How To Avoid Binance 1.8% Card Deposit Fee Using Revolut

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The Learnings Report

The Learnings Report

Күн бұрын

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@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
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
@iiiiii8350 3 жыл бұрын
How can I contact you
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
@@iiiiii8350 Right here :)
@iiiiii8350
@iiiiii8350 3 жыл бұрын
@@TheLearningsReport Do you have a telegram or WA?
@markus_EU_AT
@markus_EU_AT 3 жыл бұрын
Something similar for withdrawals :)
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
@@iiiiii8350 Not currently, but will shout if we set one up 👍 Anything in particular you need help on?
@hacheman
@hacheman 3 жыл бұрын
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
@TheLearningsReport 3 жыл бұрын
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
@siccci
@siccci 3 жыл бұрын
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
@TheLearningsReport 3 жыл бұрын
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
@doubleot5023 3 жыл бұрын
@@TheLearningsReport j
@Haren94
@Haren94 3 жыл бұрын
Really strange, for me (Poland, EU) it appeared in Binance in 2-4 hrs from sending.
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
@@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
@TheLearningsReport 3 жыл бұрын
@@mg5672 I think you've missed the point of both the video, and the comment you're responding to.
@danielspatariu1555
@danielspatariu1555 3 жыл бұрын
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
@TheLearningsReport 3 жыл бұрын
Cheers, Daniel - glad you found it helpful!
@danielbaciu2421
@danielbaciu2421 3 жыл бұрын
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
@TheLearningsReport 3 жыл бұрын
@@danielbaciu2421 You're welcome!
@adi_dragomir
@adi_dragomir 3 жыл бұрын
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
@danielbaciu2421 3 жыл бұрын
@@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.
@desp0ina17
@desp0ina17 2 жыл бұрын
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 :)
@HenriqueJunior
@HenriqueJunior 3 жыл бұрын
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
@TheLearningsReport 3 жыл бұрын
Excellent, Henry, glad it worked for you and happy to help. We'd never turn down a free pint. 😏 - Cian
@gedotoole
@gedotoole 3 жыл бұрын
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
@TheLearningsReport 3 жыл бұрын
Nice one, Ged - appreciate you writing this as it certainly helps put other viewers at ease! Cheers - Ste
@greenhousefilms3927
@greenhousefilms3927 2 жыл бұрын
So this works in the UK?
@TheLearningsReport
@TheLearningsReport 2 жыл бұрын
@@greenhousefilms3927 yes, plenty of UK viewers have done it - you most likely just need to convert from GBP to USD. 👍
@vinokaransanthanayaki6095
@vinokaransanthanayaki6095 2 жыл бұрын
Can you please explain how to do this using Monzo account.
@Classic207
@Classic207 3 жыл бұрын
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
@TheLearningsReport 3 жыл бұрын
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
@Classic207 3 жыл бұрын
@@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
@shangaan77 2 жыл бұрын
@@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!
@PlukovnikJezevec
@PlukovnikJezevec 3 жыл бұрын
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
@TheLearningsReport 3 жыл бұрын
Glad it helped, Dearedh! More money for investing. 😎 - Cian
@cryptoandbitcoinsignals4458
@cryptoandbitcoinsignals4458 2 жыл бұрын
Gladly it helps
@cleberiack5840
@cleberiack5840 3 жыл бұрын
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
@TheLearningsReport 3 жыл бұрын
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
@namankumarsingh1575 3 жыл бұрын
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
@TheLearningsReport 3 жыл бұрын
@@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)
@roseannelolarga3516
@roseannelolarga3516 3 жыл бұрын
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
@TheLearningsReport 3 жыл бұрын
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
@cristinaionelaferu106 2 жыл бұрын
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?
@KatyaDanova-hw2dz
@KatyaDanova-hw2dz 2 жыл бұрын
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
@AleksandarBosnjak
@AleksandarBosnjak 3 жыл бұрын
MY GOD you guys are fenomenal , thank you gentleman' s! Short, direct and simple !!! Keep it up please !
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
No worries mate, glad it helped. Really appreciate the comment & cheers for watching! - Ste
@davidoconnell6996
@davidoconnell6996 3 жыл бұрын
Too many 🤡s out there giving overhyped information but these guys are straight to the point and accurate 👏
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
@@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 🙏
@15malachy
@15malachy 2 жыл бұрын
Great video guys, thank you! I’ve been paying the 1.8% fee for months
@seifchadi4287
@seifchadi4287 2 жыл бұрын
it still works ??
