Revolut Crypto Wallet vs Binance: Cryptocurrency trading has surged in popularity, with platforms like Revolut and Binance UK offering users easy access to digital assets. However, choosing the right platform depends on several factors, including fees, security, supported coins, and ease of use.
In this 6,500+ word guide, we’ll compare Revolut’s crypto wallet and Binance UK’s fee structure in detail, helping you decide which platform suits your trading needs.
Overview of Revolut Crypto Wallet
How Revolut Crypto Works
Revolut is primarily a digital banking app that offers cryptocurrency trading as an added feature. Unlike traditional exchanges, Revolut acts as a custodial wallet, meaning you don’t own the private keys.
- No external wallet transfers (cannot send crypto to other wallets)
- Limited trading functionality (no stop-loss, limit orders, etc.)
- Integrated with banking services (easy GBP deposits)
Supported Cryptocurrencies
Revolut supports 100+ cryptocurrencies, including:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- XRP (Ripple)
- Cardano (ADA)
- Solana (SOL)
However, you cannot transfer these coins outside Revolut.
Security Features
- Two-factor authentication (2FA)
- Custodial storage (Revolut holds your keys)
- No direct blockchain access
Pros & Cons of Revolut Crypto
✅ Pros:
✔ Easy to use for beginners
✔ No separate exchange account needed
✔ Integrated with banking services
❌ Cons:
✖ High fees (up to 2.5% markup)
✖ No self-custody (not your keys, not your crypto)
✖ Limited trading features
Overview of Binance UK
Binance UK’s Regulatory Compliance
Binance UK operates under FCA regulations but with restrictions:
- No derivatives trading (futures, options)
- Mandatory KYC (identity verification required)
Supported Cryptocurrencies
Binance UK supports 350+ cryptocurrencies, including:
- Bitcoin (BTC), Ethereum (ETH)
- BNB (Binance Coin)
- DeFi tokens (UNI, AAVE)
- Meme coins (DOGE, SHIB)
Trading Features
- Spot trading (low fees)
- P2P trading (zero fees for GBP deposits)
- Staking & Earn programs (up to 10% APY)
Pros & Cons of Binance UK
✅ Pros:
✔ Low trading fees (0.1% spot trading)
✔ Wide range of altcoins
✔ Advanced trading tools
❌ Cons:
✖ FCA restrictions (no derivatives)
✖ Past regulatory scrutiny
✖ Slightly complex for beginners
Fee Comparison: Revolut vs Binance UK
Trading Fees
| Platform | Trading Fee | Additional Markup |
|---|---|---|
| Revolut | 1.49% – 2.5% | Yes (spread markup) |
| Binance UK | 0.1% (spot) | No hidden spread |
- Revolut charges 1.49% (Standard) to 2.5% (Metal plan) per trade.
- Binance UK charges 0.1% for spot trading (can be reduced with BNB discounts).
Deposit & Withdrawal Fees
| Method | Revolut | Binance UK |
|---|---|---|
| Bank Transfer | Free | Free |
| Debit Card | 2.5% fee | 1.8% fee |
| Crypto Withdrawal | Not allowed | Variable (e.g., 0.0005 BTC) |
Hidden Costs
- Revolut’s spread markup can add 1-2% extra cost per trade.
- Binance’s withdrawal fees vary by coin (e.g., ETH withdrawal = 0.0015 ETH).
Winner: Binance UK has far lower fees for active traders.
Security & Regulation
Revolut’s Custodial Approach
- Not a true crypto wallet (cannot withdraw coins)
- FCA-registered but not ideal for long-term holders
Binance UK’s Security Measures
- Secure Asset Fund for Users (SAFU) (insurance fund)
- Two-factor authentication (2FA)
- Withdrawal whitelisting
Winner: Binance UK offers better security for self-custody.
User Experience & Accessibility
- Revolut is simpler for casual users.
- Binance UK offers more tools (charts, API, bots).
Final Verdict: Which Should You Choose?
Choose Revolut If:
✔ You want a simple, all-in-one banking & crypto app.
✔ You don’t need to withdraw crypto to external wallets.
Choose Binance UK If:
✔ You want lower fees and more coins.
✔ You need advanced trading features.
Conclusion
While Revolut offers convenience, Binance UK is the clear winner for low fees, better trading options, and self-custody. However, beginners may prefer Revolut’s simplicity.
Which platform do you prefer? Let us know in the comments!