Revolut introduced its first physical crypto card. The card supports payments at any location that accepts Visa and Mastercard and is available to users in the U.K. and most countries within the European Economic Area.
FinTech company Revolut announced the launch of a physical crypto card that allows users to pay for purchases using crypto-assets with automatic conversion at the exchange rate at the moment of the transaction.
According to the company’s website, the card offers zero exchange fees, although service conditions depend on the user’s subscription plan and may include additional charges. Revolut supports more than 300 crypto-assets for trading and storage within the app, while over 180 tokens are available directly for purchases through the crypto card. These include stablecoins such as USDT and USDC, along with many other popular digital assets, including:
- BTC;
- ETH;
- SOL;
- XRP;
- LTC;
- ADA;
- DOT;
- DOGE;
- SHIB, etc.
Users can link the card either to a specific crypto-asset or to their entire crypto portfolio. In the latter case, the system automatically deducts funds from the asset with the highest balance. Crypto-to-fiat conversion happens in real time at the moment of payment without requiring users to sell tokens beforehand.
The physical card operates on the Visa and Mastercard networks, supports Apple Pay and Google Pay, and also allows cash withdrawals from ATMs. The ATM withdrawal limit is up to £3,000 per day, while the maximum amount for a single purchase is up to £100,000.
Among the standout features of the Revolut crypto card are an LED indicator that lights up during payments and a unique design inspired by Dogecoin.
During the initial rollout phase, the card is available only in the U.K. and countries within the European Economic Area, excluding Hungary, Switzerland, and Portugal. The company noted that initial card supply volumes may be limited.
Alongside the product launch, the Revolut team also issued an expanded warning regarding the risks of investing in cryptocurrency assets. The company reminded users that cryptocurrencies remain a high-risk asset class and that users may lose all invested funds due to high volatility, cyberattacks, financial crime, or service provider bankruptcies.
Revolut also emphasized that crypto payments may be treated as the disposal of digital assets and could potentially create tax obligations for users. The company advised customers to consult professional tax advisors depending on their jurisdiction.
The Revolut notice also states that crypto-assets aren’t covered by the U.K.’s FSCS compensation scheme, while the FOS ombudsman service doesn’t compensate losses related to unsuccessful investments. Users were additionally reminded about risks associated with liquidity, technological failures, and possible restrictions on selling or withdrawing crypto-assets.
Recently, users of Trust Wallet in EEA countries gained the ability to purchase crypto directly through Revolut with instant top-ups and zero fees. Moreover, since 2024, Revolut has served as a payment provider for the hardware crypto wallet Ledger.
