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 👇
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
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
@@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
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!
@@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.
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.
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
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 👍🥂
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
@@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 🙏
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 :)
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
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 👍
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
@@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
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!
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
@@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.
@@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!
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?
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
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.
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!
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
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: ruclips.net/video/HZ1StqSfEaE/видео.html - Crypto Investing in Ireland: ruclips.net/video/UzgRgmtGq9g/видео.html - Crypto Staking in Ireland: ruclips.net/video/ah8fG2b05SY/видео.html Hope this helps! - Cian
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
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.
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.
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.
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
@@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
@@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
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
@@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?
@@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!
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
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?
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
@@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.
@@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
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!
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.
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
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
@@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)
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
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 🇬🇧
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
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
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
@@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.
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: ruclips.net/video/2paBlFMm7hw/видео.html - Cian
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
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
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
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
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
@@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
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
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?
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
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)
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?
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. ruclips.net/video/2paBlFMm7hw/видео.html
Hello bro Thank you for this video Actually it is not working in new Zealand so do you have some another solution to add money in binance with zero fees
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 !
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
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: ruclips.net/video/2paBlFMm7hw/видео.html - Ste
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
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
@@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!
Cheers, Thomas! Yeah we actually just published a video outlining a method using the Binance Visa Card. Link below if you're interested 👍 ruclips.net/video/2paBlFMm7hw/видео.html - Ste
@@ageoftiktok For your first transfer it might take a couple of days, unfortunately. It varies for each user! Some of our viewers have had to wait 2-3 days (reminder - transfer won't go through on a weekend) and some get it with in an hour or so. Just sit tight for now! - Ste
And I have such a problem guys. When replenishing the binance gives an error, the payment is rejected. Wrote to the support service say that For security reasons cancel the payment
At what point of the video are you seeing this happen? Could you share the timestamp? Also, what country are you based in? Binance has suspended USD Swift payments in certain countries. - Cian
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 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!
@@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
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
@@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.
@@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.
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!
Hey Resolute, Thanks for watching. OK, interesting. I had a quick scan on the N26 website and it says you can transfer in 38 currencies inc. USD, however, looks like there will be fees. Are you referring to the method not working because it doesn't make sense with the fees? We've had some viewers who have had trouble transferring with N26 so we'd love to understand the process better. Do you have Revolut also? - Cian
@@TheLearningsReport I am referring to that you are not able to choose USD as a currency of your balance in N26 which is what you need to avoid currency convertion and to avoid the Binance fee. Yes I am a Revolut user as well.
@@Resolutelt got it, would need to compare the fees of sending on N26 to the 1.8% fee to see if it is worth it fir N26 only users. Thanks for letting us know and hope it worked out fir you on Revolut. 👍 - Cian
Hey hey. Thanks a lot for this direct and simple video. Can I ask what's the advantage in choosing to deposit fiat in Binance with USD and not in EURO? I see everyone doing, including you guys that are from Ireland where the currency is EURO, but I can't really figure out why. Thanks in advance!
Hey - you're welcome and thanks for the Q. So due to SEPA deposits being suspended (which were free), Binance now charge a 1.8% deposit fee if you send EURO to Binance. By sending USD, you don't need to pay this fee, hence why we suggest the method. If/when SEPA deposits return, then the method should no longer be necessary! - Ste
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?
Interesting. We didn't have any minimums when SEPA payments were allowed, but using this USD method (in Ireland anyway) the minimum is $50. Most of our viewers have reported the same it seems? Where are you based out of interest? - Ste
@@TheLearningsReport Ah I understand, sorry I didn't understand that this specific method had a minimum. I'll check it out and report back. I'm from Portugal. I have deposited several times to other EU and non EU banks but never using another currency, maybe that's where the minimum comes from.