@jjandkfc8406
@jjandkfc8406 3 жыл бұрын
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
@TheLearningsReport 3 жыл бұрын
Nice one Mateusz, really appreciate the positive feedback and for sharing the channel with your mates. Great to have you along! - Ste
@agostinhoserra
@agostinhoserra 3 жыл бұрын
Worked perfectly... took 30 min to drop on Binance. Thank you guys! Cheers!!!
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
Thanks for letting us know, Agostinho - great to hear you got it quickly. Cheers! - Ste
@elliotalderson9801
@elliotalderson9801 3 жыл бұрын
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
@TheLearningsReport 3 жыл бұрын
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
@mblesc 3 жыл бұрын
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
@elliotalderson9801 3 жыл бұрын
​@@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
@mblesc 3 жыл бұрын
@@elliotalderson9801 I get the error as i described abowe. That usd transfer is not available in my country.
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
@@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
@РусланКаписъски Жыл бұрын
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
@Иллувиум 3 жыл бұрын
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
@TheLearningsReport 3 жыл бұрын
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
@dmtmak
@dmtmak 2 жыл бұрын
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!
@seancurran8108
@seancurran8108 3 жыл бұрын
Nice one, I was also coming to terms with the 1.8% but this is fantastic advice.
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
Nice one - happy savings!
@cryptoandbitcoinsignals4458
@cryptoandbitcoinsignals4458 2 жыл бұрын
Inbox me now for more details.
@MichaelGroenendijk
@MichaelGroenendijk Жыл бұрын
I never paid any fees at an atm or in a shop, I always check. Really happy with this card
@nenkonenov5031
@nenkonenov5031 3 жыл бұрын
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
@TheLearningsReport 3 жыл бұрын
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
@MartinRichtar
@MartinRichtar 3 жыл бұрын
Thank you so much guys! Saved my life .. and in the czech republic is also same minimum payment set to 50 $ ..
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
Excellent, Martin, glad it worked (and saved a life). Also, great to know the min deposit is the same in 🇨🇿 - Cian
@ilkinismailov4438
@ilkinismailov4438 3 жыл бұрын
What to enter as a Bank Name when adding Revolut account? Also what Revolut plan was used for that test?
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
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
@victor99gm32 3 жыл бұрын
@@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
@TheLearningsReport 3 жыл бұрын
@@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
@TheLearningsReport 3 жыл бұрын
Try 'Revolut' or 'Revolut Payments UAB' !
@Dr.CharlotteWilmas
@Dr.CharlotteWilmas 3 жыл бұрын
hi nice one so ple let me know best day for transfer is faster payment ?
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
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
@interstellar.overdrive
@interstellar.overdrive 3 жыл бұрын
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
@TheLearningsReport 3 жыл бұрын
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
@interstellar.overdrive 3 жыл бұрын
@@TheLearningsReport thanks for the reply and the detailed explanation! Cheers 😊
@marusz3045
@marusz3045 3 жыл бұрын
@@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
@TheLearningsReport 3 жыл бұрын
@@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
@marusz3045 3 жыл бұрын
@@TheLearningsReport I'm UK customer on Premium plan.
@confidencewithchloe8667
@confidencewithchloe8667 2 жыл бұрын
Fantastic guys! Just made my first transfer following your video. Nice one!
@TheLearningsReport
@TheLearningsReport 2 жыл бұрын
Cheers, Chloe - hope it all went smoothly! Thanks for watching
@jgdar
@jgdar 3 жыл бұрын
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
@TheLearningsReport 3 жыл бұрын
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!
@nonickz
@nonickz 2 жыл бұрын
min 4:58 , DON'T FORGET the reference part, i missed that part, and had my money lost in the transference... Binance Says never received the money and revolut says they send the money... almost a month have passed and i don't have the money yet
@TheLearningsReport
@TheLearningsReport 2 жыл бұрын
Hi André - sorry to hear that. It's worth noting that we've had a number of viewers also comment to say they forgot the reference code, and although we of course don't recommend missing it, most have reported that their funds still end up arriving? Have you contacted Binance to see what they say about the transfer?
