How To Avoid Binance 1.8% Card Deposit Fee Using Revolut

[@TheLearningsReport]

Binance SEPA EUR deposits/withdrawals are being re-introduced again across markets now - more information is here: www.binance.com/en/support/announcement/6bd5763ecaa04a4a87b2ef0053842207. The method in this video still works, however, it might be easier to deposit directly in Euro to avoid hassle! ⚠️ Please note: your *first* transfer using this method MAY take up to 3-5 business days (excluding weekends). Some report it takes less than an hour, others need to wait a few days. Be patient! ⛔️As of 19th Nov 2021, Binance has excluded *some* countries from SWIFT bank transfers i.e. this method. Excluded country list here: bit.ly/binance-19nov-update Questions or comments? Hit us up below 👇

[@iiiiii8350]

How can I contact you

[@TheLearningsReport]

@@iiiiii8350 Right here :)

[@iiiiii8350]

@@TheLearningsReport Do you have a telegram or WA?

[@markus_EU_AT]

Something similar for withdrawals :)

[@TheLearningsReport]

@@iiiiii8350 Not currently, but will shout if we set one up 👍 Anything in particular you need help on?

[@siccci]

Hi. Just a quick review about your step by step guide. I did everything exactly as you said on a Thursday evening Uk time. Money disappeared from my revolut account instantly. It was a bit stressful waiting but the following week Wednesday morning it appeared on my binance account. It took exactly 4 working days or 6 days including the weekends. I just thought I share my experience maybe help for others to be patient. Thank you again for the guidance. Really appreciate it

[@TheLearningsReport]

Hey Attila, Big thanks for letting us know how you got on. It's really helpful for other viewers to understand how the process went. Glad it all got sorted for you - it should take less time the next time you deposit. Thanks for watching the video! - Cian

[@doubleot5023]

@@TheLearningsReport j

[@Haren94]

Really strange, for me (Poland, EU) it appeared in Binance in 2-4 hrs from sending.

[@TheLearningsReport]

@@Haren94 Yeah for whatever reason it just varies for everyone! Our deposits also go through v quickly, but some people's take a few days - especially for that first one 🤷‍♂️ Thanks for flagging this though, helpful to know how other EU countries are working 👍 - Ste

[@TheLearningsReport]

@@mg5672 I think you've missed the point of both the video, and the comment you're responding to.

[@danielspatariu1555]

Congrats! I was searching for a while how to add those USD Binance infos on revolut...you are the first on youtube.Thanks a lot!

[@TheLearningsReport]

Cheers, Daniel - glad you found it helpful!

[@danielbaciu2421]

Same here... i was scanning the P2P Binance platform for hours, because i believed this option don't even exist... so thanks a million guys!

[@TheLearningsReport]

@@danielbaciu2421 You're welcome!

[@adi_dragomir]

Hello, romanian brothers! What should I write for bank name and account number (Add Account Iformation on Binance App). Revolut gives only an IBAN and a BIC code for Euro or Usd (currencies I have on Revolut).. no bank name and account number!

[@danielbaciu2421]

@@adi_dragomir you need to select in revolut country Seychelles when you add a new beneficiary. It will then ask you exactly what is shown in the video. In binance, you need to go to deposit, chose deposit fiat, chose usd, then follow the steps to get the page where you receive the bank account and name and all the other details.

[@PlukovnikJezevec]

This is exactly what I was looking for. I've almost come to terms with paying a 1.8% card fee, thank you guys a lot!

[@TheLearningsReport]

Glad it helped, Dearedh! More money for investing. 😎 - Cian

[@cryptoandbitcoinsignals4458]

Gladly it helps

[@gedotoole]

Excellent video, always a bit nervy moving funds around but your step by step approach really put me at ease. Exchanged GBP for USD, transferred to Binance for BUSD, whole process took 30 mins max. Even got an email from Binance confirming funds had landed 👍🥂

[@TheLearningsReport]

Nice one, Ged - appreciate you writing this as it certainly helps put other viewers at ease! Cheers - Ste

[@greenhousefilms3927]

So this works in the UK?

[@TheLearningsReport]

@@greenhousefilms3927 yes, plenty of UK viewers have done it - you most likely just need to convert from GBP to USD. 👍

[@vinokaransanthanayaki6095]

Can you please explain how to do this using Monzo account.

[@HenriqueJunior]

It worked for me. I am in Dublin and I was struggling to send money to Binance. You guys saved my day. Yay. I will pay you guys a pint.

[@TheLearningsReport]

Excellent, Henry, glad it worked for you and happy to help. We'd never turn down a free pint. 😏 - Cian

[@hacheman]

Thanks a lot, Works for me. I did it as you explained, step by step and just have to wait 2:30h to transfer from my Revolut account to my Binance. I deposited 100€ (114USD) with just 0.30€ fee. Again, Thanks for your explanation.

[@TheLearningsReport]

Thanks for letting us know, Oscar - it helps our other viewers who might be nervous about trying it! Great to hear it was quick for you also - some have had to wait a few days for their first transfer to process 👍🏻 Happy trading. Ste

[@roseannelolarga3516]

Thank you very much for sharing this video guys. Very helpful. I just made my first transfer using Revolut and it only took less than an hour!! :)

[@TheLearningsReport]

Thank you for letting us know Rosa - great to hear it was a quick process for you! Luck of the draw it seems - many viewers need to wait a few days for their first transfer to go through, but always nice when it doesn't take that long. Best of luck with the trading and glad you're enjoying the videos! - Ste

[@cristinaionelaferu106]

Hi, my Revolut account is în euros and on binance the money are în euros as well. Can I still transfer the way they did?

[@desp0ina17]

Thank you so so so much for this guide. I just tried it today and my funds were transferred into Binance in less than 15min. (I live in EU). Really appreciated it! Thanks :)

[@AleksandarBosnjak]

MY GOD you guys are fenomenal , thank you gentleman' s! Short, direct and simple !!! Keep it up please !

[@TheLearningsReport]

No worries mate, glad it helped. Really appreciate the comment & cheers for watching! - Ste

[@davidoconnell6996]

Too many 🤡s out there giving overhyped information but these guys are straight to the point and accurate 👏

[@TheLearningsReport]

@@davidoconnell6996 This is exactly the feedback we want to hear, as our whole focus is doing just as you described. Really appreciate it and thanks for watching 🙏

[@Classic207]

Thanks Cian! My Transfer was GBP and took almost 12 hours to hit Binance as it was my first time i think. The second time only took 35 mins to hit Binance! Thank you for this!