Just tried sending 50$ on a Sunday :) however it doesn’t show in the BINANCE’s Z cash deposit history ? Normally would be there saying processing 👀let’s wait till tomorrow and see … thanks for the content guys
Hi Engin - Yeah I usually wouldn't recommend sending on the weekend as things can get delayed. Some of our viewers have said their first transfer can take up to 3-4 days, so I'd sit tight for a few days to wait and see! Contact Binance after that if you still see nothing. Keep us posted how things go! - Ste
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
Hi! I made the transfer from revolut to Binance .. This morning I received the notification from revolut that the transfer has arrived at the beneficiary's bank but there are no funds on binance yet .. I checked and the data entered are correct .. I have to wait again ? Thank you
Hi Mattia - I also made a transfer yesterday, but as it's Thanksgiving I assume that is what is causing the delay. It may arrive today, or we may need to wait until next week! - Ste
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
Nice way. But since 23.01.2023 SWIFT to Binance are band for huge amount of countries. I figure it out only after depositing to Revolut 😑 So, check first, if your country supported.
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?
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
Thanks for the video. I followed your video and made a transfer, it has been already 24h and in my bank it is marked as received by the other bank but it is not in binance. Even if I selected beneficiary account Seichelles and beneficiary address in States, when I do the transfer says beneficiary is in States like in your video. I hope is fine and I dont lose the 200 dollars I sent.
Hey Frederico, Thanks for watching. The first transfer usually takes between 3-5 working days (not including weekends) if you followed the steps correctly, subsequent transfers after should take less time. Hang steady and it should arrive soon. 👍 - Cian
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
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 👇
How can I contact you
@@iiiiii8350 Right here :)
@@TheLearningsReport Do you have a telegram or WA?
Something similar for withdrawals :)
@@iiiiii8350 Not currently, but will shout if we set one up 👍 Anything in particular you need help on?
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
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
@@TheLearningsReport j
Really strange, for me (Poland, EU) it appeared in Binance in 2-4 hrs from sending.
@@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
@@mg5672 I think you've missed the point of both the video, and the comment you're responding to.
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!
Cheers, Daniel - glad you found it helpful!
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!
@@danielbaciu2421 You're welcome!
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!
@@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.
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.
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
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 👍🥂
Nice one, Ged - appreciate you writing this as it certainly helps put other viewers at ease! Cheers
- Ste
So this works in the UK?
@@greenhousefilms3927 yes, plenty of UK viewers have done it - you most likely just need to convert from GBP to USD. 👍
Can you please explain how to do this using Monzo account.
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.
Excellent, Henry, glad it worked for you and happy to help.
We'd never turn down a free pint. 😏
- Cian
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!
Glad it helped, Dearedh! More money for investing. 😎
- Cian
Gladly it helps
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!! :)
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
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?
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
MY GOD you guys are fenomenal , thank you gentleman' s! Short, direct and simple !!! Keep it up please !
No worries mate, glad it helped. Really appreciate the comment & cheers for watching!
- Ste
Too many 🤡s out there giving overhyped information but these guys are straight to the point and accurate 👏
@@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 🙏
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 :)
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
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 👍
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
@@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!
@@elliotalderson9801 I get the error as i described abowe. That usd transfer is not available in my country.
@@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
Great video guys, thank you! I’ve been paying the 1.8% fee for months
it still works ??
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 🔥
Nice one Mateusz, really appreciate the positive feedback and for sharing the channel with your mates. Great to have you along!
- Ste
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!
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
@@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.
@@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!
Nice one, I was also coming to terms with the 1.8% but this is fantastic advice.
Nice one - happy savings!
Inbox me now for more details.
I never paid any fees at an atm or in a shop, I always check.
Really happy with this card
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?
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
It works just fine. Money are on Binance within 30-40 minutes.
Cheers Michal - thanks for following up and letting us know. Helpful for everyone else to see!
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.
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!
I was charged €0.30 for sending $50. Worked out about 0.67% fee. Better than 1.8%! Thanks lads.
Every little helps! Nice one.
@@TheLearningsReport Is the reference the same for each transaction from Revolut to Binance?
@@MichaelMartin-lv6fs yes, it is unique to your account so makes things way simpler going forward. 👍
- Cian
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
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: ruclips.net/video/HZ1StqSfEaE/видео.html
- Crypto Investing in Ireland: ruclips.net/video/UzgRgmtGq9g/видео.html
- Crypto Staking in Ireland: ruclips.net/video/ah8fG2b05SY/видео.html
Hope this helps!
- Cian
Thanks guys transferred US dollars from my US dollar balance zero fees 👍 I have a GB account
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
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.
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
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.
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.
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
@@TheLearningsReport thanks for the reply and the detailed explanation! Cheers 😊
@@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
@@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
@@TheLearningsReport I'm UK customer on Premium plan.
