Revolut Partners with Binance’s Trust Wallet for Zero-Fee Crypto Purchases in Europe
Revolut’s integration with Trust Wallet allows EEA users to buy major cryptocurrencies directly into self-custody wallets, with zero-fee options under MiCA’s regulatory framework.
According to an official announcement, Revolut has integrated with Binance-owned Trust Wallet to enable European Economic Area users to purchase Bitcoin, Ether, Solana, USDC, and USDT directly into self-custody wallets. Supported payment methods include RevolutPay, debit and credit cards, and bank transfers, with zero-fee options available under certain conditions. This initiative, compliant with MiCA regulations, grants users immediate control of assets without relying on centralized exchanges. Revolut, valued at $75 billion, holds a MiCA license from Cyprus and reported $4 billion in revenue and $1.4 billion pre-tax profit for 2024, alongside global banking expansion in Mexico and Colombia.
- Self-custody wallet: A cryptocurrency wallet where users have full control of their private keys, without relying on third-party custodians.
- USDC: A U.S. dollar-pegged stablecoin issued by Circle, designed to maintain a 1:1 value with USD.
- USDT: Tether, a widely used stablecoin pegged to the U.S. dollar, known for its broad adoption in crypto trading.