Revolut Introduces Crypto Trading In Singapore Despite Chances Of New Restrictions |


Revolut has launched a cryptocurrency service in Singapore. Many firms have depicted unwavering belief in the market despite the downturn.

Singapore recently has been lacking clarity in terms of the restrictions that are supposed to be imposed in the crypto industry.

How To Get Free Crypto  
5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Some companies have been severely affected during the bloodbath, however, some have continued to move forward with their expansion plans.

Recently, BlackRock, the investment management company collaborated with Coinbase to extend cryptocurrency access to its clients.

In the similar vein, Revolut has unveiled its crypto service in Singapore. Along with this, Revolut also plans to increase their headcount by 20%.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

At the moment, the Fintech company has received approval from Singapore Monetary Authorities.

The company has mentioned that the exchange process will allow customers to convert 27 fiat currencies, gold or silver into crypto in just a step without any foreign exchange fees.

What is the best crypto casino in July 2022? Read our comprehensive comparison! We made deposits, played and reviewed 80+ crypto casinos to choose the best one.

The fees for customers are decided on the basis of which tier they belong to.

For instance, customers in the Standard tier shall be charged a 2.5 per transaction fee, but a Premium and Metal customer will be charged a 1.5 per cent fee.

Coinbase Banner  

Deepak Khanna, Head of wealth and trading at Revolut Singapore stated,

We plan to provide educational features in the coming months to help customers better understand the trends and risks associated with cryptocurrency

Many Ways To Buy And Sell Crypto On Revolut’s Platform

On Revolut, there are more than one way to buy and sell digital assets. The customers are allowed to set a stop or limit order as it would mean that they will not be required to time the market.

Customers can also use the Recurring Buy feature to average out the volatility in the market. Buyers and sellers will also be able to round up spare change of token of their liking.

Emil Urmanshin, Crypto General Manager at Revolut mentioned that there will be a lot of advantages on Revolut’s Platform, he stated,

Trying to navigate your way around traditional exchanges can be incredibly complex, and this process can often exclude people from getting access to cryptocurrency. With Revolut, customers can easily exchange fiat currencies to their choice of cryptocurrencies with the tap of a button.

Revolut Offers Customers To Buy, Sell and Hold More Than 80 Tokens

Revolut allows the investors to hold, buy and sell over 80 tokens via its app. The Fintech company also plans on extending educational services to the users which will help them receive better understanding of the overall industry.

FreeBitcoin Banner  

Revolut intends to focus on the market trends along with risks that are associated with dealing in crypto.

Additionally, Revolut also has gained considerable popularity during the Pandemic which has shot up the customer base by six times and also helped the company receive double revenue in the last year.

Go to Source
Author: anushsamal

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.