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Can Ukrainians use Revolut, and what kind of account is it?
In the European Economic Area (EEA), Revolut banking is provided by Revolut Bank UAB, a Lithuanian licensed bank supervised by the European Central Bank and the Bank of Lithuania. Access depends on where you live and are registered.
Forbes Ukraine and DOU reported that accounts of Ukrainian residents were closed; Ukrainians living and registered in the EEA were unaffected. The National Bank of Ukraine has also stated that the bank has no Ukrainian licence.
For Ukrainians abroad, account eligibility matters as much as currency choice. Compare these services against your country of residence.
| Service | Account currencies | Access for Ukrainians |
|---|---|---|
| Revolut | EUR, USD and GBP; availability varies by region | Accounts of Ukrainians living and registered in the EEA were unaffected |
| Wise | EUR, USD and GBP balances with account details in supported countries | Ukrainian residents cannot hold balances; profiles with Ukrainian addresses cannot get account details |
Confirm which currency and receiving details are available in your own account before choosing a payout.
What does Revolut allow when crypto is involved?
Revolut accepts crypto deposits from major crypto exchanges into its own crypto service and may request source-of-funds evidence. In the EEA, that service is provided by Revolut Digital Assets Europe Ltd, licensed by CySEC under MiCA.
Independent exchangers carry out the transactions listed on OnExchanger; Revolut does not run them. Check the account’s crypto payment rules before ordering a payout, even when an exchanger offers the route.
A deposit into the platform’s crypto service and a bank payout from an independent exchanger are separate transactions. On-chain crypto withdrawals are irreversible.
Which route matches your crypto and Revolut account?
Match the asset, network and payout currency before comparing offers. A GBP quote cannot answer a request for an EUR payout, even when the crypto asset matches.
These direction pages open separate offer tables for the specified asset and account currency.
Bitcoin to Revolut EUR — sell BTC for a euro payout.
USDT ERC20 to Revolut GBP — sell this token for pounds.
USDC ERC20 to Revolut GBP — a separate route for USDC.- USDT TRC20 to Revolut GBP — another network option for USDT.
USDT and USDC are different assets even on the same network. Use the guide to USDT networks: TRC20, ERC20 and BEP20 to check your sending options against the order.
How does an exchanger pay crypto proceeds into Revolut?
You place an order with the exchanger and send crypto using the order’s instructions. The service waits for network confirmations, then pays the account you specified.
Work through the order details before sending funds.
- Select the direction and enter your amount to compare the payout, limits and reserve.
- Open the exchanger’s site, check whether the rate is fixed or floating, and enter your Revolut account details.
- Confirm the crypto address, asset and network shown in the order.
- Send the crypto as instructed and follow the exchanger’s terms for confirmations and payout.
For a crypto purchase, you pay from your account as instructed and receive crypto at the wallet address entered in the order. Check the terms for that direction separately.
What should you check before paying through Revolut?
Check account ownership, payment details and the exchanger’s verification requirements before you pay. Some services ask for AML/KYC checks or evidence that the account belongs to you.
Review these details together so that the payment matches your order.
- Account: use your own details and check the name entered.
- Crypto: match the token and network to the receiving address.
- Exchanger: read its payout terms and instructions for order enquiries.
The guide to checking a crypto exchanger helps you assess a service before committing funds.
How do you compare Revolut offers on OnExchanger?
Compare the amount you would receive for your actual transaction size, alongside limits and available reserve. The direction page lets you enter an amount before comparing exchangers.
The lists above separate routes from and to the account. Check the Revolut payout currency for each offer, especially when switching between euro and pound quotes.
OnExchanger automatically receives rates from exchangers’ public rate files and displays current offers. It neither holds funds nor performs the transaction; the chosen exchanger handles the order.
OnExchanger may earn a partner commission when you visit an exchanger. You pay the exchanger’s rate, with nothing added by OnExchanger.
FAQ
Forbes Ukraine and DOU reported that accounts of Ukrainian residents were closed, while Ukrainians living and registered in the EEA were unaffected. Revolut access depends on your residence and registration.