[@TheLearningsReport]

Nice one, Kenneth. Did you have the reference code for both transfers? Also, did you send GBP? I'd be surprised if that worked. If so, I would check if you are being charged a high conversion fee when it lands in Binance - would most likely be cheaper converting in Revolut beforehand. - Cian

[@Classic207]

@@TheLearningsReport I dont remember receiving a reference code for both transfers. I sent GBP. I convert GBP to USD first in Revolut. FX rate is par with Wise anyway. They charge me 0.41 to send USD to Binance to buy BUSD. 41 cent in total was what it costed me to get it into Binance.

[@shangaan77]

@@Classic207 My transaction taking ages today, was quick yesterday. A bit of research tells me there are days when the whole of the US is being paid, so it significantly slows all international transfers. This must be one of them!

[@jjandkfc8406]

Sound lads !! Great videos, will recommend to all my Irish friends and European friends … Eire 🇮🇪 Keep up the work and the subs will add up 🔥

[@TheLearningsReport]

Nice one Mateusz, really appreciate the positive feedback and for sharing the channel with your mates. Great to have you along! - Ste

[@15malachy]

Great video guys, thank you! I’ve been paying the 1.8% fee for months

[@seifchadi4287]

it still works ??

[@elliotalderson9801]

That's awesome! Thank you for sharing your precious knowledge; did a transfer this morning and arrived in the afternoon (It took 5 hours). Just be patient and follow the steps! Zero fees guaranteed 🤙🏻😎 P.s. I'm located in Italy, EU

[@TheLearningsReport]

Nice one Elliot - thank you for taking the time to follow up with your experience. Definitely helpful for others to see! Glad it worked. Happy trading 👍

[@mblesc]

How did you make it from Italy mate with USD as currency? I am in Croatia and when I choose USD as currency then I get error that this payment method is currently unavailable in my country. If I choose Euro then I can get through but with fee which we want to avoid. Please help

[@elliotalderson9801]

​@@mblesc do you intend when you choose USD from Binance? For me it was smooth, no errors. Just be sure to select SWIFT bank transfer!

[@mblesc]

@@elliotalderson9801 I get the error as i described abowe. That usd transfer is not available in my country.

[@TheLearningsReport]

@@mblesc hey Matija, Yeah, unfortunately, it is no longer available in Croatia. No workaround as of yet but we'll let you know if we hear anything. - Cian

[@РусланКаписъски]

Preaty useful video. But now we do not have an option to chose usd?How are we supposed to use this method when there is no USD option? Thank you in advance for sharing an experience with us.

[@Иллувиум]

According to Google response, exchange from crypto to crypto is taxable (let say 1 x BTC to 15 x ETH). Question: How to calculate tax in this occasion? Thank you

[@TheLearningsReport]

Hey 21Pixel, Thanks a million for the question. So, yes, you are correct. 'Exchanging' or 'swapping' one crypto for another is considered a sale from a tax standpoint and if you are in Ireland, you would be liable to CGT if you have made a gain/profit (that is greater than €1,270). Assuming you are in Ireland and given that you pay your taxes in euros, you can calculate the gain based on the Euro value of the 1 BTC at the time of purchase and the 1 BTC at the time of sale/exchange. If you are in a different country, make sure to check the local tax laws. If you made a loss, no tax should be due for CGT. There are separate tax implications for crypto staking Linking our videos on CGT and Cryptos Investing in Ireland which will shed more light: - CGT: kzbin.info/www/bejne/fouUhKeniMt4l6c - Crypto Investing in Ireland: kzbin.info/www/bejne/i6vKg5qjqaykb8k - Crypto Staking in Ireland: kzbin.info/www/bejne/l5mbl3pol5Voibs Hope this helps! - Cian

[@KatyaDanova-hw2dz]

thanks, they've made it really compliacted for no appearant reason, though, I was able to transfer cash thanks to you... keep making content like this

[@seancurran8108]

Nice one, I was also coming to terms with the 1.8% but this is fantastic advice.

[@TheLearningsReport]

Nice one - happy savings!

[@cryptoandbitcoinsignals4458]

Inbox me now for more details.

[@Dr.CharlotteWilmas]

hi nice one so ple let me know best day for transfer is faster payment ?

[@TheLearningsReport]

I'd suggest sending it first thing Monday morning. That won't necessarily speed it up, but it means you have a 5 day window that it could arrive (because weekends don't count). It could arrive a lot sooner - every viewer has had different experiences. Some have had to wait a few days, others only an hour! Make sure to do a test deposit first to make sure everything works ok 👍 - Ste

[@nenkonenov5031]

When I am trying to deposit USD into Binance, it asks for my Bank Name and Bank Account Number from which I am going to send the funds. But how do I find these in revolut?

[@TheLearningsReport]

Hey Nenko. You can download a statement from Revolut to see those details. For bank name, you can use 'Revolut Payments UAB' (or I'm pretty sure I just used 'Revolut' so either is likely fine'). Then for account number, it's your IBAN. In our case, our IBAN begins with LT but yours may be different depending on where your Revolut account is held. If you click the European Union flag beside your balance in your Revolut App (or whatever flag represents your base currency) you will also see a pop up info window with the details mentioned above. Let us know how it goes! - Ste

[@utrlohan]

Fair play lads.. loving the content. Keep up the quality work

[@TheLearningsReport]

Appreciate it!

[@jgdar]

Great video as always guys.. I’ve made a deposit from Revolut to Binance following these steps, and Revolut didn’t charge me any fee. The transfer details actually says “no fees”. I’m not sure if it’s because I have a Metal Revolut Account (note: I deposit pretty much the same amount as you so was expecting similar fees) . We’ll update this after the next deposit.

[@TheLearningsReport]

Thanks Jesus! Yep as you flagged, premium account holders on Revolut get a couple of free international transfers per month (I think the actual number is 2, but can't recall exactly) so thats why you have no international fee. I'd suggest sending your funds in bulk to take full advantage of the free transfers as that will give you the most savings of course!

[@patrykada3420]

nice guys thanks! how long does it take the transfer? the same like with the card or does it take like 1-3 working days?

