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Replying to Avatar 398ja

Revolut now requires you to provide the name of the recipient when sending bitcoin to an unhosted wallet.

They sent an email yesterday to announce the new rules, and at the same time blocked all withdrawals from the app. You had to upgrade to the latest version (deployed today) before being allowed to withdraw your sats.

I've just cancelled my daily and weekly recurring orders, and withdrawn the remaining 190,000 sats to Mr. Pika Chu's wallet.

The order has been pending for half an hour, maybe a human agent needs to review and approve?

How do they validate the authenticity of the information? What if I had entered your name?

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Bitter21 2y ago

That is not suprising at all and will happen to all KYC companies.

And I think that can help many Bitcoiners to finally understand what is important: P2P trade, circular economy, NoKYC, privacy, open source, self sovereignity!

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mrclownworld 2y ago

Circular economy can’t get here fast enough imo

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