Revolut no longer doing fiat to exchanges

[PaulyS]

Have been using revolut to buy my XRP's in Euros from Kraken.

Went to buy some just now and got a message that they do not support this beneficiary due to internal security reasons - seem like no crypto-exchanges are supported now.

Is this a ploy to get customers to use their app? I would not mind if you could transfer out to an external wallet.

Is there any other cheap method of funding Kraken with Euros?

 

Thanks

[Guest]

It's reaction to what is happening in cryptosphere right now. My bet is on imminent implosion of tethered exchanges. In other words run to the exit as fast as you can.

[PaulyS]

thanks, will have to use my bank in that case.

 

all the best

[SamK]

12 hours ago, PaulyS said:

Have been using revolut to buy my XRP's in Euros from Kraken.

Went to buy some just now and got a message that they do not support this beneficiary due to internal security reasons - seem like no crypto-exchanges are supported now.

Is this a ploy to get customers to use their app? I would not mind if you could transfer out to an external wallet.

Is there any other cheap method of funding Kraken with Euros?

 

Thanks

I've just successfully used Revolut to send EUR to Gatehub

Looks like it's only some exchanges with restrictions

[Guest]

1 hour ago, SamK said:

I've just successfully used Revolut to send EUR to Gatehub

Looks like it's only some exchanges with restrictions

Yes, tethered exchanges.

 

https://github.com/andr3w321/kraken-trade-archiver/blob/master/output/trades_summary.txt

:Edit
 

Quote

 

USDTUSD Trade Summary

Buy orders(vs Sell): 48.90% (488/998)

Market orders(vs Limit): 35.57% (355/998)

Total volume: 918,347.80 or $917,613.12

Total number of trades: 998

Unique trade volume amounts: 223 or 22.34% (223/998)

XBTUSD Trade Summary

Buy orders(vs Sell): 50.46% (609/1207)

Market orders(vs Limit): 28.67% (346/1207)

Total volume: 206.46 or $1,931,373.47

Total number of trades: 1,207

Unique trade volume amounts: 923 or 76.47% (923/1,207)

ETHUSD Trade Summary

Buy orders(vs Sell): 61.30% (724/1181)

Market orders(vs Limit): 43.44% (513/1181)

Total volume: 1,794.43 or $1,362,328.50

Total number of trades: 1,181

Unique trade volume amounts: 749 or 63.42% (749/1,181)

EOSUSD Trade Summary

Buy orders(vs Sell): 57.16% (587/1027)

Market orders(vs Limit): 31.35% (322/1027)

Total volume: 91,732.71 or $1,682,377.84

Total number of trades: 1,027

Unique trade volume amounts: 795 or 77.41% (795/1,027)

 

 

Edited May 8, 2018 by Guest

[Socrates]

20 hours ago, PaulyS said:

Went to buy some just now and got a message that they do not support this beneficiary due to internal security reasons - seem like no crypto-exchanges are supported now.

Which method were you using? SEPA?

P.S.: Seems that due to FCA compliance they had to cut Kraken. https://community.revolut.com/t/kraken-sepa-withdrawal-reverted/38421/32

Edited May 8, 2018 by Socrates

[PaulyS]

17 hours ago, Socrates said:

Which method were you using? SEPA?

P.S.: Seems that due to FCA compliance they had to cut Kraken. https://community.revolut.com/t/kraken-sepa-withdrawal-reverted/38421/32

Yes was using sepa,  may use gatehub now instead. It cost me 2 euro more per 50 euro via my bank as their conversion  rate is higher than revolut.

Have a great day all! 

[Socrates]

By the way, you can find a list of exchanges that Revolut allegedly still supports (not all have XRP) here: https://community.revolut.com/t/kraken-sepa-withdrawal-reverted/38421/25

I would assume Kraken is looking into this... My (anecdotal) impression is that a lot of people were using Revolut to deposit/withdraw.

[1Ton]

Yesterday I opened a euro bank account with Fidor Bank in Germany. Euro withdrawals from my Kraken account show up in my Fidor German bank account within 30 seconds. And then from my Fidor German bank account I did a transfer to Revolut.