[@TheLearningsReport]

Hey Patryk - first transfer can take between 2-5 business days, but for most, it tends to arrive in a couple of hours (there's no definitive answer on this one!). Subsequent transfers, after the first one, usually are much quicker (for example - mine usually only take 30 mins or so). On a sidenote, Binance have recently begun to reactivate SEPA transfers in Europe, so you might need to even use this method anymore! - Ste

[@ilkinismailov4438]

What to enter as a Bank Name when adding Revolut account? Also what Revolut plan was used for that test?

[@TheLearningsReport]

Hey Ilkin. You shouldn't need to add Bank Name, or at least, we didn't? When adding the account to Revolut, did you switch to the Business Tab instead of 'individual'? Maybe go back through the steps and just double check you've followed each step correctly 👍 We tested it on both the free plan and the paid plan. The majority of the footage in this video references the free plan. If you did it with a paid plan (and you hadn't exceeded your international transfer limit for the month) you wouldn't need to pay the €0.60 fee we paid in the video. Hope this helps! - Ste

[@victor99gm32]

@@TheLearningsReport I have the same problem, what he is saying is that when you are in binance and click into deposit usd, binance tells you to add some information like, there you put the the LT***** , you name and your bank acc and idk what to put in bank name because im sending the money fromn revolut, any idea?

[@TheLearningsReport]

@@victor99gm32 Ahh ok I see what the original question was now, thanks for the clarification. As far as I can recall, I simply put 'Revolut' as the Bank Name. If you generate a statement via the Revolut app, you'll see in the top right corner that the statement says 'Revolut Payments UAB', so you could also potentially use that title also. In short, I don't think you'll have issues using either. Let us know how it goes!

[@TheLearningsReport]

Try 'Revolut' or 'Revolut Payments UAB' !

[@agostinhoserra]

Worked perfectly... took 30 min to drop on Binance. Thank you guys! Cheers!!!

[@TheLearningsReport]

Thanks for letting us know, Agostinho - great to hear you got it quickly. Cheers! - Ste

[@interstellar.overdrive]

Thanks, this is super helpful! Are you sure though the "weekend fee" is for the transfer itself? Isn't that fee there rather for the currency exchange (as you are sending USD from your EUR balance)? If you have USD balance on Revolut, then I think you can transfer it for free.

[@TheLearningsReport]

Thanks for the question! So the international transfer fee is applied regardless whether you have USD or EUR balance in your Revolut - that's just a charge for sending to a country where the account is different to your own. When it comes to the 'weekend' fee, correct, that is only a forex fee, and as you noted - this is only charged if you try to send (for example) USD on the weekend using your EUR balance (as then Revolut will automatically convert to USD and you will get hit with the 0.5% weekend forex charge) If (again, for example) we had already converted our EUR to USD during the week, and had USD balance in our account when we went to send to Binance, then the only fee would be the international transfer fee (0.60c in the example in the video). Perhaps we didn't make this as clear as we could have in the video, so thanks for flagging! - Ste

[@interstellar.overdrive]

@@TheLearningsReport thanks for the reply and the detailed explanation! Cheers 😊

[@marusz3045]

@@TheLearningsReport I think you are wrong. If you send from USD account there is no fee. If you click on EUR account and send USD there is 0.60c fee. Just done from USD account and no fee I'm waiting to reach Binance. Received the money 15 hours later. Thank you @The Learnings Report

[@TheLearningsReport]

@@marusz3045 hmm, I'm not seeing the same when I send in USD - there is still a fee. I think the international transfer fee is based on country as opposed to currency. What Revolut plan are you on? What country are you based in? - Cian

[@marusz3045]

@@TheLearningsReport I'm UK customer on Premium plan.

[@MartinRichtar]

Thank you so much guys! Saved my life .. and in the czech republic is also same minimum payment set to 50 $ ..

[@TheLearningsReport]

Excellent, Martin, glad it worked (and saved a life). Also, great to know the min deposit is the same in 🇨🇿 - Cian

[@Matt-bg5wg]

Great advice! Thank you for putting this together. Binance removing the SEPA deposit has become such a pain in the ass. It used to be so quick and painless. I hope they bring it back but I’m losing hope. It’s been months now since they shitcanned it.

[@TheLearningsReport]

Hey Matt, Glad you liked it! We know... 🙄 We anticipate they will bring it back at some point but when that is, who knows? - Cian

[@nftdolphin5881]

Thanks guys transferred US dollars from my US dollar balance zero fees 👍 I have a GB account

[@TheLearningsReport]

Great to hear, Dolphin, glad it worked. Less fees - more money to invest. 👍 And thanks for the confirmation with the GB account, seems to be working for GB accounts with no problems. - Cian

[@antoniofurtado7877]

Hi guys, great video, however I'm just confused on the actual transfer part. Binance is asking me what is the account the money is coming from. I have a GBP account number in revolut but since I'll be transferring USD, I assume they will instantly convert GBP to USD and the payment will be made from the USD revolut account? If that is the case, all I have for the USD account is IBAN and BIC. Is that what I should use or is it the ones from the GBP account?

[@TheLearningsReport]

Cheers Antonio. Interesting - so on my Revolut, my IBAN and BIC is the exact same for both the 'EUR' account and 'USD' account. My gut feeling here would be for you to exchange your GBP for USD manually yourself via the exchange function on Revolut (although yes, usually Revolut will just do this automatically when you transfer). Then take the IBAN from your US Revolut account and use that as the account number for the transfer (for example, in Ireland my USD/EUR IBAN begins with LT - and that's what you can see in the video for the part where we show the linked bank account to Binance). As always, do your own due dilligence if you're concerned as we haven't done a GBP transfer ourselves personally. Definitely test out the minimum amount first to make sure it goes through, to avoid any unwanted headaches! Let us know how things go. - Ste

[@alessandroferraioli1582]

Same here. How did it go ?

[@alexkirilov9215]

@@TheLearningsReport Hi everyone, in regards to the matter when i did the transfer yesterday evening i followed step by step as in the video but i did not put my IBAN - starting with LT but it was automatically put my revolut physical card number. Should i be concerned because i still have not received BUSD in Binance. However i received email from Revolut that i have sent money to Binance.

[@TheLearningsReport]

@@alexkirilov9215 hey Alex, Hmmm, OK we've never heard of anyone doing this. In general it usually takes between 3-5 working days for your funds to land but I would be quite doubtful that the funds would make it with the wrong IBAN. I would reach out to Binance support to check. Most likely, your funds will bounce, be returned to your account and you can do it again with the correct IBAN. 👍 - Cian

[@thechamptube2429]

Hey guys great video, could you tell me how much time this transaction takes on average?

