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Replying to Avatar Bert

The first bank in Europe implemented bitcoin withdrawals and deposits. I tested a full cycle of depositing €100,- buying bitcoin, withdrawing it to bluewallet and sending it back to Revolut. Buying bitcoin at Revolut is rather costly, they charge 1,5% and there is a tiny 0.x% spread in comparison with some exchanges. The withdrawal cost is excessive though: €3,95. As you can see in the screenshot they charge a ridiculous fee. Also I had to wait 23 minutes before the transaction was send to the mempool. Revolut clearly overpaid to get their transactions through in the next block. Apparently they haven’t heard of RBF. For the return I paid 6 sats/vb instead of the 13 that revolut paid… conclusion: for a full kyc experience this is far too expensive and slow. Revolut apparently is not yet up to speed with #bitcoin. The question is, when lightning? Lost 28,5k sats for this test. You can thank me by zapping me 😉

be
Deleted Account 2y ago

I think it's available some time already, but if I'm paying premium for btc I'm going NO KYC way

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