Isn’t there a danger your bank could lock your account when they see a transfer to a crypto exchange? To protect against “fraud” and “money laundering” of course. They wouldn’t do it to punish you for a lack of faith in fiat would they?
Anyway if you use Revolut instead they can’t tell whether your buying crypto, metal, shares or just groceries.
Isn’t there a danger your bank could lock your account when they see a transfer to a crypto exchange? To protect against “fraud” and “money laundering” of course. They wouldn’t do it to punish you for a lack of faith in fiat would they?
Anyway if you use Revolut instead they can’t tell whether your buying crypto, metal, shares or just groceries.
Interesting. I had no difficulties with my Lloyds current account. I've never used Revolut but everyone tells me it's an excellent service.
I think the biggest risk for Crypto currency investors is an authoritarian government simply banning it because it's a threat to their fiat currency monopoly and their ability to borrow to fund themselves. However, the more governments and corporate treasuries invest in Crypto the less likely this becomes.
My suggestion is use it for investing or use it for spending but not both. You don’t want to be in a situation where a scammer gets your card details and uses it to drain your hard earned savings. Theoretically Revolut would make you whole, (if you trust them to), but who needs the Aggravation and stress.
Isn’t there a danger your bank could lock your account when they see a transfer to a crypto exchange? To protect against “fraud” and “money laundering” of course. They wouldn’t do it to punish you for a lack of faith in fiat would they?
Anyway if you use Revolut instead they can’t tell whether your buying crypto, metal, shares or just groceries.
I've known people to whom that has happened.
Interesting. I had no difficulties with my Lloyds current account. I've never used Revolut but everyone tells me it's an excellent service.
I think the biggest risk for Crypto currency investors is an authoritarian government simply banning it because it's a threat to their fiat currency monopoly and their ability to borrow to fund themselves. However, the more governments and corporate treasuries invest in Crypto the less likely this becomes.
I've used Revolut and it works. I just don't trust Revolut!
My suggestion is use it for investing or use it for spending but not both. You don’t want to be in a situation where a scammer gets your card details and uses it to drain your hard earned savings. Theoretically Revolut would make you whole, (if you trust them to), but who needs the Aggravation and stress.
good advice