I will introduce you in this post how to buy / sell crypto with the Revolut application.
Revolut is an application that issues physical cards and delivers them home.With it you can make transactions much easier.
Kraken is a trading platform that accepts deposit / withdrawal of fiat (deposit / withdrawal of cash).
So, a Kraken account is needed.
https://www.kraken.com/en-us/signup
This form will be carefully completed and your account will be created. To sell crypto we need to raise the limit of "Withdraw (fiat)".
Account verification is required with the following data:
-Full name
-Date of birth
-Country of Residence
-Valid Phone Number
-Home address
Ok! now we have the kraken account checked. We now need the Revolut application.
www.revolut.com - download the application here
After downloading the application, your account will be created and the physical card will be requested. The card arrives in 3-5 days via DHL.
In order to send money from Revolut to Kraken, you need to replenish your personal card account!
We go into the "top up" section and fill in the card details and the amount we will deposit in your Revolut account, then in the "Exchange" section we change RON in EURO. For storage on Kraken Euro is needed.
Ok! Now we have the EURO and we are preparing to send them to Kraken. At the bottom of the menu we find the "Payments" section and opens the following window:
Where do we hit "To bank account" and go on:
We add a new beneficiary -> then select "To a business" -> Select Country and Currency EURO. We have entered the data of Kraken. We go to Kraken, the finance section -> deposit -> EURO (EUR) and select "Fidor Bank AG (SEPA)"
Below we find the completion dates in Revolut
We just need:
-Company Name
-IBAN
-BIC
- Reference point. (It is very important to know Kraken in what account the money to depend)
The reference code is entered under the data in the box selected in the image below.
The transfer takes about 24 hours until we see the money in Kraken.
Sale of Crypto / withdraw fiat from Kraken in Revolut
We go to Kraken, the funding section -> withdraw -> EURO (EUR)
Put down the "Add account" below. Here we enter your Revolut account data. To find out the data we go into the application and go to the section shown in the picture below.
We select the EURO account and go to the "SWIFT" section where we will take the following data:
-Bank
-Beneficiary address
And in the "Local" section, note:
-Beneficiary
-IBAN
-BIC
We will introduce these data to the Kraken platform to withdraw the fiat.
The transfer takes about 24 hours until we see the money in Kraken, then with the physical card we can buy or even withdraw at the ATM.* Revolut is free up to 400Euro per month.
Vote up !!