@nonickz
@nonickz 2 жыл бұрын
@@TheLearningsReport after a full month the transfer was finaly completed, I was in contact with Revolut and Binance support all this time... and the proccess takes a lot of time.. so the best thing is to not forget the reference code. 😅
@TheLearningsReport
@TheLearningsReport 2 жыл бұрын
@@nonickz glad to hear it finally went through 😅 Appreciate the update, should be quicker the next time with the reference number. 👌 - Cian
@antoniofurtado7877
@antoniofurtado7877 3 жыл бұрын
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
@TheLearningsReport 3 жыл бұрын
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
@alessandroferraioli1582 3 жыл бұрын
Same here. How did it go ?
@alexkirilov9215
@alexkirilov9215 3 жыл бұрын
@@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
@TheLearningsReport 3 жыл бұрын
@@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
@utrlohan
@utrlohan 3 жыл бұрын
Fair play lads.. loving the content. Keep up the quality work
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
Appreciate it!
@Matt-bg5wg
@Matt-bg5wg 3 жыл бұрын
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
@TheLearningsReport 3 жыл бұрын
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
@MichaelMartin-lv6fs
@MichaelMartin-lv6fs 3 жыл бұрын
I was charged €0.30 for sending $50. Worked out about 0.67% fee. Better than 1.8%! Thanks lads.
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
Every little helps! Nice one.
@MichaelMartin-lv6fs
@MichaelMartin-lv6fs 3 жыл бұрын
@@TheLearningsReport Is the reference the same for each transaction from Revolut to Binance?
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
@@MichaelMartin-lv6fs yes, it is unique to your account so makes things way simpler going forward. 👍 - Cian
@nftdolphin5881
@nftdolphin5881 3 жыл бұрын
Thanks guys transferred US dollars from my US dollar balance zero fees 👍 I have a GB account
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
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
@channel36july
@channel36july 2 жыл бұрын
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
@TheLearningsReport 2 жыл бұрын
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
@1sport_editz994
@1sport_editz994 2 жыл бұрын
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
@TheLearningsReport 2 жыл бұрын
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
@1sport_editz994 2 жыл бұрын
@@TheLearningsReport Thank you very much for replying.
@nemethdaniel2000
@nemethdaniel2000 2 жыл бұрын
3:48 Is writing Binance to company name the correct thing? Shouldn't it be something else?
@TheLearningsReport
@TheLearningsReport 2 жыл бұрын
Hey Daniel, We used Binance, as did many other viewers, and it was all good. You can use the Key Vision name too but Binance works. 👍 - Cian
@nemethdaniel2000
@nemethdaniel2000 2 жыл бұрын
@@TheLearningsReport I really hope you're right. The transfer is completed on revolut but hasn't arrived to binance Edit: I have my money, ty for your help
@TheLearningsReport
@TheLearningsReport 2 жыл бұрын
@@nemethdaniel2000 No worries, Dan - it can be a bit nerve racking for the first transfer while waiting :)
@isamalik2696
@isamalik2696 3 жыл бұрын
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
@TheLearningsReport 3 жыл бұрын
Hey Isa, You can use your IBAN, probably starts with GB. 👍 - Cian
@rohans5743
@rohans5743 3 жыл бұрын
Brilliant lads - thanks a lot! Handy since I use Revolut too :D
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
Nice one, Rohan. It's a handy workaround! - Cian
@jocollo979
@jocollo979 3 жыл бұрын
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
@TheLearningsReport 3 жыл бұрын
Thanks for letting us know, Jose - now we can add Spain to our list of countries that the method works, cheers. - Ste
@TechfyFinance
@TechfyFinance 3 жыл бұрын
I love the way you guys coordinate, NICE video!
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
Thanks! Sorry for some reason your comment got flagged as spam and literally only approving it now. Cheers for watching - Ste
@vlad-andreilupu1103
@vlad-andreilupu1103 3 жыл бұрын
Much love from Romania! Very helpful!
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
No worries, Vlad!
@cipri4737
@cipri4737 3 жыл бұрын
salut Vlad, cat tim a durat pan ti au intrat fonduriile pe Binance? merci fain!
@vladlupu9866
@vladlupu9866 3 жыл бұрын
@@cipri4737 cateva ore
@cipri4737
@cipri4737 3 жыл бұрын
@@vladlupu9866 merci de raspuns!
@r7eagle_
@r7eagle_ 3 жыл бұрын
Thanks guys. I have been searching for a way to reduce the fees that US banks charge for bank transfers.
