device-specific security features.
• Choose your Revolut card type.
• Top up your account and start exploring!
• Congratulations! You're now a proud Revolut user. Dive in, explore the features, and make the most of your digital financial journey.

Revolut stands out as a leader in the fast-paced fintech industry. We hope this guide will provide some clarification, whether you're considering joining the Revolut movement or are simply interested. Till then, stay savvy and keep exploring!

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