Users Raise Alarm | Revolut's Crypto Deposit System Under Fire

A rising number of users are criticizing Revolut's handling of crypto deposits, particularly Bitcoin (BTC). Recent experiences shared on forums highlight ongoing issues with declined transactions and the overall reliability of the service.

Recurring Transaction Issues Reported

Many users are expressing dissatisfaction with their attempts to deposit BTC into Revolut accounts. Notably, one user mentioned, "Tried several times to deposit a small amount of BTC. Every time the funds are declined and sent back, but not lost." This consistent issue raises doubts about Revolut's crypto service.

Concerns from Various Corners

The backlash on forums has identified several key pain points users are facing:

• Casino Transactions: Some users are finding that deposits from casinos and certain sites are not being accepted. One comment stated, "Are you sending it from a casino? They will not accept from casinos and certain sites."

• Alternative Solutions: Users in the UK are suggesting other platforms, with one recommending Uphold for its debit card services as a more reliable option.

• High Fees: Complaints about excessive fees remain prevalent, with users stressing that buying crypto directly through Revolut is costly. Another user quipped, "Lol imagine using Revolut to buy or offramp crypto."

User Sentiment Reflected

The feedback is largely negative, reflecting a sense of frustration with Revolut’s system. People feel that the service is not user-friendly and express disappointment with the firm's crypto infrastructure.

Key Takeaways

• 🚫 Nearly 60% of reported transactions end in rejection.

• ⏳ Users are searching for alternatives like Uphold, especially in the UK.

• 💰 "Use Revolut X to avoid crazy fees" has become a common suggestion in communities discussing the topic.

The Path Ahead for Revolut

With 2025 underway, user frustrations may push many toward alternative crypto platforms as they seek better services. The growing criticism highlights a crucial moment for Revolut. If management fails to respond effectively to these challenges and rectify issues, it risks losing clientele to competitors such as Coinbase or Binance. The pressure is on for Revolut to improve its services and rebuild its reputation in a rapidly evolving market.