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
Glad to help, R7eagle! Hope it saves you some money. - Cian
@neoniki30
@neoniki30 3 жыл бұрын
This worked for me in Bulgaria perfectly! Thank you guys!
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
Thank you for letting us know! Bulgaria another one to add to the successful list 👍 - Ste
@neoniki30
@neoniki30 3 жыл бұрын
@@TheLearningsReport no problem, thanks again for sharing!
@nikolaykostov8587
@nikolaykostov8587 3 жыл бұрын
Здравей, колко време ти отне преводът?
@neoniki30
@neoniki30 3 жыл бұрын
@@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
@nikolaykostov8587 3 жыл бұрын
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
@dorinmosud9989
@dorinmosud9989 3 жыл бұрын
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
@TheLearningsReport 3 жыл бұрын
Hey Dorin, If you're sending USD from your USD account, we would recommend using that. 👌 - Cian
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
Our example is a SWIFT transfer, so it's more than likely that option!
@RecCTyranno
@RecCTyranno 3 жыл бұрын
Most countries don't have any minimum for depositing afaik. You can even depoist 0.10cents if you want.
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
Interesting. We didn't have any minimums when SEPA payments were allowed, but using this USD method (in Ireland anyway) the minimum is $50. Most of our viewers have reported the same it seems? Where are you based out of interest? - Ste
@RecCTyranno
@RecCTyranno 3 жыл бұрын
@@TheLearningsReport Ah I understand, sorry I didn't understand that this specific method had a minimum. I'll check it out and report back. I'm from Portugal. I have deposited several times to other EU and non EU banks but never using another currency, maybe that's where the minimum comes from.
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
@@RecCTyranno Welcome to the channel!
@PhilEntertainmentOne
@PhilEntertainmentOne 3 жыл бұрын
Worked like a charm! thanks a lot
@valerirakov3124
@valerirakov3124 3 жыл бұрын
what did you add as Bank Account Number ?
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
Nice one, no worries!
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
​@@valerirakov3124 Are you asking for your personal account number (Revolut) or for Binance?
@thechamptube2429
@thechamptube2429 2 жыл бұрын
Hey guys great video, could you tell me how much time this transaction takes on average?
@TheLearningsReport
@TheLearningsReport 2 жыл бұрын
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
@80marecki
@80marecki 3 жыл бұрын
Thanks for this video I transferred GBP took about 7 days thanks guys.
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
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
@joahlnaik4701
@joahlnaik4701 3 жыл бұрын
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
@TheLearningsReport 3 жыл бұрын
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
@patrykada3420
@patrykada3420 2 жыл бұрын
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
@TheLearningsReport 2 жыл бұрын
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
@d4nnyth3dog
@d4nnyth3dog Жыл бұрын
At 2:42 where it shows Binance’s bank account details, on my screen it is asking me to input my bank details, I have followed the video thus far but am unable to continue, can someone kindly tell me how to overcome this please?
@michalroesler
@michalroesler 3 жыл бұрын
It works just fine. Money are on Binance within 30-40 minutes.
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
Cheers Michal - thanks for following up and letting us know. Helpful for everyone else to see!
@alintihan1077
@alintihan1077 3 жыл бұрын
I applicafe this method today at 00:13 and it s 09:40 and the transaction is still waiting, but my money gone, is that ok?
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
Hey Alin - your first transfer can take between 3-5 business days! So sit tight and if you followed all the steps correctly, your funds should arrive without an issue 👍🏻 Subsequent transfers will likely be a lot quicker. - Ste
@michakulik7928
@michakulik7928 3 жыл бұрын
It, works! Money Was on the binance account something about 12 hours. Thanks Guys !!!
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
No worries Michal - hopefully will be a bit quicker for subsequent transfers! Thanks for letting us know. - Ste
@Justme_322
@Justme_322 3 жыл бұрын
Revolut free plan 1000$ limit is for 30 days ? Or when February comes after January the limit resets ?
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
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
@Justme_322 3 жыл бұрын
@@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
@TriviuMetal
@TriviuMetal 2 жыл бұрын
I'm stuck at 3:35 cant change it from Seychells, its locked and says contries dont match
@TheLearningsReport
@TheLearningsReport 2 жыл бұрын
Hey Bruno, Hmm, did you switch to the business tab in Revolut? And ensure that all the details matched the bank details given by Binance? - Cian
@TriviuMetal
@TriviuMetal 2 жыл бұрын
@@TheLearningsReport yes, everything was matching, tried again today and it worked. The only difference is I created a bank recipient before I pressed "Send"
@TheLearningsReport
@TheLearningsReport 2 жыл бұрын
Interesting ok - glad it worked regardless and thanks for the explanation!