Worked perfectly... took 30 min to drop on Binance. Thank you guys!
Cheers!!!
Thanks for letting us know, Agostinho - great to hear you got it quickly. Cheers!
- Ste
What to enter as a Bank Name when adding Revolut account? Also what Revolut plan was used for that test?
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
@@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?
@@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!
Try 'Revolut' or 'Revolut Payments UAB' !
hi nice one so ple let me know best day for transfer is faster payment ?
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
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?
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
Same here. How did it go ?
@@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.
@@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
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!
Thank you so much guys! Saved my life .. and in the czech republic is also same minimum payment set to 50 $ ..
Excellent, Martin, glad it worked (and saved a life). Also, great to know the min deposit is the same in 🇨🇿
- Cian
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.
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
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
@@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)
Thanks for this video I transferred GBP took about 7 days thanks guys.
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
Fair play lads.. loving the content. Keep up the quality work
Appreciate it!
Thanks guys. I have been searching for a way to reduce the fees that US banks charge for bank transfers.
Glad to help, R7eagle! Hope it saves you some money.
- Cian
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 🇬🇧
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
It, works! Money Was on the binance account something about 12 hours. Thanks Guys !!!
No worries Michal - hopefully will be a bit quicker for subsequent transfers! Thanks for letting us know.
- Ste
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
Thanks for letting us know, Jose - now we can add Spain to our list of countries that the method works, cheers.
- Ste
Brilliant lads - thanks a lot! Handy since I use Revolut too :D
Nice one, Rohan. It's a handy workaround!
- Cian
Thanks so much for this video.. This worked perfectly and saves me a lot of money.. Straight 1.8% profit on trade 👍
No worries, Lakshmi! Less fees, more gains. 👍
Hey guys great video, could you tell me how much time this transaction takes on average?
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
Omg, pop up as reccomended after i P2P :D.
gonna try it
thank you
Nice one! Let us know how you get on.
- Cian
Fantastic guys! Just made my first transfer following your video. Nice one!
Cheers, Chloe - hope it all went smoothly! Thanks for watching
I love the way you guys coordinate, NICE video!
Thanks! Sorry for some reason your comment got flagged as spam and literally only approving it now. Cheers for watching
- Ste
This worked for me in Bulgaria perfectly! Thank you guys!
Thank you for letting us know! Bulgaria another one to add to the successful list 👍
- Ste
@@TheLearningsReport no problem, thanks again for sharing!
Здравей, колко време ти отне преводът?
@@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.
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
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 💷
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: ruclips.net/video/2paBlFMm7hw/видео.html
- Cian
Nice one champs! worked. England in Dec 2021.
Cheers for letting us know, Jonnie - glad to hear it's still working for UK users! Happy trading.
- Ste
Great Tutorial Guys 👍
It saves me a lot of time and money 🤑
Thx 😁
Nice one, T K! That's what we love to hear!
- Cian
Worked like a charm! thanks a lot
what did you add as Bank Account Number ?
Nice one, no worries!
@@valerirakov3124 Are you asking for your personal account number (Revolut) or for Binance?
Very decent guide. Everything went excellent. Thanks for that :), sub and like actually hitted 💪🏻
Excellent, glad it all worked out smoothly. Welcome on board!
- Cian
Thanks a lot, guys! This works great for me. Happy New Year and keep up the good work!🎄🎇
Cheers, Ferenczy - you too! Glad it helped.
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
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
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
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
Really thorough video, thanks 👍
Thanks Ammar - appreciate it and glad it helped.
- Ste
Revolut free plan 1000$ limit is for 30 days ?
Or when February comes after January the limit resets ?
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
@@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
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?
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
Thanks for the information
thank you guys!!! fianlly actually helpful crypto video
Glad you found it useful!
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?
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
@@TheLearningsReport Thanks for the tip
All good!
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)
Thank you for the info. Much appreciated ^^
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?
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.
ruclips.net/video/2paBlFMm7hw/видео.html
@@TheLearningsReport Thanks a lot for this. Great job fellaz!
Very useful and proffesional video, guys. Congrats!
Thanks, Germán! Glad you liked it and see you in the next one 👉
- Cian
Much love from Romania! Very helpful!
