KuCoin and Revolut Forge Alliance for Instant Euro-to-Crypto Transactions

KuCoin has teamed up with Revolut to introduce a new method for purchasing digital assets using euros. This collaboration enables users to directly acquire various cryptocurrencies listed on the cryptocurrency exchange through Revolut Pay.

According to the press release, KuCoin's collaboration with Revolut aims to simplify the process of acquiring cryptocurrencies for European users. Revolut Pay allows users to convert euros to a variety of supported cryptocurrencies. This partnership addresses the growing demand for easy access to digital assets, especially amidst the ongoing surge in the value of Bitcoin.

Euro-to-Crypto Purchases

Revolut Pay allows users to complete transactions directly from their Revolut personal accounts. By clicking on the 'Revolut Pay' button and confirming the payment, users can initiate cryptocurrency purchases without intermediaries.

To celebrate the partnership, KuCoin, and Revolut are offering an exclusive promotion for the first 2,000 orders. Users who take advantage of this offer will enjoy 0% transaction fees (cash back) and have the opportunity to share a bonus prize worth $5,000.

Users can begin purchasing cryptocurrencies with Revolut Pay on KuCoin by completing the standard identity verification process. Once verified, they can navigate to the 'Buy Crypto' section, select 'Fast Trade,' choose the 'Fiat/Crypto' option, and then proceed to 'Revolut Pay' for payment confirmation.

Revolut Expands Offerings

Recently, Revolut launched its mobile wallets in Singapore to enable users to transfer money directly to Bangladesh and Kenya. These mobile wallets eliminate the need for traditional bank account details, such as IBANs or SWIFT codes.

Instead, users can initiate transfers using only the recipient’s name and contact information, such as their phone number or email address. Revolut's Standard accounts allow users to incur a fee of 0.4%, while Premium accounts incur 0.2%.

According to the press release, Revolut aims to enable users to easily navigate and access cross-border money transfer services. The introduction of mobile wallets aims to simplify the transfer process and to offer an alternative to traditional international cash transfers, particularly in countries like Bangladesh and Kenya, Finance Magnates reported.

Last year, KuCoin experienced substantial growth in 2023, with a surge in user base to over 31 million and a double-digit growth in spot trading volume compared to the previous year. The exchange’s spot trading volume soared an impressive 106%.