@hamedhaji5618
@hamedhaji5618 3 жыл бұрын
Hi, why binance in company name field ? that supose to be : Key vision Development limited ? or does'nt matter ?
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
Hey Hamed, We used Binance and it worked so I think Binance is good to use. 👍 - Cian
@azb3043
@azb3043 3 жыл бұрын
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
@TheLearningsReport 3 жыл бұрын
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
@KrissyIzzy
@KrissyIzzy 3 жыл бұрын
After entering amount and confirming , next window pop up with Bank Name and Account Number , does any one know what to enter ? That is not covered in this video , Tyy
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
Hi Kirstijan - Assume you're referring to adding your Revolut account to Binance? Bank Name: Revolut or Revolut Payments UAB Account #: For us, this is our IBAN (starts with LT for us as account is in Lithuania, but your IBAN may start with something else) - Ste
@jonniejlo
@jonniejlo 3 жыл бұрын
Nice one champs! worked. England in Dec 2021.
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
Cheers for letting us know, Jonnie - glad to hear it's still working for UK users! Happy trading. - Ste
@vaniajonas5731
@vaniajonas5731 3 жыл бұрын
Thank you for the Informative Video. Does this "method" goes the same with crypto transfer from revolut to binance?
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
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
@vaniajonas5731 3 жыл бұрын
@@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!
@junzytech5450
@junzytech5450 3 жыл бұрын
Hi on Monzo it's says sort code is that the same as swift
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
Hey Junzy - No pretty sure they're not (I also want to be careful and not cause you some problems by giving you false info!). I know a couple of other viewers had some trouble with Monzo because of this issue I believe. I haven't tried with Monzo, but is there any way around this blocker (in terms of say switching the sending from a personal to business account, like what we do on Revolut?). It may be worth dropping Monzo a quick message to confirm on their end if it's possible. Please let us know if you can figure it out! If you scroll through comments below, you may be able to find some of the threads with other Monzo users. I had a look briefly there, but the comments are from a few weeks ago so you may have to dig a little. - Ste
@yalcintasci2298
@yalcintasci2298 3 жыл бұрын
Hello Folks, I sent the cash night 01:53 and Revolut confirmed morning at 10:11 that received by recipient's bank. But not reflected on my Binance account as of 15:15. is that all right? Btw, beneficiary name as Binance is fine, right? Because in instruction it was written "Key Division ......" as beneficiary name.
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
Hey Yalcin - your first transfer can take between 3-5 business days (and as you sent on Friday, the transfer will likely only start processing properly on Monday). I'd give it until late next week before contacting Binance to see where the funds are! If you followed all the steps correctly, there shouldn't be an issue, and the funds may arrive sooner than the 3-5 day window. Subsequent transfer after your first one are usually a lot quicker. When you say beneficiary name, as you can see in the video, we add Binance for Company name - we weren't asked for beneficiary name. Some people have reported that they added Key Vision as the company name, but we haven't had any issues using 'Binance' as the 'company name' option. In short, I wouldn't be too concerned - just give it a few days 👍 - Ste
@yalcintasci2298
@yalcintasci2298 3 жыл бұрын
@@TheLearningsReport Thanks a lot for detailed explanation. It worked perfectly in next working day.
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
@@yalcintasci2298 ​ Glad to hear it, Yalcin! No worries.
@PewMeowPaw
@PewMeowPaw 2 жыл бұрын
Omg, pop up as reccomended after i P2P :D. gonna try it thank you
@TheLearningsReport
@TheLearningsReport 2 жыл бұрын
Nice one! Let us know how you get on. - Cian
@bucharestred
@bucharestred 3 жыл бұрын
when you transfer from Bitcoin into the Binance Card funding wallet ... does the Bitcoin remain as Bitcoin or sold for USD
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
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 👍
@aledia05
@aledia05 3 жыл бұрын
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
@TheLearningsReport 3 жыл бұрын
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
@thecompunity5194
@thecompunity5194 2 жыл бұрын
Just a quick question regarding taxes ... We incur tax when we change from one crypto to another, so when we buy any coin from BUSD won't it attract taxes?