No worries, Vlad!
salut Vlad, cat tim a durat pan ti au intrat fonduriile pe Binance? merci fain!
@@cipri4737 cateva ore
@@vladlupu9866 merci de raspuns!
I was looking for this video from long ..thnkss 😭 alot guys..
No worries, Anand! Glad it helped 👍
Really helped, thanks Gents - going to save a ton in fees. 🤜🤛
Hello bro
Thank you for this video
Actually it is not working in new Zealand so do you have some another solution to add money in binance with zero fees
Hey Viren - can you elaborate? Curious at what stage the method stops working for you. Cheers!
@@TheLearningsReport" we have experienced unpredicted demand for our beta release in New Zealand. We look forward to welcoming more customers soon"
@@virenpatel5062 Wait so Binance in general isn't available? Or are you trying to order a card? What confuses me is when you say 'release'.
- Ste
Awesome content, gents! Thanks! Saved me a lot of cash...
Delighted you find it helpful, Lorenz! More cash for investing!
- Cian
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 !
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
Thanks for the vid. I have a question though - Can you withdraw from Binance to Revolut the same way? cheers
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: ruclips.net/video/2paBlFMm7hw/видео.html
- Ste
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?
Hey Isa,
You can use your IBAN, probably starts with GB. 👍
- Cian
Great video guys 👍🏻 question do I need to exchange GBP to USD in order to do the transfer
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
Thank you for amazing tutorial! Definitely subscribing to your chanel!
Great to have you on board - see you in the next one. 😎
- Cian
Thank you for the Informative Video. Does this "method" goes the same with crypto transfer from revolut to binance?
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
@@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!
Great video. And for the other way around, to withdraw euro from Binance, is there a similar trick ?
Cheers, Thomas! Yeah we actually just published a video outlining a method using the Binance Visa Card. Link below if you're interested 👍
ruclips.net/video/2paBlFMm7hw/видео.html
- Ste
awesome guys ! works a treat👍
Happy days! Glad it helped & cheers for watching.
- Ste
Very usefull. exactly what i needed, thanks
Excellent, Age of TikTok, glad you found it useful. 👍
- Cian
@@TheLearningsReport do you have any idea how long it takes to see the money in binance ? i quite unpatient
@@ageoftiktok For your first transfer it might take a couple of days, unfortunately. It varies for each user! Some of our viewers have had to wait 2-3 days (reminder - transfer won't go through on a weekend) and some get it with in an hour or so. Just sit tight for now!
- Ste
And I have such a problem guys. When replenishing the binance gives an error, the payment is rejected. Wrote to the support service say that For security reasons cancel the payment
At what point of the video are you seeing this happen? Could you share the timestamp?
Also, what country are you based in? Binance has suspended USD Swift payments in certain countries.
- Cian
Great video guys thanks!
Glad you enjoyed it, Elaine! More money saved to invest!
- Cian
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?
Hey Ahmad,
Good question and apologies for the confusion. We used Binance and it worked so I think Binance is OK. 👍
- Cian
@@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!
@@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
Very informative lads - have you any concerns using Binance given the pressure they are under from regulators..? (e.g., FCA in the UK)
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
@@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.
@@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.
@@TheLearningsReport Ledger Nano X.
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!
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
Thank you, Great Tip!
Thanks for watching, Ryan! 👍
Great video folks! N26 would not do it, as it is EUR only payment processor.
Hey Resolute,
Thanks for watching.
OK, interesting. I had a quick scan on the N26 website and it says you can transfer in 38 currencies inc. USD, however, looks like there will be fees. Are you referring to the method not working because it doesn't make sense with the fees?
We've had some viewers who have had trouble transferring with N26 so we'd love to understand the process better.
Do you have Revolut also?
- Cian
@@TheLearningsReport I am referring to that you are not able to choose USD as a currency of your balance in N26 which is what you need to avoid currency convertion and to avoid the Binance fee.
Yes I am a Revolut user as well.
@@Resolutelt got it, would need to compare the fees of sending on N26 to the 1.8% fee to see if it is worth it fir N26 only users. Thanks for letting us know and hope it worked out fir you on Revolut. 👍
- Cian
Hey hey. Thanks a lot for this direct and simple video.
