© StakingY 2024
Custodial staking (bank app)
1 July 2015
London, England, UK
Nikolay Storonsky (CEO), Vlad Yatsenko (CTO)
UK + EEA (AT, BE, BG, CY, CH, CZ, DE, DK, EE, ES, FI, FR, GR, HR, HU, IE, IS, IT, LI, LT, LV, LU, MT, NL, NO, PL, PT, RO, SE, SI, SK)
Feb 6, 2023
Cryptos may have warm-up and lock-up periods affecting rewards and unstaking. Your initial reward waiting time and expected unstaking period will be displayed.
Each crypto token has a different minimum staking amount, usually low for accessibility. The specific minimum will be displayed during staking.
Revolut serves as an excellent choice for individuals residing in the
United Kingdom or the European Economic Area (EEA) who are eager to delve into crypto staking.
Its user-friendly interface provides an easy entry point for beginners into the realm of cryptocurrency. However, one potential disadvantage of using Revolut for crypto staking is its lack of support for direct crypto transfers.
In other words, you are unable to transfer your existing crypto directly into Revolut for the purpose of staking. Instead, you must first purchase the desired cryptocurrency on Revolut's platform using your fiat currency.
Also, you can't use crypto staking if you are not located in supported countries. Despite these constraints, Revolut's simple and seamless crypto purchasing process can be seen as a positive aspect, particularly for those new to the world of cryptocurrency. This ensures that newcomers can confidently participate in crypto staking without needing to navigate the complexities of external crypto transfers.
