What are the hidden balances in Revolut for cryptocurrency trading?
RISE HIGHERMar 22, 2022 · 4 years ago3 answers
Can you explain what hidden balances in Revolut are and how they relate to cryptocurrency trading?
3 answers
- Matija AntićJun 24, 2024 · a year agoHidden balances in Revolut refer to the funds that are not immediately visible in your account balance but are still available for trading. In the context of cryptocurrency trading, Revolut may hold a portion of your funds in a separate wallet to ensure liquidity and security. These hidden balances are used to facilitate quick trades and provide a seamless trading experience. It's important to note that these hidden balances are still owned by you and can be accessed and withdrawn at any time.
- Mykola DotsenkoJul 28, 2021 · 4 years agoWhen it comes to cryptocurrency trading on Revolut, hidden balances play a crucial role. These balances are essentially the funds that are allocated for trading purposes but are not displayed in your main account balance. Revolut uses hidden balances to ensure that there is enough liquidity for trading activities and to protect users' funds. This means that even if you don't see the full amount in your account, you can still use these hidden balances to buy or sell cryptocurrencies.
- MUKUNDA REDDY.Jan 27, 2021 · 5 years agoRevolut is a popular digital banking platform that also offers cryptocurrency trading services. When you trade cryptocurrencies on Revolut, your account may have hidden balances. These hidden balances are not shown in your main account balance but are used to facilitate quick trades and ensure there is enough liquidity. Revolut takes care of managing these hidden balances for you, so you don't have to worry about manually transferring funds between different wallets. It's a convenient feature that makes cryptocurrency trading on Revolut seamless and user-friendly.
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