[@TheLearningsReport]

Hey Champ, On average it takes between 3-5 working days for your first transfer and then usually within a day fro transfers subsequently after. Make sure to include your reference number to ensure the process goes as quickly as possible. - Cian

[@michalroesler]

It works just fine. Money are on Binance within 30-40 minutes.

[@TheLearningsReport]

Cheers Michal - thanks for following up and letting us know. Helpful for everyone else to see!

[@isamalik2696]

I have a UK revolut account, I’m not sure what to enter as my account number. Would it be the 8 digit account number or the IBAN?

[@TheLearningsReport]

Hey Isa, You can use your IBAN, probably starts with GB. 👍 - Cian

[@michaelharris2086]

Thanks for the vid. I have a question though - Can you withdraw from Binance to Revolut the same way? cheers

[@TheLearningsReport]

Hey Michael - not exactly, unfortunately. However, we did do a video on Binance withdrawals (to avoid the fees) so might suggest having a look at that vid if you haven't already! We use the Binance card as a way around the withdrawal fees. Video: kzbin.info/www/bejne/aKHEc598gtJqntk - Ste

[@dmtmak]

Just did it again, 1st try was a year ago. Still works perfectly. Revolut app slightly differs now from the video, but it’s small details like button names etc. Also, after I created transaction - Revolut had Frozen my transfer giving a warning - saying it looks like potential Scam. So I needed to unfreeze it in Revolut. Which gave me a bit of stress while my money were out there. But ALL GOOD! After about 30mins I received it in Binance. Thank you for this video!

[@TechfyFinance]

I love the way you guys coordinate, NICE video!

[@TheLearningsReport]

Thanks! Sorry for some reason your comment got flagged as spam and literally only approving it now. Cheers for watching - Ste

[@1sport_editz994]

Thanks guys for this excellent video. I wonder if exchange from USD stablecoin to say BTC is taxable event and needs to be filed? If yes, how you would calculate and file this in Ireland?

[@TheLearningsReport]

Hey Karol - thats a great question. My guess would be no (given that it's pretty much a 1:1 equivalent - although, not always). I would think that you can treat your USDT/USDC at face value and then your tax liability would only come into play once you decided to sell the Bitcoin that you swapped into. That would be the argument I would make to revenue anyway - but remains to be seen how that would play out! Hopefully as time goes by we'll get more transparency from revenue authority on crypto to make these questions a bit easier. Cheers, Ste

[@1sport_editz994]

@@TheLearningsReport Thank you very much for replying.

[@vaniajonas5731]

Thank you for the Informative Video. Does this "method" goes the same with crypto transfer from revolut to binance?

[@TheLearningsReport]

You're welcome, Vania. So as far as we're aware (and at time of writing), Revolut have only been beta testing crypto withdrawals from their platform in the past few months, and I don't believe it's available everywhere yet. Once it's implemented, you'll likely be able to withdraw crypto (or at least, BTC) from your Revolut account to an external wallet, such as your Binance exchange wallet. I assume there will be a small network fee to pay to do this. For now, you'll likely need to sell your crypto on Revolut, send the cash to Binance, and repurchase it if you wish to move it across the two platforms! Remember though, this will likely cause a taxable event in the process, so you might be better off waiting until BTC transfers freom Revolut become available. Hope this helps! - Ste

[@vaniajonas5731]

@@TheLearningsReport It helped pretty much! I guess i will wait for a bullish period to cash crypto and use revolut from then on for transfer "hub" purposes, only. Thank you for all!

[@garyatkins3758]

I’m from UK, is this still the best way to deposit in Binance? Also can i do this from Monzo/Starling or just a regular UK bank like Halifax ?

[@TheLearningsReport]

Hey Gary - not sure if it's the 'best' way but it's certainly one way! UK users who use Revolut report the method working fine. Monzo seems to have some issues, as for whatever reason they ask for a routing number which may cause some issues. I would be wary about using your regular bank, as thats where the hidden fees start hitting you. I can't speak directly for Halifax, but my guess would be they will likely hit you with some sort of transfer charge that removes the benefit of using this method in the first place. Could be wrong, so might be worth trying! Let us know how it goes. - Ste

[@azb3043]

Love the channel, you just earned a new sub! Wondering if you can do this the other way round so Binance to Revolut to spend some 💷

[@TheLearningsReport]

Hey Az B, Love it, welcome on board. We have a method for withdrawing to Revolut using the Binance Visa card for free. You can check out the video here: kzbin.info/www/bejne/aKHEc598gtJqntk - Cian

[@aledia05]

Hi. Did you transfer euro or usd from Revolut? Because in the video I see how many euros you have, but I thought I have to send usd to Binance. Thanks!

[@TheLearningsReport]

Hi Ale - in the video we transfer USD to Binance! Revolut converts the EUR to USD when you send (once you have the transfer set up correctly) - Ste

[@spirittravels.]

Thanks. This USD option is not available. Is there another possibility with Revolut now?

[@confidencewithchloe8667]

Fantastic guys! Just made my first transfer following your video. Nice one!

[@TheLearningsReport]

Cheers, Chloe - hope it all went smoothly! Thanks for watching

[@cleberiack5840]

Thank you very much for the video. It worked perfectly. I sent euros from Portugal to Revolut and then in dollars to Binance. It left Revolut at 14:25 and entered Binance at 15:10. Thank you.

[@TheLearningsReport]

Thanks for letting us know, Cleber! Great to hear it works ok in Portugal and that your transfer went through quickly 👍 Best of luck with your trades! - Ste

[@namankumarsingh1575]

Sir I am living in Portugal and getting trouble because of bank card . That's why I am unable to invest in crypto . Will you please share your contact details . So that I can talk with you and seek help

[@TheLearningsReport]

@@namankumarsingh1575 Hey Naman - we can't offer too much advice on certain issues, but happy to help where we can. Contact us through our website if you like 👍 thelearningsreport.com (you'll see our email down the bottom)

[@r7eagle_]

Thanks guys. I have been searching for a way to reduce the fees that US banks charge for bank transfers.