Can I ask what's the advantage in choosing to deposit fiat in Binance with USD and not in EURO? I see everyone doing, including you guys that are from Ireland where the currency is EURO, but I can't really figure out why. Thanks in advance!
Hey - you're welcome and thanks for the Q. So due to SEPA deposits being suspended (which were free), Binance now charge a 1.8% deposit fee if you send EURO to Binance. By sending USD, you don't need to pay this fee, hence why we suggest the method. If/when SEPA deposits return, then the method should no longer be necessary!
- Ste
@@TheLearningsReport Ah, I see. So it's solely for this reason that USD is being used. Thanks!!
@@0second Yep pretty much! No problem.
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?
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
@@TheLearningsReport 😲 ooh your right, my bad, sorry 😐
Mine doesn't have account number only Iban and Swift
In this scenario, your IBAN is your account number 👍🏻
All good!
Most countries don't have any minimum for depositing afaik. You can even depoist 0.10cents if you want.
Interesting. We didn't have any minimums when SEPA payments were allowed, but using this USD method (in Ireland anyway) the minimum is $50. Most of our viewers have reported the same it seems? Where are you based out of interest?
- Ste
@@TheLearningsReport Ah I understand, sorry I didn't understand that this specific method had a minimum. I'll check it out and report back. I'm from Portugal.
I have deposited several times to other EU and non EU banks but never using another currency, maybe that's where the minimum comes from.
@@WakkaOwnages Welcome to the channel!
Just tried sending 50$ on a Sunday :) however it doesn’t show in the BINANCE’s Z cash deposit history ? Normally would be there saying processing 👀let’s wait till tomorrow and see … thanks for the content guys
Hi Engin - Yeah I usually wouldn't recommend sending on the weekend as things can get delayed. Some of our viewers have said their first transfer can take up to 3-4 days, so I'd sit tight for a few days to wait and see! Contact Binance after that if you still see nothing. Keep us posted how things go!
- Ste
@@TheLearningsReport everything went well guys 👊🏼👊🏼👊🏼
I had my BUSD in my account at around 2pm today 😍
Great content 👍🏼
@@Madakafa35 great stuff, Engin, glad it got sorted. 👍
- Cian
Hi guys, thanks for the video ! Now that SEPA deposits are back, would you still recommend this method ?
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
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!
Thanks but Revolut asks for a 'Routing Number' which Binance doesn't supply - at least, I can't see it
Sorry for the late response - big summer off!
Did you switch to 'business' and also ensure you changed the country location correct?
Hi! I made the transfer from revolut to Binance .. This morning I received the notification from revolut that the transfer has arrived at the beneficiary's bank but there are no funds on binance yet .. I checked and the data entered are correct .. I have to wait again ? Thank you
Hi Mattia - I also made a transfer yesterday, but as it's Thanksgiving I assume that is what is causing the delay. It may arrive today, or we may need to wait until next week!
- Ste
You guys are great! Crazy useful info
Thank you sir! Glad you liked.
- Ste
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
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
Awesome! great video! thank you !
No problem, Anastasija, thanks for watching!
Great explanation. Thanks
Thanks a million for watching, José! See you in the next one!
- Cian
Nice way. But since 23.01.2023 SWIFT to Binance are band for huge amount of countries. I figure it out only after depositing to Revolut 😑 So, check first, if your country supported.
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?
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
@@TheLearningsReport Thank you very much for replying.
Thank you so much for this explanation with detailed information of each step!
Worked perfectly!!!
Love to hear it, Cleetus - thanks for letting us know and glad it worked out for you 👍
- Ste
Thanks for the video. I followed your video and made a transfer, it has been already 24h and in my bank it is marked as received by the other bank but it is not in binance. Even if I selected beneficiary account Seichelles and beneficiary address in States, when I do the transfer says beneficiary is in States like in your video. I hope is fine and I dont lose the 200 dollars I sent.
Hey Frederico,
Thanks for watching. The first transfer usually takes between 3-5 working days (not including weekends) if you followed the steps correctly, subsequent transfers after should take less time. Hang steady and it should arrive soon. 👍
- Cian
@@TheLearningsReport thanks! It arrived, thanks for video again!
Hi guys great vid, does this work for buying USDT, as well?
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
@@TheLearningsReport thanks for that😃