Revolut customers can easily buy Bitcoin in Australia by transferring funds to trusted crypto exchanges like bitcoin.com.au.
This guide covers how to set up your account, make a deposit, and purchase Bitcoin, plus key info on Revolut’s crypto policies and crypto tax considerations.
Key takeaways
- Revolut allows transfers to cryptocurrency exchanges like bitcoin.com.au.
- You can buy Bitcoin by depositing AUD via PayID, bank transfer (EFT), card payments, or PayPal.
- Revolut is generally considered crypto-friendly
Step-by-Step Guide to Buying Bitcoin with Revolut
1. Create your account
To get started, create a trading account with bitcoin.com.au or another trusted platform.
You’ll need to verify your identity by providing:
- Your full name, email and date of birth
- Proof of address (e.g. utility bill, bank statement, or government notice)
- ID and selfie (e.g. passport or driver’s licence)
This is to meet Australian regulatory standards and keep your account secure.
2. Deposit Aussie dollars from Revolut
You can transfer AUD from Revolut to bitcoin.com.au using:
- Credit/debit cards – instant with Visa or Mastercard
- EFT bank transfers
- PayID
- PayPal
3. Buy Bitcoin with Revolut
Once your funds land in your account:
- Log in to your account and go to the Trade screen.
- Select Bitcoin from the list of available cryptocurrencies.
- Enter how much AUD you want to spend.
- Select Buy Bitcoin.
- Review and confirm your order.
Your Bitcoin will appear in your bitcoin.com.au account after the trade is complete.
Below is an example of the mobile app interface.
Revolut crypto transfer limits
Revolut offers an in-app feature called Revolut crypto, which allows users to buy, hold, and manage digital assets alongside traditional financial services. While convenient, it functions differently from using a dedicated cryptocurrency exchange.
For customers who prefer platforms like bitcoin.com.au, Revolut can be used to transfer AUD to licensed Australian crypto exchanges, subject to standard banking limits and security checks.
- Daily transfer limit: $20,000 per payee
- Instant deposit methods: Osko and PayID typically arrive within minutes
- Standard transfers: EFT may take up to 2 business days
Revolut crypto policies
Revolut is generally considered crypto-friendly and supports external bank transfers, which can be used to move AUD to and from cryptocurrency exchanges.
Revolut does not publicly block transfers to or from crypto exchanges, but payments may be subject to security checks, limits, or require additional verification.
Not all banks offer the same level of support for crypto transactions. Some Australian banks impose stricter limits or delays.
For a full comparison, see our watchlist of crypto-friendly banks in Australia.
Crypto tax obligations in Australia
The Australian Tax Office (ATO) generally treats crypto as an investment asset, similar to shares or property. This means that when you sell or trade crypto in a way that generates a profit, it may be subject to capital gains tax (CGT).
If you’re just buying and holding crypto without selling, trading, or using it for transactions, you won’t have to pay tax. But once you do, a crypto tax calculator can help you stay on top of what you owe.
Learn more about crypto tax obligations and tools.
Frequently asked questions
Are there any fees for buying Bitcoin using bank transfers?
- View our fee schedule for a list of all fees and charges.
Is Revolut considered crypto-friendly?
- Yes, Revolut is generally considered crypto-friendly and supports transfers to cryptocurrency exchanges.
Can I withdraw AUD to my bank account from bitcoin.com.au?
- Yes, you can easily send AUD to your linked bank account.
Are there any limitations when it comes to using Revolut?
Revolut does not publicly block crypto exchange transfers, but payments may be subject to limits, security checks, or additional verification.
- Your first deposit may be delayed by 1–2 business days.
- PayID and Osko transfers are typically instant, while EFT transfers can take up to 2 business days to process.
How much does it cost to buy Bitcoin in Australia?
The price of Bitcoin changes constantly based on market conditions, and you can view the current live price before placing your order. Importantly, you do not need to buy a whole Bitcoin. Bitcoin is divisible, which means you can purchase a fraction starting from as little as $50. This makes it accessible for beginners who prefer to start small and invest at their own pace.
