10k stablecoin topup to revolut gets it insta frozen - wow so crypto friendly

[OKboomer]

KYCed account, own wallet, topped up with 10k in stablecoins to test how it works

Instant seizure of funds, hours spent with support and compliance monkeys asking for "account statement with personal name" of outgoing wallet clearly treating wallets like bank accounts

Can't even outsource talking to them to my PA, as they require live photo ID on login.

Nothing solved after hours, said it has been escalated and waiting time to hear from them is 1 week

Just avoid Revolut with crypto, same crap as banks.
You will waste time trying to get your money back ...

 

[BlackVault]

Good luck receiving crypto in your Revolut wallet...

The best combination is Kraken + Revolut,you won’t have any issues at all.

 

[Martin Everson]

Hopefully issue gets resolved soon. Keep us posted.

 

[LegitBananas]

i dont know any major financial institution worse than revolut

 

[ilke]

i dont know any major financial institution worse than revolut

Wise

 

[BlackVault]

Wise

True xD

 

[Martin Everson]

KYCed account, own wallet, topped up with 10k in stablecoins to test how it works

Instant seizure of funds, hours spent with support and compliance monkeys asking for "account statement with personal name" of outgoing wallet clearly treating wallets like bank accounts

Can't even outsource talking to them to my PA, as they require live photo ID on login.

Nothing solved after hours, said it has been escalated and waiting time to hear from them is 1 week

Hopefully your not from Hungary...see below thread .

Thread 'Hungary Cracks Down on Crypto as Revolut Freezes User Accounts'

Wednesday at 13:02

Hungary Cracks Down on Crypto as Revolut Freezes User Accounts​

https://coincentral.com/hungary-cracks-down-on-crypto-as-revolut-freezes-user-accounts/

----- quote start

Hungary has criminalized unlicensed crypto activity, prompting Revolut to suspend all cryptocurrency services for its Hungarian customers. The neobank froze users’ crypto holdings without notice on July 7, responding to sweeping legislative changes. This action marks a sharp escalation in Hungary’s stance on crypto regulation, placing Revolut at the center of the fallout.

Revolut Blocks Access to...​

• Martin Everson
• Replies: 5
• Forum: BitCoin, AltCoins - CryptoCurrency

• 
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[JozefMrkvicka]

i dont know any major financial institution worse than revolut

N26!

 

[OKboomer]

Hopefully your not from Hungary...see below thread .

Not a citizen/resident of Hungary

 

[chermo]

Good luck receiving crypto in your Revolut wallet...

The best combination is Kraken + Revolut,you won’t have any issues at all.

You mean withdraw from Kraken to Revolut? in crypto or in cash.

 

[aniglo22]

i dont know any major financial institution worse than revolut

Fidor Bank

 

[Aetherial]

N26!

Honestly haven't had any bad experiences with them at all. Maybe I'm lucky. But considering they're a real bank I assume they're somewhat better than Wise/Revolut

 

[alley]

KYCed account, own wallet, topped up with 10k in stablecoins to test how it works

Instant seizure of funds, hours spent with support and compliance monkeys asking for "account statement with personal name" of outgoing wallet clearly treating wallets like bank accounts

Can't even outsource talking to them to my PA, as they require live photo ID on login.

Nothing solved after hours, said it has been escalated and waiting time to hear from them is 1 week

Just avoid Revolut with crypto, same crap as banks.
You will waste time trying to get your money back ...

That sucks, I avoid Revolut at all costs, never used them for anything crypto related and only for small amounts else.