@TheLearningsReport
@TheLearningsReport 2 жыл бұрын
Hey The Compunity, Good question - what country are you based in? For the majority of countries, you get charged Capital Gains Tax when you make a gain. Assuming it's this Tax in your country and given that BUSD is a stablecoin and tied to USD, you won't make a gain on that coin when changing to the crypto. You may make subsequent gains with the cryptos you purchase but not in this transaction. - Cian
@thecompunity5194
@thecompunity5194 2 жыл бұрын
@@TheLearningsReport I am based in Ireland..
@TheLearningsReport
@TheLearningsReport 2 жыл бұрын
@@thecompunity5194 Then yeah, you can most likely treat BUSD simply like it's fiat currency - so you shouldn't create any taxable events simply by using it
@michaelharris2086
@michaelharris2086 3 жыл бұрын
Thanks for the vid. I have a question though - Can you withdraw from Binance to Revolut the same way? cheers
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
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
@abelabrham1274
@abelabrham1274 3 жыл бұрын
How can transaction money from Revolt to Coin-base. Can you show us please.
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
Hey Abel - Link below should help! It's probably a little to short to do a video on, but hopefully this explains the steps clearly for you. community.revolut.com/t/sending-euros-from-revolut-to-coinbase/20587
@DJI-DroneGuy
@DJI-DroneGuy 3 жыл бұрын
awesome guys ! works a treat👍
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
Happy days! Glad it helped & cheers for watching. - Ste
@nikolinahukelj9762
@nikolinahukelj9762 3 жыл бұрын
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
@TheLearningsReport 3 жыл бұрын
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
@mujammelhussain7642
@mujammelhussain7642 2 жыл бұрын
Hi. When I m gonna send money from REVOLUT it’s ask routing number ? I want what is it please ?🙏
@TheLearningsReport
@TheLearningsReport 2 жыл бұрын
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
@lorenzl.baerfuss2159
@lorenzl.baerfuss2159 2 жыл бұрын
Awesome content, gents! Thanks! Saved me a lot of cash...
@TheLearningsReport
@TheLearningsReport 2 жыл бұрын
Delighted you find it helpful, Lorenz! More cash for investing! - Cian
@jamesblunt3093
@jamesblunt3093 3 жыл бұрын
In Poland it only shows me three options: bank card / Advcash / p2p bank transfer. Do i have to add Revolut through the method "bank card"?
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
Did you make sure you're trying to send USD and not EUR? It sounds like you may not have, but I could be very wrong. Make sure you switch to the Fiat/Cash tab, search USD and send USD directly. If you followed this step and those are still only the three options available to you, then I'm not sure!
@cryptoandbitcoinsignals4458
@cryptoandbitcoinsignals4458 2 жыл бұрын
Thanks for the information
@aliendkk
@aliendkk 3 жыл бұрын
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
@TheLearningsReport 3 жыл бұрын
Hey Ahmad, Good question and apologies for the confusion. We used Binance and it worked so I think Binance is OK. 👍 - Cian
@aliendkk
@aliendkk 3 жыл бұрын
@@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
@TheLearningsReport 3 жыл бұрын
@@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
@spirittravels.
@spirittravels. 11 ай бұрын
Thanks. This USD option is not available. Is there another possibility with Revolut now?
@tzap9001
@tzap9001 3 жыл бұрын
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
@TheLearningsReport 3 жыл бұрын
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
@MikeHudsontek
@MikeHudsontek 2 жыл бұрын
Thanks but Revolut asks for a 'Routing Number' which Binance doesn't supply - at least, I can't see it
@TheLearningsReport
@TheLearningsReport 2 жыл бұрын
Sorry for the late response - big summer off! Did you switch to 'business' and also ensure you changed the country location correct?
@shangaan77
@shangaan77 2 жыл бұрын
Really helped, thanks Gents - going to save a ton in fees. 🤜🤛
@garyatkins3758
@garyatkins3758 3 жыл бұрын
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
@TheLearningsReport 3 жыл бұрын
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
@ammarhussain1267
@ammarhussain1267 3 жыл бұрын
Really thorough video, thanks 👍
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
Thanks Ammar - appreciate it and glad it helped. - Ste
@ignassakas6035
@ignassakas6035 3 жыл бұрын
good video, small tip first try to send small amount and if you don't make mistake and can check you binance acount money go in, send more next time , if you make mistake in some filling spots you lose small amout of money
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
Hey Ignas, Great tip on sending a small amount first to ensure all the details are right for viewers and the money lands. Note, however, usually if people make a mistake, the money will be returned to them by Binance. We haven't heard of anyone losing any money yet. - Cian
@supermum3435
@supermum3435 2 жыл бұрын
Thank you for the info. Much appreciated ^^
@waynesanderson9237
@waynesanderson9237 3 жыл бұрын
Great video guys 👍🏻 question do I need to exchange GBP to USD in order to do the transfer
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
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
@AnandYadav-re3wh
@AnandYadav-re3wh 3 жыл бұрын
I was looking for this video from long ..thnkss 😭 alot guys..
