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 😉

Discussion
Thanks for testing <3
I think it's available some time already, but if I'm paying premium for btc I'm going NO KYC way
Thanks for sharing my man. Nice to know that its there I guess and the trend of bank adoption is arguably good for bitcoin
What do you think about https://www.xapobank.com? They are regulated bank in Gibraltar and even support bitcoin lightning.
There is https://www.xapobank.com bank too that have bitcoin support. They even support lightning.
Thanx for letting me know. Xapo is not a bank within the EU and works with swift. For direct transfers revolut is under integrity check status with the Dutch central bank and works with local card payments and online payments Ideal. This is not the case for xapo unfortunately. https://www.dnb.nl/openbaar-register/registerdetailpagina/?registerCode=WFTKF&relationNumber=R183723
Hum, I think Xapo works within the EU. See this news: https://thedigitalbanker.com/xapo-bank-launches-euro-payment-rails-expanding-integrated-offering-for-crypto-and-retail-banking/