Trust Wallet’s “zero-fee” crypto purchases through Revolut don’t appear until weeks after the fintech unicorn’s private share offering, which gave it a value of $75 billion. Trust Wallet is a self-custodial crypto wallet owned by Binance co-founder Changpeng “CZ” Zhao. It has teamed up with Revolut, a European fintech startup and digital banking powerhouse, to offer a new option to buy crypto assets on its platform.
The business said on Thursday that Trust Wallet users can now buy Bitcoin (BTC$89,757), Ether (ETH$3,178), and Solana (SOL$131.08) directly through Revolut.
Trust Wallet’s new buy option is expected to make it easier and faster to get crypto from Europe. The minimum purchase amount is 10 euros ($12), and the maximum amount is 23,000 euros ($26,950) per day and per transaction.
Source: Trust Wallet
Revolut cleared by Cyprus regulator under EU MiCA rules
The Cyprus Securities and Exchange Commission gave Revolut the green light in October to sell crypto services in 30 European Economic Area markets. This was done in accordance with the European Union’s Markets in Crypto-Assets Regulation (MiCA) framework.
For now, stablecoins like USDC are not supported.
At now, the integration will only support three cryptocurrencies, but the businesses say they plan to add stablecoins like Circle’s USDC USDC$1 later.
With this feature, you may buy crypto with no fees using any of the fiat currencies that Revolut supports, such as the euro, the British pound, the Czech koruna, the Danish krone, the Polish złoty, and more.
Zero-Fee purchases, but funding costs may apply
Revolut–Trust Wallet crypto purchases are free, however adding money to a Revolut account isn’t always free. This is true for bank transfers, card top-ups, and cash deposits, among other things. Revolut’s FAQs say that cash deposits are limited to $3,000 per month and cost 1.5%.
The integration happened soon after Revolut’s private share offering in late November, which gave the business a value of $75 billion. Revolut said in a post on X, “This makes us Europe’s most valuable private company and one of the top 10 most valuable private companies in the world.” TrustWallet, which is backed by CZ, is actively entering popular market areas like prediction markets and real-world asset tokenisation, making these services more accessible to self-custody users.