Digital bank Revolut announced on Thursday the public beta launch of crypto withdrawals. According to Revolut, the new feature will provide customers with the option to transfer Bitcoin to their personal wallets outside of the Revolut platform.
“With the rollout of crypto withdrawals, Revolut customers will now be able to choose where to store their Bitcoin. Whether that’s on Revolut, or hot or cold storage, withdrawals have never been easier and customers have more freedom, flexibility, and control over their Bitcoin.”
Revolut further revealed to begin, it will give exclusive Beta access to UK Metal customers and they will be able to add three external addresses, as well as withdraw up to £500 a day and £1,000 a month. Revolut also has introduced two-factor authentication, so customers may be 100% sure every time. While sharing more details about the new feature, Nik Storonsky, Founder and CEO at Revolut, stated:
“Crypto withdrawals have been a heavily requested feature within Revolut’s crypto community and we’re delighted that we can begin the gradual process of rolling it out. Customers can lock down wherever they feel safest – whether it’s Revolut, into hot or cold storage, or to another exchange. This is just the start of a long list of new crypto features we plan to launch so we can offer customers one of the best crypto products on the market.”
The launch of the crypto withdrawals feature comes just days after Revolut announced it has updated its banking app to version 8.0. The platform revealed at the time the new version delivers a more simplified and customizable experience for its more than 15 million users. Ivan Vazhnov, Head of Android Engineering at Revolut, also reported that the latest app iteration gives users even more capabilities on a daily basis and allows them to interact with some of their favourite Revolut products like they have never done before.
“The new interface brings user experience to the next level thanks to a customisable and intuitive design. We have taken into account all the feedback that we have been receiving over the last few months to introduce a new design that really meets our clients’ needs and give them even more control over their finances.”