[@TheLearningsReport]

Glad to help, R7eagle! Hope it saves you some money. - Cian

[@aliendkk]

Thanks for a complete guide guys. Just a little confusion, should the company name be binance or key vision development limited, when adding in revolut?

[@TheLearningsReport]

Hey Ahmad, Good question and apologies for the confusion. We used Binance and it worked so I think Binance is OK. 👍 - Cian

[@aliendkk]

@@TheLearningsReport Here's feedback from Denmark: I made a test deposit of $50 today, friday at 4am. Transfer was completed at 10am and I could see it on my binance account at 4pm. So it took 12 hours in all. I made another transfer at 4pm and it took only 45 minutes to show up in my binance account. Thanks again for the complete guide guys. Happy weekend!

[@TheLearningsReport]

@@aliendkk Ah amazing, this is v helpful as a reference point - thank you for taking the time to follow up! Yes it seems everyone's first transfer takes a little while, but subsequent transfers are much quicker. Likewise Ahmad, have a good one. - Ste

[@waynesanderson9237]

Great video guys 👍🏻 question do I need to exchange GBP to USD in order to do the transfer

[@TheLearningsReport]

Nice one, Wayne, glad you liked it. So (as long as you're using Revolut) in the video we didn't need to convert - you'll see it coming out of a Euro account. Just make sure to send in USD. 👍 - Cian

[@takiaschannel]

Hi guys, in binance do I enter revoult as bank name? And can I exchange GBP to USD inside revoult first then transfer? This might speed it up. Thanks

[@TheLearningsReport]

Hey Takia, Yes, you can use Revolut as the bank name. And, absolutely, you can convert from GBP to USD - as long as you're sending in USD, you're good. - Cian

[@faolteam]

Going off the subject slightly love the channel but i have some shares in bank of ireland , would like to seel them but my old stockbrokers firm has closed down what would be the best place to sell them , i have the Cert

[@tzap9001]

Hi ! I'm very new to this. Trying to make my first ever deposit. Followed everything but it seems like I'm doing some extra stuff and not sure if it's ok ? So, to be clear, the money source is my bank account in my country's currency which is RON ( or LEI , I live in Romania btw ). What I did is deposit RON on my Revolut, then exchanged it for USD and now I'm just a step away from making the actual deposit, however I sadly didn't take the fee into consideration and I'm missing a very small amount ( $0.23 ). By the way, I can report that the fee in my country and today 29th November is 0.7% ( which obviously is still better than 1.8% ! ). I only have 2 questions, but big ones ! 1) Do I really need to convert from RON to USD ? I think I already lost a bit of money there, haven't I ? 2) What is Revolut's "bank name" ? Is it just simply Revolut or something else ? Binance warns me that I need to make sure the bank name is a perfect match. Looking forward to your reply, thanks !

[@TheLearningsReport]

Hey Tzap, Thanks for watching the video! Interesting, so Revolut offer a real exchange rate meaning you don't get charged a fee up to a certain limit. However, I think you may get a certain fee to exchange currency on the weekend. Can you see what the rate is now if you try to exchange it? 1) I'm not sure if Binance will charge you a fee if you send directly in Lei - I imagine there is one if there is for Euro. However this method is only valid for USD so ultimately you would need to get your base currency to USD to avail of it. Have a check and see if you get charged a fee during the weekdays, that might be the issue. If not, you are at least saving 1.1% which is better than nothing! More on fees here: www.revolut.com/ro-RO/legal/standard-fees 2) You can use "Revolut" which is what we used and it worked. Let us know how you get on! - Cian

[@FerenczyAS]

Thanks a lot, guys! This works great for me. Happy New Year and keep up the good work!🎄🎇

[@TheLearningsReport]

Cheers, Ferenczy - you too! Glad it helped.

[@pedromuniz5247]

Hello, what happens if you stay with the Seychelles adress instead of the US adress?

[@vivoman]

Hi guys great vid, does this work for buying USDT, as well?

[@TheLearningsReport]

Cheers! So when you deposit the funds using this method, you will always receive BUSD. However, you can then simply swap BUSD for USDT using the Binance exchange, and away you go! Very simple to do. - Ste

[@vivoman]

@@TheLearningsReport thanks for that😃

[@dorinmosud9989]

Thaks for video. What account i shall use from revolut "Local" or "Swift" my local account has RON and its different from USD and EURO. On the other hand euro and usd has same account

[@TheLearningsReport]

Hey Dorin, If you're sending USD from your USD account, we would recommend using that. 👌 - Cian

[@TheLearningsReport]

Our example is a SWIFT transfer, so it's more than likely that option!

[@neoniki30]

This worked for me in Bulgaria perfectly! Thank you guys!

[@TheLearningsReport]

Thank you for letting us know! Bulgaria another one to add to the successful list 👍 - Ste

[@neoniki30]

@@TheLearningsReport no problem, thanks again for sharing!

[@nikolaykostov8587]

Здравей, колко време ти отне преводът?

[@neoniki30]

@@nikolaykostov8587 Не повече от 30 минути, но имаше малко проблеми. Ако е голяма сумата първо от банката ми канселираха превода към рево, след това вкарах парите на няколко по-малки транзакции, направих превода към бинанса, обаче на следващият ден от рево ми казаха че съм достигнал лимита за вкарване на пари и 48 часа и не можех да вкарвам повече. Като цяло работи схемата и таксите са по-малко но имай предвид тези неща също.

[@nikolaykostov8587]

Пуснах един превод с малко пари, за да видя как става и после да преведа останалите, но вече повече от 2 часа ми е pending

[@nikolinahukelj9762]

you are great!👌 I try it with revolut and they say: This payment method is currently unavailable in your region. I'm from Croatia. What can I do?

[@TheLearningsReport]

Thanks Nikolina! Unfortunately as of Nov 19, 2021 - Croatia is part of a list of countries that Binance has removed from being able to use this method. Link to the list here. Sorry about that! www.binance.com/en/support/faq/b230db1283e54c529b206d0a48e6e358

[@pranavtyagi5393]

What account should I open for this personal or business

[@TheLearningsReport]

We both use a personal account for this - it will be less complicated to set up. 👍 - Cian

[@bucharestred]

when you transfer from Bitcoin into the Binance Card funding wallet ... does the Bitcoin remain as Bitcoin or sold for USD

[@TheLearningsReport]

Hey it stays as BTC until you actually make a purchase! The conversion from BTC to EUR will happen at the moment you make the purchase 👍

[@bjjbrazil5430]

Great video mate, i have a question for you, i'm from Croatia, Croatia is on unsupported SWIFT (USD) list, does this mean i can still deposit € on Binance throught Revoult? Thanks in advance.

