Why is it essential to choose the right platform?
In the age of rapid digitalization, more and more people are investing in cryptocurrencies. They are not only an exciting way to increase the value of your wealth, but also an option to make fast and secure transactions. Each trading platform has its own features, and choosing the right one can greatly influence the user experience. So let’s explore two popular options: Revolut vs Abarai.
Abarai vs Revolut: Which should I use
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What is Abarai?
Abarai is a non-custodial platform that allows users to easily buy, sell and manage cryptocurrencies. Unlike other platforms, Abarai gives users full control over their funds. For example, users can access and control their cryptocurrencies without relying on a third party. This means a more straightforward and secure experience.
Abarai’s services are diverse and encompass just about all the necessary operations that an investor can perform. The platform offers the possibility to buy or sell bitcoin through numerous payment means (credit/debit card, Paypall, Netteller, Skrill, bank transfer, etc…) but also a very wide variety of currencies for those who hold euros (EUR) , dollars (USD), pounds sterling (GBP), Swiss francs (CHF).
What is Revolut?
Revolut is a financial app that includes functionality such as international payments, currency exchange and cryptocurrency management. However, Revolut differentiates itself by its custodial nature. Users do not directly own their cryptocurrencies, which are managed by the company. This user experience can be inconvenient, especially in situations where users want to make quick transactions.
The differences between Abarai and Revolut for buying cryptocurrencies
Analyzing the two platforms highlights some key differences that may influence users’ choice:
Platform type: Abarai is non-custodial, offering full control over cryptocurrencies. Revolut, as a custodial platform, manages user funds, which can bring additional risks.
Fees: Abarai imposes lower fees compared to Revolut, especially for small amounts. For example, Abarai users can save up to 2% in costs compared to similar transactions on Revolut.
Functionality: On Abarai, users can carry out transactions instantly without waiting for additional approvals, whereas Revolut can impose restrictions on certain transactions.
Advantages of using Abarai
Using Abarai comes with distinct advantages that can attract users:
Simplicity: the platform has a user-friendly, easy-to-use interface that allows users to make transactions quickly. For example, a new user [e Abarai can buy cryptocurrencies in less than 10 minutes whereas using Revolut the first time the process takes much longer.
Full control: Users hold the private key, ensuring that their funds are under their exclusive control. This means they don’t risk losing access due to third-party restrictions.
Accessibility: Transactions can be made directly, without third party approval. This allows users to react quickly to market changes.
Abarai’s user-friendly platform interface
Commissions and trading limits
The commission structure is a vital aspect to consider. Abarai proves to be a more economical choice, especially for small amounts, and is ideal for users who make frequent or small transactions. In case you want to send bitcoin to someone or want to store bitcoin on your own wallet, then Abarai is the best solution.If you don’t know how to make a bitcoin wallet, we recommend you to read the article “How to make a bitcoin wallet?“
Security and control
Security is crucial in cryptocurrency transactions. Abarai enjoys a significant advantage due to its non-custodial model, ensuring that only users have access to their private keys. This minimizes the risks associated with cyber attacks. In contrast, Revolut, as a custodial platform, can expose users to certain risks because their data and funds are centrally managed.
Good cryptocurrency management also involves choosing a very good wallet. Our partners at Ledger offer very good cryptocurrency storage products. We highly recommend their services and in case you have questions about how to set up a cryptocurrency wallet, we look forward to your questions.
Final decision on platform choice
Ultimately, the choice between Abarai and Revolut depends on the needs of each user. If you’re interested in a platform that offers ease of use, low fees and full control over your cryptocurrency, then Abarai is the ideal option. The Romanian platform offers a better experience without unnecessary constraints and with numerous benefits. Abarai is truly an excellent choice for anyone who wants to invest in cryptocurrencies in a simple and efficient way.