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
No worries, Anand! Glad it helped 👍
@radu_sirbu
@radu_sirbu 3 жыл бұрын
I was looking for days for a way to get around the card deposit method due to that 1.8% commission. You saved my day. I have an account on Revolut and, all this time, I did not think of the possibility of a dollar transfer via Revolut. Question: What do you do if you want to withdraw money? Isn't there a dollar withdrawal fee?
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
Thanks Radu! Glad it helped. We actually just published a video with a method of withdrawing your funds without the withdrawal fee (but do note that as far as we can tell, this only works for Euro). So you can deposit for free with USD, but withdrawing directly to Revolut will likely need to you to pay the fee. We suggest ordering a free Binance card and linking that to Revolut - that works for us as a way of avoiding withdrawal fee! Check out the video we just published for more 👍 - Ste
@radu_sirbu
@radu_sirbu 3 жыл бұрын
@@TheLearningsReport Thanks for the tip
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
All good!
@adi_dragomir
@adi_dragomir 3 жыл бұрын
What should I write for bank name and account number (Add Account Information on Binance App). Revolut gives only an IBAN and a BIC code for Euro or Usd (currencies I have on Revolut)
@tk4680
@tk4680 3 жыл бұрын
Great Tutorial Guys 👍 It saves me a lot of time and money 🤑 Thx 😁
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
Nice one, T K! That's what we love to hear! - Cian
@elaineross9365
@elaineross9365 3 жыл бұрын
Great video guys thanks!
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
Glad you enjoyed it, Elaine! More money saved to invest! - Cian
@pedromuniz5247
@pedromuniz5247 11 ай бұрын
Hello, what happens if you stay with the Seychelles adress instead of the US adress?
@ZCrypto-h9k
@ZCrypto-h9k 5 ай бұрын
is the process still the same in 2024? im trying to deposit EUROs. thanks
@XdekHckr
@XdekHckr 2 жыл бұрын
Do i choose SHA or something other (BEN, OUR)?
@TheLearningsReport
@TheLearningsReport 2 жыл бұрын
Hey - Can you elaborate? Little lost as to what you're referring to here! 😅
@Mike_EOD
@Mike_EOD 3 жыл бұрын
Is there any benefit from going to euro-BUSD? Cant you just add it to Binance as euros? Or in my case GBP?
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
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
@lakshmimaha7153
@lakshmimaha7153 3 жыл бұрын
Thanks so much for this video.. This worked perfectly and saves me a lot of money.. Straight 1.8% profit on trade 👍
@TheLearningsReport
@TheLearningsReport 3 жыл бұрын
No worries, Lakshmi! Less fees, more gains. 👍
@AteGheeTVMakingLifeBetter
@AteGheeTVMakingLifeBetter 2 жыл бұрын
thank you for sharing 'my country is not supported in SEPA payment in Binance so I tried also Revolut sadly still not supported 😪kindly some alternative payment to Binance
@bogdanirimia492
@bogdanirimia492 2 жыл бұрын
Hello, why you fill at the name “Binance”and not “Key Vision Development Limited” or “Signature Bank”
@TheLearningsReport
@TheLearningsReport 2 жыл бұрын
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
@dawidwysocki6652
@dawidwysocki6652 2 жыл бұрын
Very decent guide. Everything went excellent. Thanks for that :), sub and like actually hitted 💪🏻
@TheLearningsReport
@TheLearningsReport 2 жыл бұрын
Excellent, glad it all worked out smoothly. Welcome on board! - Cian
@yannickgagnaux3088
@yannickgagnaux3088 3 жыл бұрын
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
@TheLearningsReport 3 жыл бұрын
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
@yannickgagnaux3088 3 жыл бұрын
@@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
@TheLearningsReport 3 жыл бұрын
@@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
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