[@TheLearningsReport]

Hvala! Yeah, you should still be able to deposit using Revolut, but you'll just need to pay the 1.8% fee for the deposit 👍 - Ste

[@MichaelGroenendijk]

I never paid any fees at an atm or in a shop, I always check. Really happy with this card

[@hamedhaji5618]

Hi, why binance in company name field ? that supose to be : Key vision Development limited ? or does'nt matter ?

[@TheLearningsReport]

Hey Hamed, We used Binance and it worked so I think Binance is good to use. 👍 - Cian

[@80marecki]

Thanks for this video I transferred GBP took about 7 days thanks guys.

[@TheLearningsReport]

Thanks for following up! 7 days is long, I would imagine your subsequent transfers will be faster 👍 We had a viewer earlier use GBP on Revolut and it only took them 1 hour, so I don't know what the criteria is that causes the variance. Either way, glad it worked! - Ste

[@Jefe82]

Hi guys, thanks for the video ! Now that SEPA deposits are back, would you still recommend this method ?

[@TheLearningsReport]

Hey Jeff, Yes, Binance SEPA EUR deposits/withdrawals are being re-introduced again across markets now - more information is here: www.binance.com/en/support/announcement/6bd5763ecaa04a4a87b2ef0053842207. The method in this video still works, however, it might be easier to deposit directly in Euro to avoid hassle! You will still need to pay whatever Revolut/bank charges that there are for SEPA, however, Binanace won't charge a fee. Recommend to compare the fees for both methods and see which one works out cheaper and is easier for you. - Cian

[@TheLearningsReport]

But in most cases, SEPA is likely going to be free - so in short, I'd revert back to SEPA method if it's available for you!

[@XdekHckr]

Do i choose SHA or something other (BEN, OUR)?

[@TheLearningsReport]

Hey - Can you elaborate? Little lost as to what you're referring to here! 😅

[@Mike_EOD]

Is there any benefit from going to euro-BUSD? Cant you just add it to Binance as euros? Or in my case GBP?

[@TheLearningsReport]

Yep you can, but the issue is that if you're depositing Euro, you can only do it via Bank card at the moment and thus need to pay the 1.8% card fee for doing so. There is no fee for depositing USD, hence the method outlined in the video! I just had a quick look there, and seems that you're likely going to run into a similar issue to Euro when you're depositing GBP (i.e. you'll be paying the 1.8% fee) www.binance.com/en/fee/fiatFee Pop GBP into the link above and you'll see the fees! - Ste

[@rohans5743]

Brilliant lads - thanks a lot! Handy since I use Revolut too :D

[@TheLearningsReport]

Nice one, Rohan. It's a handy workaround! - Cian

[@marcoolinho]

Congrats for 40k views. Good and reliable guide. Tell me can I do the opposite, withdraw BUSD back to USD and withdraw it from Binance to my Revolut account?

[@TheLearningsReport]

Thank you, Marco! And your view helped us get there - cheers. In short, we haven't tested it so can't say for sure if you can - but I would assume so. However, if you're withdrawing in USD, then you'll be hit with the $15 withdrawal fee for SWIFT withdrawals. Not sure if you've seen our video on how to withdraw from Binance without paying the fees (using the Binance Visa card), but I've left a link below if you wanted to have a look. kzbin.info/www/bejne/aKHEc598gtJqntk

[@marcoolinho]

@@TheLearningsReport Thanks a lot for this. Great job fellaz!

[@HeinekenLasse]

Great video. And for the other way around, to withdraw euro from Binance, is there a similar trick ?

[@TheLearningsReport]

Cheers, Thomas! Yeah we actually just published a video outlining a method using the Binance Visa Card. Link below if you're interested 👍 kzbin.info/www/bejne/aKHEc598gtJqntk - Ste

[@adilazio6342]

Still working this method? I just trying and i cannot transfer, from my region(Ro) it s imposibile.

[@k-dogstor1170]

This doesnt seem to work for my anymore. Have Binance changed something? cheers

[@jackcollins156]

Hi, great video, I have a Euro Binance account and I have a revolut account, can I fund my Binance account in Euro via my Revolut? Thanks

[@TheLearningsReport]

Hey Sean, you could before the SEPA ban was implemented, but until SEPA returns - you'll only be able to send Euro by using your Revolut Card (and you'll pay the 1.8% fee for doing so). - Ste

[@jackcollins156]

@@TheLearningsReport Cheers, thanks for that.

[@TheLearningsReport]

@@jackcollins156 No bother

[@bogdanirimia492]

Hello, why you fill at the name “Binance”and not “Key Vision Development Limited” or “Signature Bank”

[@TheLearningsReport]

We used Binance and it worked. You can use the Key Vision name too, don't think we've heard of anyone using Signature Bank so wouldn't risk that. - Cian

[@MichaelMartin-lv6fs]

I was charged €0.30 for sending $50. Worked out about 0.67% fee. Better than 1.8%! Thanks lads.

[@TheLearningsReport]

Every little helps! Nice one.

[@MichaelMartin-lv6fs]

@@TheLearningsReport Is the reference the same for each transaction from Revolut to Binance?

[@TheLearningsReport]

@@MichaelMartin-lv6fs yes, it is unique to your account so makes things way simpler going forward. 👍 - Cian

[@Mickiete]

Nice video, which Revolut account does this work with ? Will it work with the FREE basic account ?

[@TheLearningsReport]

Hey thanks. Yep we did this with both the free and premium accounts, and both worked fine 👍

[@Mickiete]

@@TheLearningsReport thanks for reply.

[@TheLearningsReport]

No worries!

[@JK-qi5dm]

Does this apply the same rule if I am in England? Thanks

[@TheLearningsReport]

Hey J K, Good question - the main reason we did this video was to avoid the fees given that Euro SEPA payments were removed. Are you operating in Euro? We haven't been able to try it with a UK account set up but it may be worth trying with a small amount if you can. I would check what the difference in fees is between the SEPA payment option available to you and what it would cost using this method. Let us know how you get on! - Cian

[@jocollo979]

Hey guys. thanks a lot for this tutorial. It is what I was trying to find in order to send cash to Binance with low fee as possible. the funds reached Binance same day with Revolut from Spain. Much appreciated. :D

[@TheLearningsReport]

Thanks for letting us know, Jose - now we can add Spain to our list of countries that the method works, cheers. - Ste

[@vlad-andreilupu1103]

Much love from Romania! Very helpful!

