Revolut is one of the world’s most popular financial apps, known for its versatility in managing payments, savings and investments. On the crypto side, Revolut allows users to buy, sell and transfer cryptocurrencies with ease. Revolut’s services include:
- Access to transaction history: You have access to transaction history and important data about every crypto transaction made.
- Revolut crypto cash withdrawal: The ability to send your cryptocurrency holdings to external wallets.
Another very popular exchange platform is Abarai, a crypto exchange that stands out for its unique features and the advantages it offers to users, especially those in Romania. The benefits of the Abarai platform include:
- Simple and intuitive interface: the platform is designed to be easy to use, even for beginners.
- Wide variety of cryptocurrencies: Access to over 1039 cryptocurrencies.
- Flexible trading: Ability to trade any amount of cryptocurrency at the best rates.
- Multiple payment methods: Accepts various payment methods, facilitating simple cryptocurrency purchase for any investor.
- Fast and unrestricted swap service: For swap transactions you enjoy complete anonymity and fast transactions.
- Full control over funds: Being a non-custodial platform, users have full control over their cryptocurrencies.
- Support in Romanian: Abarai is the only platform in the country that offers customer support in Romanian
In this article, we will tackle the topic of crypto money withdrawal Revolut versus Abarai, from an investor’s perspective, to give a clear picture of the advantages and disadvantages of each platform.
Crypto withdrawal Abarai
When investing in cryptocurrency, keeping it in a safe place is essential. An external wallet of your own provides total control over your funds, reducing the risk of unauthorized access or losses due to unwanted incidents on online platforms. In the following, you will learn how to withdraw cryptocurrencies using the Abarai platform to safely store them in an external wallet.
Why choose Abarai to manage your cryptocurrencies?
Abarai is a simple, fast and secure platform for purchasing and managing cryptocurrencies. Here’s why it stands out:
- No account or complicated procedures for amounts under 5000 lei – You trade without the need to create an account, only needing to provide your billing details.
- Multiple currency compatibility – Accept over 45 currencies for transactions.
- Total security and control – Your funds remain 100% under your control, they cannot be hacked or blocked.
Now that you’ve familiarized yourself with the benefits of Abarai, let’s move on to the steps for withdrawing cryptocurrency.
What is an external wallet and why is it worth using it?
An external wallet is a device or app used to store cryptocurrency outside of an exchange platform. Advantages include:
- Full control of funds – You are the only one who owns the private keys.
- Protection against online vulnerabilities – Reduced risk of hacking or blocking of funds by third-party platforms.
- Flexibility – You can store multiple types of digital currencies.
Some of the most popular types of external wallets include hardware wallets (e.g. Ledger, Trezor) and software applications (e.g. Trust Wallet, Exodus).
If you want to learn more, we recommend you read our article on digital wallets: “Cryptocurrency wallet: Ledger, the perfect solution for investors”
Simple steps to withdraw crypto money to an external wallet through Abarai
Withdrawing your cryptocurrency using the Abarai exchange platform is a simple and user-friendly process for beginner users. Follow the steps below:
- Set up an external wallet
- Choose an external wallet (hardware or software) that suits your preferences.
- Create a unique address for the cryptocurrency you wish to withdraw (e.g. Bitcoin or Ethereum address).
- Save the words “seed” and private key in a safe, offline location. Avoid saving this data on your phone or PC to prevent unauthorized access.
- Access your account on Abarai
- Access the Abarai website.
- Select the currency you want to transfer (e.g. Bitcoin, Ethereum, Litecoin).
- Enter the external wallet address
- In the destination address field, enter the address generated by your external wallet.
- Check the address carefully before proceeding. An incorrect address may result in permanent loss of funds.
- Complete payment
- Enter the amount you wish to withdraw and proceed with the transaction.
- Make the payment using the methods offered by Abarai (e.g. credit/debit cards, bank transfer, e-wallets).
- Abarai will process your payment within a few minutes and your cryptocurrency will be sent immediately to your external wallet address.
After a few minutes, check your wallet to make sure your cryptocurrency has been received. If you encounter any problems, the Abarai support team is always available for assistance.
Revolut crypto withdrawal
Withdrawing cryptocurrency from your Revolut account can be done with a few simple steps. Crypto withdrawals are done through an on-chain transaction, which implies that they are irreversible once confirmed.
Steps for withdrawing Revolut crypto money to an external wallet
- Open the Revolut app: From the bottom menu, select the “Cryptocurrencies” section.
- Choose the “Send” option: Select the cryptocurrency you want to transfer.
- Select an existing wallet or add a new one: Press “New” to enter a new wallet or choose an existing saved one.
- Enter the desired amount: Check the amount you want to transfer.
- Review details: Confirm the accuracy of the information (address, blockchain network details).
- Finalize the transfer: Press “Send” to complete the Revolut crypto money withdrawal process.
Please note: Always verify the recipient’s address. If you send funds to the wrong address or use an incompatible network, funds cannot be recovered.
Fees and limits
- You can check the limits and associated fees in the ‘Limits and fees’ section of the app.
- For large transactions, additional verification measures may apply.
Why can a Revolut crypto money withdrawal fail?
Although the process is straightforward, you may encounter problems. Here are the main reasons why a Revolut crypto cash withdrawal might fail:
Address revision
Wallet addresses are checked in several stages. If a wallet has been flagged as inappropriate from a security or regulatory perspective, future withdrawals to it will be blocked.
Location or account restrictions
If you are transacting from a location that is considered high risk or sanctioned, withdrawals may be blocked. Recent account changes or temporary restrictions could also prevent transfers.
