Trust Wallet Partners with Revolut for Crypto Purchases in Europe

Summary: Trust Wallet, owned by Binance co-founder Changpeng “CZ” Zhao, has teamed up with fintech company Revolut to allow users in Europe to purchase cryptocurrencies like Bitcoin, Ether, and Solana directly through the Trust Wallet app. This new feature is designed to make crypto access easier and faster, with purchases starting from 10 euros.

Key Takeaways

Trust Wallet has partnered with Revolut for crypto purchases in Europe.
Users can buy Bitcoin, Ether, and Solana directly through the Trust Wallet platform.
Minimum purchase is €10, while the maximum is €23,000 daily.
Only select cryptocurrencies are supported initially, with plans to add stablecoins later.
While crypto purchases are fee-free, fees apply for funding Revolut accounts.

Trust Wallet, the self-custodial cryptocurrency wallet founded by Binance’s co-founder Changpeng “CZ” Zhao, has established a partnership with the European fintech powerhouse Revolut. This collaboration will enable users to buy cryptocurrencies directly on the Trust Wallet platform.

As announced on Thursday, Trust Wallet users in Europe can now purchase Bitcoin, Ether, and Solana seamlessly using Revolut, starting with a minimum transaction of 10 euros (approximately $12) and reaching a maximum of 23,000 euros (around $26,950) both daily and per transaction. This integration is anticipated to significantly streamline and enhance access to cryptocurrencies for European users.

In October, Revolut successfully obtained authorization from the Cyprus Securities and Exchange Commission, allowing it to provide crypto services across 30 markets within the European Economic Area, in compliance with the European Union's Markets in Crypto-Assets Regulation (MiCA).

Trust Wallet taps Revolut for crypto purchases in Europe

Limited Initial Support for Stablecoins

Currently, this integration only supports the purchase of three cryptocurrencies, but both companies aim to expand the offering to include stablecoins like Circle’s USDC in the future. Users will enjoy zero-fee transactions when buying crypto using various fiat currencies that Revolut supports, such as the euro, British pound, Czech koruna, Danish krone, Polish złoty, among others.

Europe, Payments, Changpeng Zhao, Revolut, MiCA, Self Custody, Trust Wallet _Source:_Trust Wallet

While purchases through the Revolut-Trust Wallet partnership are fee-free, charging fees applies to adding funds to a Revolut account in many scenarios. For instance, cash deposits incur a fee of 1.5% and are limited to $3,000 per month, as outlined in Revolut's FAQs.

The announcement of this integration follows Revolut's recent milestone of achieving a $75 billion company valuation after a private share sale took place in late November. “This places us as Europe’s most valuable private company and among the top ten most valuable private companies globally,” Revolut highlighted in a post on X.

Under CZ’s guidance, Trust Wallet continues to focus on emerging market trends, including prediction markets and the tokenization of real-world assets, thereby expanding access to these innovations for users who prefer self-custody.

Cointelegraph reached out to both Revolut and Trust Wallet for insights regarding the integration but had not received a response by the time of publication.