[@TheLearningsReport]

No worries, Vlad!

[@cipri4737]

salut Vlad, cat tim a durat pan ti au intrat fonduriile pe Binance? merci fain!

[@vladlupu9866]

@@cipri4737 cateva ore

[@cipri4737]

@@vladlupu9866 merci de raspuns!

[@joahlnaik4701]

I completed the transfer on Monday 13th December and still waiting to receive funds in my BINANCE account! Coming onto 5 working days now. Hoping it will come through next week 🤞🏽I’m from the UK 🇬🇧

[@TheLearningsReport]

Hey Joahl - sorry to hear you got the long end of the stick! I wouldn’t be concerned so long as you followed all the steps correctly 👌🏼 most report that their second and subsequent transfers tend to be a lot faster so hopefully same for you. Pls let us know how things go and when the funds arrive. Cheers, - Ste

[@dar9661]

I'm trying to do same thing but I stuck on 'Add Account Information' popup on my Binance account. Apart from 'Bank Account Holder Name' and 'Bank Account Number' texboxes, there is textbox asking for 'Bank Name'. I guess it must be Revolut bank name, but I'm not sure what exact correct name is. Do you know maybe how to get that information? In my Revolut account for Swift transactions I just see a BIC number. I know it contains a lot of details about bank including a name. I wonder if I need provide just a BIC number or 'bank name' which I connot find? Any ideas?

[@TheLearningsReport]

Hey D Ar, Yes, a few users have to do this. You can use "Revolut" as the back name and the Bank Account Number will be your IBAN. For us it starts with "LT" but may differ depending on what country your Revolut is in. - Cian

[@germangarcia9715]

Very useful and proffesional video, guys. Congrats!

[@TheLearningsReport]

Thanks, Germán! Glad you liked it and see you in the next one 👉 - Cian

[@PhilEntertainmentOne]

Worked like a charm! thanks a lot

[@valerirakov3124]

what did you add as Bank Account Number ?

[@TheLearningsReport]

Nice one, no worries!

[@TheLearningsReport]

​@@valerirakov3124 Are you asking for your personal account number (Revolut) or for Binance?

[@tk4680]

Great Tutorial Guys 👍 It saves me a lot of time and money 🤑 Thx 😁

[@TheLearningsReport]

Nice one, T K! That's what we love to hear! - Cian

[@dawidwysocki6652]

Very decent guide. Everything went excellent. Thanks for that :), sub and like actually hitted 💪🏻

[@TheLearningsReport]

Excellent, glad it all worked out smoothly. Welcome on board! - Cian

[@michakulik7928]

It, works! Money Was on the binance account something about 12 hours. Thanks Guys !!!

[@TheLearningsReport]

No worries Michal - hopefully will be a bit quicker for subsequent transfers! Thanks for letting us know. - Ste

[@onlinemarketing7956]

Thanks guys for sharing! Question: is free deposit payment available for USDT...?

[@TheLearningsReport]

Just for BUSD for this method but you can convert to USDT in the Binance app (100 BUSD = 99.90 USDT at the time of writing). - Cian

[@TheLearningsReport]

But if you're transferring USDT to Binance, you can also do that for free. But of course, you wouldn't be able to use Revolut for this. You would just need to withdraw your USDT from whatever wallet or exchange you purchased it on. It's worth noting though, that although Binance don't charge to deposit USDT, the exchange you're withdrawing from, likely will! For example, if the example was reversed and you wanted to move USDT from Binance to another exchange, you would need to pay a $1 withdrawal fee (minimal I know) to do so. Plus, you'd also want to include any trading fees you accumulated when acquiring the USDT in the first place. Again, it would still work out as very cheap I would imagine, but just worth noting! Binance fee page below as a reference: www.binance.com/en/fee/cryptoFee - Ste

[@onlinemarketing7956]

@@TheLearningsReport thanks buddy

[@onlinemarketing7956]

@@TheLearningsReport thanks mate

[@Justme_322]

Revolut free plan 1000$ limit is for 30 days ? Or when February comes after January the limit resets ?

[@TheLearningsReport]

You can check your ' refresh date' by clicking you profile image/icon, hit price plan, hit the 'exchange' box, and you'll see how many days are left before it resets. Don't think it's based on the 1st of each month, I think it's specific to each user (perhaps when they first set up the account?) For example, my reset date is the 25th of the month. - Ste

[@Justme_322]

@@TheLearningsReport thank you mate !! You are awesome ! My refresh rate is on 6 February , despite I made a deposit some days ago. So the refresh is happening on a specific date and not 30 days after the transactions

[@kristoferkraani4303]

Hope you don't mind me asking but how does the money get transfered from my revolut bank to binance? Is there a 3rd party where my money goes through before getting to my binance account?

[@TheLearningsReport]

Hey Kris - I don't know the finer details (you'd need to dig into Binance's ts&cs), but given that you're transferring to a Binance-linked bank account, my guess is that it's a bank-to-bank transfer, that Binance then uses to receive deposits and then link those to the relevant user's exchange account. I'll be frank with you though and say, this is a complete guess on my part, and the shorter answer is - I don't know exactly! - Ste

[@muhammadzainkhan5707]

Hi there, I forgot to put the reference code. Is there anything I can do now? Your help will be highly appreciated. Thanks

[@TheLearningsReport]

Hey Muhammad, Funds will either bounce and return to your account, or for some viewers, the funds have arrived regardless! So give it until Monday (as your first transfer could take a few days anyway, excluding weekends) and see how it goes. Let us know if it works out! - Cian

[@arnoldapplewhite3149]

When I try this Revolut asks for a sort code and not the BIC/SWIFT. Have they changed the app?