Suspected fraudulent activity
For your safety, Revolut may validate transactions to prevent possible fraud. If a transaction is identified as potentially fraudulent, you’ll receive notifications or that Revolut cryptocurrency withdrawal action will be canceled automatically.
How do I add a wallet in the Revolut app to withdraw crypto?
Adding a new wallet to the Revolut app is quick and easy. Follow the steps below if you want to add a wallet to the Revolut app:
Steps to add a wallet in Revolut:
- Go to the “Cryptocurrency” section of the app.
- Tap “Send.”
- Select the desired cryptocurrency.
- Click “Add wallet address”.
- Fill in the details: If the wallet belongs to you, select the “My wallet” option. For wallets belonging to other people, you will enter the full name of the owner.
- Complete verification: You will need to complete a security verification via a code received on your phone.
The added wallet will be saved for future use. Depending on the type of wallet, you can add multiple compatible tokens.
Differences between Abarai and Revolut for crypto withdrawal
The cryptocurrency industry is constantly growing, and choosing the right platform can directly influence your user experience and investment success. We have seen so far that Romanian investors have at their disposal two popular platforms for crypto withdrawals: Revolut, an international financial app and Abarai, a Romanian non-custodial platform that stands out for its simplicity, accessibility and ultra competitive exchange rates.
Which to choose: Non-custodial vs custodial platform?
Abarai – Total control of your cryptocurrencies, without the risk of hacking or blocking funds
Abarai is a non-custodialplatform , which means users have complete control over their funds. Basically, the private keys needed to access cryptocurrencies are kept by the user, not the platform. The benefits of this approach include:
- High security – Only you have access to your funds.Even if the platform were hacked, you wouldn’t lose anything.
- Absolute freedom – There is no risk of a third party or government authority blocking your access to funds.
- Maximum flexibility – You have the ability to make transactions quickly, with no middlemen or additional approvals.
Revolut – Accessible, but with Limitations
Revolut operates as a custodialplatform , which means that users’ funds are managed by the company.What this means:
- You lose totalcontrol over your cryptocurrency.
- Additional restrictions – Sometimes transactions can be blocked or delayed.
- Dependency on the company to manage all your funds.
Fees and costs – Where do you save more?
Choosing a platform with competitive fees is essential, especially for users who trade frequently or in small amounts.
Lower fees on Abarai
One of the main advantages of the Abarai platform is its low fees, which allow for considerable savings, especially on low-value transactions:
- Savings of up to 2% compared to Revolut.
For example, a simple cryptocurrency transaction through Abarai will generate much lower costs than doing the same transaction through Revolut. That’s why the platform is ideal for users who make a lot of low to medium-value transactions.
Higher fees on Revolut
Why pay more? Revolut includes additional fees that can increase costs, especially when it comes to small transactions. For users who make frequent transactions, these fees can become a burden as they reduce your profit margin. Abarai gives you full transparency: the commission is visible from the start and the transaction is completed as agreed, with no hidden fees.
Functionality – Speed and Efficiency
Another important criterion is the speed and ease with which you can transact.
Simplicity of transactions on Abarai
Abarai emphasizes fast and straightforward transactions. Users can make cryptocurrency purchases within minutes without having to wait for additional approvals or confirmations. The simplicity of this experience enables:
- Complete transactions in less than 5 minutes.
- The ability to react quickly to market fluctuations.
Possible restrictions on Revolut
Revolut users may experience restrictions and delays in certain situations. For large or repeat transactions, additional checks are required, which may delay access to funds. In emergency situations, this delay can be problematic.
Why is Abarai a better choice for investors?
Abarai is a complex platform that combines simplicity, security and accessibility, making it ideal for any investor. Here are four reasons why Abarai is worth choosing:
Low transaction time unlike Revolut
One of the most important benefits of the Abarai platform is its simplicity of use and low transaction times. The intuitive interface allows even a new user to complete transactions in just a few minutes. For example, a user who wants to buy cryptocurrencies for the first time can complete the process in less than 5 minutes, compared to other platforms, such as Revolut, where the initial process can be much longer and complicated.
Abarai removes unnecessary barriers and simplifies the process so that you can focus on what really matters – taking advantage of the opportunities offered by the cryptocurrency market.
Full control and enhanced security
Abarai is a non-custodial exchange, which means that you are the sole owner of the private key and the funds remain solely under your control. Unlike custodial platforms such as Revolut, the risk of losing access to cryptocurrency due to third-party restrictions is completely eliminated. This is a key benefit offered by the Abarai platform to users who want a hassle-free experience, knowing that only they can access and manage their own funds.
No Additional Approvals and Documentation
Another major advantage of the Abarai platform is its high accessibility. Unlike other platforms that require additional approvals or documentation, on Abarai you can transact directly on Abarai without waiting for third party approval. Basically, with an internet connection, you can buy or sell cryptocurrencies quickly and efficiently, no matter where you are. For amounts less than 5000 Ron you don’t need to make an account or register, just provide your billing details.
Lower fees than when withdrawing Revolut crypto money
Logistical costs and transaction fees can be a deterrent on other platforms, but not on Abarai. Implementing low fees makes Abarai a great choice for any investor. As we pointed out earlier, users can save up to 2% on costs compared to Revolut, which adds value and financial efficiency. The fee structure is flexible and designed to suit the needs of users, whether they are occasional traders or active investors.
Conclusion
In the end, we hope this article has presented you with all the information you need to help you make an informed decision about withdrawing crypto money. On Abarai’s blog you can find a number of useful educational resources about cryptocurrencies and blockchain technology, which provide valuable information for both beginners and experienced investors. We invite you to read through these resources to familiarize yourself with the essentials of the crypto market and make informed decisions regarding your investments.
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