Ledger Live Teams Up with Revolut to Make Crypto More Accessible
In a big move to make cryptocurrencies easier to access, Revolut has partnered with Ledger Live. This new integration will allow users in certain European countries to buy cryptocurrencies directly through the Ledger Live app. This is part of a larger effort to make crypto more accessible to everyone, especially in the European Economic Area (EEA).
What is Ledger Live and How Does it Work?
Ledger Live is a software that helps people manage their cryptocurrencies. It allows users to track their crypto portfolio, see how their assets are doing, and now, thanks to the partnership with Revolut, users can also buy cryptocurrencies directly through the app. This integration makes it much easier for people in Europe to get involved in crypto without needing to use multiple apps or go through complicated steps.
How Revolut is Making Crypto Purchases Easier
Revolut is a digital fintech app that has been making waves in the financial world. It started as an app that let people send and receive money easily, but now it’s much more than that. With this new integration with Ledger Live, Revolut is making it even easier for people to buy cryptocurrencies.
If you are an existing Revolut customer and have already completed the Know Your Customer (KYC) verification, you won’t need to go through another verification process to buy crypto. This means you can start buying crypto right away. New users can also complete the KYC process quickly using Visa or Mastercard, making the process smooth and user-friendly.
Why This Partnership Matters for Crypto Users
This partnership is a significant step forward for the crypto community. Before this integration, buying cryptocurrencies could be a bit of a hassle, especially for people new to the crypto world. You would need to use multiple platforms, complete various verification processes, and deal with complicated steps to secure your assets. But now, with Revolut and Ledger Live working together, the process is much more straightforward.
Emil Urmanshin, Revolut’s general manager of crypto, said this collaboration is the “next step in our mission to help people onboard to web3.” This means that Revolut is focused on making it easier for people to join the world of decentralized internet, known as web3, where cryptocurrencies play a big role.
Revolut’s Growing Role in the Crypto World
Revolut has been steadily expanding its presence in the crypto space. The company has a valuation of $25.7 billion as of April and offers services to 30 million customers worldwide. Revolut has been thinking about getting more involved in crypto since 2021 when it started looking for someone to lead its crypto exchange project. Now, that idea has become a reality with Revolut X.
What is Revolut X?
Revolut X is a new crypto exchange platform that Revolut has been rolling out in phases. Unlike traditional exchanges, Revolut X has been made available first to professional traders. This cautious approach helps ensure that the platform is ready and secure before it’s opened up to everyone.
Revolut X allows users to switch between fiat (regular money) and cryptocurrencies with zero fees for makers and a small fee of 0.09% for takers. This makes it an attractive option for serious traders who want to minimize their costs.
Features of Revolut X
Revolut X isn’t just about buying and selling crypto. The platform is designed to meet the needs of experienced traders by offering advanced features like real-time trading and advanced analytics. Users can access technical indicators, TradingView chart integration, and market monitoring tools, making it easier to make informed trading decisions.
Security is also a top priority for Revolut X. Most funds are stored in cold storage, which means they are kept offline to protect them from hackers. Additionally, Revolut offers 24/7 customer support to help users with any issues they might encounter.
How Ledger Live and Revolut X Work Together
The partnership between Ledger Live and Revolut makes it easier for users to manage their crypto assets. With Ledger Live, users can track their portfolios and buy cryptocurrencies through Revolut’s seamless integration. This means you can see all your assets in one place, make transactions easily, and rest assured that your funds are secure.
For professional traders using Revolut X, the integration with Ledger Live offers even more convenience. You can switch between fiat and crypto, track your trades, and store your assets securely, all within the same ecosystem.
Why European Users Benefit the Most
This integration is particularly beneficial for users in the European Economic Area (EEA). Europe has been a growing hub for cryptocurrency adoption, and with Revolut and Ledger Live working together, it’s now easier than ever for people in this region to get involved in crypto.
By allowing users to buy crypto directly through Ledger Live without needing multiple apps or verification processes, Revolut is making crypto more accessible to a wider audience. This is especially important in Europe, where regulations and security concerns can sometimes make it difficult for people to get started with crypto.
The Future of Crypto with Revolut and Ledger Live
As Revolut continues to expand its crypto services, it’s clear that the company is committed to making cryptocurrencies more accessible to everyone. The integration with Ledger Live is just one of many steps Revolut is taking to achieve this goal.
With the launch of Revolut X and its focus on professional traders, Revolut is positioning itself as a major player in the crypto world. The company’s emphasis on security, ease of use, and advanced trading features makes it a strong contender in the growing cryptocurrency market.
How to Get Started with Ledger Live and Revolut
If you’re interested in getting started with cryptocurrencies, using Ledger Live and Revolut is a great way to begin. Here’s how you can get started:
- Download the Ledger Live App: First, you’ll need to download the Ledger Live app. This is available on both iOS and Android devices.
- Create a Revolut Account: If you don’t already have a Revolut account, you’ll need to create one. The process is simple and only takes a few minutes.
- Complete KYC Verification: If you’re a new user, you’ll need to complete the KYC verification process. This is required to ensure that you’re eligible to buy and trade cryptocurrencies.
- Link Your Revolut Account to Ledger Live: Once you’ve completed the KYC process, you can link your Revolut account to the Ledger Live app. This will allow you to start buying cryptocurrencies directly through the app.
- Start Buying Crypto: With your accounts linked, you can now start buying cryptocurrencies. You can choose from over 50 different tokens and track your portfolio within the Ledger Live app.
The Benefits of Using Ledger Live and Revolut Together
Using Ledger Live and Revolut together offers several benefits:
- Seamless Integration: The integration between Ledger Live and Revolut means you can manage your crypto assets more easily without needing multiple apps.
- Security: Both Revolut and Ledger Live prioritize security, with features like cold storage and secure transaction processes.
- Ease of Use: The user-friendly interface makes it easy for both beginners and experienced traders to navigate the world of crypto.
- Advanced Trading Tools: For professional traders, Revolut X offers advanced features that help you make more informed decisions.
- Wide Range of Cryptocurrencies: With access to over 50 tokens, you have plenty of options to diversify your portfolio.
The partnership between Ledger Live and Revolut is a significant step forward in making cryptocurrencies more accessible to people in Europe. With the ability to buy crypto directly through Ledger Live, users can now manage their assets more easily and securely. Revolut’s continued expansion into the crypto space with the launch of Revolut X shows that the company is committed to making crypto trading easier and more secure for everyone. Whether you’re new to crypto or an experienced trader, the combination of Ledger Live and Revolut offers a comprehensive solution for managing your digital assets.