[@TheLearningsReport]

Could be a few reasons for this. Have you switched the tab to Cash/ Fiat? Do you have the recipient's address as the Seychelles one? Are you sending USD? - Cian

[@ahmedal-nabhani6726]

Thank you so much indeed for sharing these info. Just wondering if the county of receipt's bank is other than Seychelles (e.g., UK), would it be a problem? i.e., WHY EXACTLY HAVE YOU CHOSEN SEYCHELLES? Regards

[@TheLearningsReport]

Hey Ahmed, Glad you enjoyed the video and information! So, the beneficiary's address is based in the Seychelles and the recipient's address is in the US. This is how Binance has structured this bank account. I would avoid using the UK as it doesn't correlate to any of the details. If you have entered the details incorrectly and transferred, I reckon you should check with Binance to see if the funds either go through or will be refunded. Let us know how you get on! - Cian

[@ahmedal-nabhani6726]

@@TheLearningsReport Hi Cian- I have totally understand you 👌 It seems as a good alternative for someone who cannot use his/her own primary/main bank account 😉🙏 Cheers, Ahmed

[@TheLearningsReport]

For sure, Ahmed. :) Thanks again for watching and see you in the next one! 👉 - Cian

[@ammarhussain1267]

Really thorough video, thanks 👍

[@TheLearningsReport]

Thanks Ammar - appreciate it and glad it helped. - Ste

[@yannickgagnaux3088]

Thanks guys for the video. In Revolut I have two IBAN in the bank details. One local with a CH IBAN and one SWIFT with a GB IBAN. I presume that I have to indicate the SWIFT one in Binance. Correct? Thx

[@TheLearningsReport]

Hey Yannick. Interesting - haven't come across that before. And both can send USD outbound from your Revolut? In short, I'm not sure - but as long as the account you're sending from matches what's om Binance (and you're able to follow all the other instructions in the video correctly using that IBAN) then I don't see that it would be a problem? However, caveat, I can't say for sure so just to flag. I reckon go with the SWIFT one and trial it. Let us know how you get on! - Ste

[@yannickgagnaux3088]

@@TheLearningsReport I just tested this today after the weekend to avoid transaction fees. I used the SWIFT bank account details with a GB IBAN. I made the transfer in Revolut at 18:04 and the money arrived on my Binance account at 19:10 the same day!😮 The minimum deposit on Binance for Switzerland is also USD 50. Thanks again for the video, very useful!👌

[@TheLearningsReport]

@@yannickgagnaux3088 thanks a million for updating us, Yannick. Glad the money came through so quickly. We have a method for withdrawing coming later this week so watch this space. 👀 - Cian

[@goncalovalente0]

Is it extremely necessary use the revolut? Or I can use my personal account on National bank?

[@TheLearningsReport]

Hey Gonçalo, Not extremely necessary but you would just need to check that it is possible to transfer with National Bank and what the fees would be. The reason we use Revolut is because the fees are so low and you thus make a saving. Maybe check with your bank and see what the fees would come to - let us know how you get on! - Cian

[@ioakeim1456]

You only need to pay the 1.8% once unless you want to add more money right? Like u don't pay 1.8% every time u buy and sell crypto?

[@TheLearningsReport]

Yep correct, good clarification! Only when you're depositing the funds using the bank card option will you be charged the 1.8% fee. - Ste

[@Hurls]

Very informative lads - have you any concerns using Binance given the pressure they are under from regulators..? (e.g., FCA in the UK)

[@TheLearningsReport]

Heya Alan, Ste here - cheers for the comment. To be perfectly honest, I don't have any massive concerns but that may just be some naivety on my part! Although the regulation stuff is concerning, I do think Binance is here to stay and I'm currently happy to hold my funds with them. That being said, 90% + of my crypto holdings are on the platform, and perhaps that might not be the best risk management regardless of how things with Binance go! It does look like their leadership is making efforts to appease regulators, and their growth doesn't seem to be slowing down (I read they just secured permission for 3 offices in Dublin?) so I guess for now, and to answer your question directly, no I don't have too many concerns - at least not enough to jump ship. Famous last words... 😅 What about you? - Ste

[@Hurls]

@@TheLearningsReport Thanks Ste - great to hear about their new locations in Dublin that's positive. Funds currently split between Binance and Coinbase; however, most (60%) in cold storage. Good to have diversification! Keep up the great work.

[@TheLearningsReport]

@@Hurls Nice one, Alan - I like how you've structured. What cold storage do you use out of interest? Always interested to hear what services people are using.

[@Hurls]

@@TheLearningsReport Ledger Nano X.

[@williamcooper8559]

Lads, thanks for the video. Question.. On Binance, which Revolut bank account number did you enter? Was it your euro account number or USD account number?

[@TheLearningsReport]

Heya Will - for me they're both the same (i.e the account number is the same for both EUR and USD account(. Are yours different? - Ste

[@williamcooper8559]

@@TheLearningsReport 😲 ooh your right, my bad, sorry 😐

[@mounirsalah6565]

Mine doesn't have account number only Iban and Swift

[@TheLearningsReport]

In this scenario, your IBAN is your account number 👍🏻

[@TheLearningsReport]

All good!

[@mujammelhussain7642]

Hi. When I m gonna send money from REVOLUT it’s ask routing number ? I want what is it please ?🙏

[@TheLearningsReport]

Hi Mujammel, did you ensure that you switched to 'business' when selecting the account you wanted to send to? and also ensure that you switched to Seychelles? If the answer to the above is both 'yes', can you also confirm what country you are trying to send the funds from? Thanks! Ste

[@jrh3457]

Great Video. I just have one problem why this might not save money. When you buy USD on Revolut from the Uk you need to take the exchange rate into account. I've just done a transfer £77.42 = $100 but really £75.00 = $100. So you're losing 2.42% on the currency exchange. What are peoples thoughts on this, is it still worth it ?

[@TheLearningsReport]

Hey J R H, Thanks for clarifying. Are you exchanging in the app? I'm actually seeing an exchange rate of £75 = $100 on Revolut at the moment. Seems strange that you would get charged £77.42. 🤔 Revolut offer the real exchange rate to users up to a monthly limit (dependent on the country) so it should not differ from the actual exchange unless there is a fee above the limit. More info below: www.revolut.com/en-GR/legal/standard-fees - Cian - Cian

[@jonniejlo]

Nice one champs! worked. England in Dec 2021.

[@TheLearningsReport]

Cheers for letting us know, Jonnie - glad to hear it's still working for UK users! Happy trading. - Ste

[@lakshmimaha7153]

Thanks so much for this video.. This worked perfectly and saves me a lot of money.. Straight 1.8% profit on trade 👍

[@TheLearningsReport]

No worries, Lakshmi! Less fees, more gains. 👍