Revolut has today announced that it is giving away 1 Bitcoin to one lucky UK customer as part of its Black Friday Crypto competition. It’s been a wild month for the crypto markets, with Bitcoin alone up ~40%* in the last 30 days.
How can Revolut customers enter?
To enter the competition all customers need to do is set up a Crypto Recurring Buy worth at least €10 (or currency equivalent) and make at least one Recurring Buy transaction by midnight UK time on Sunday 29 November 2020.
If customers already have a crypto Recurring Buy set up, and have made a Recurring Buy transaction of at least €10 or more before our competition started, they are eligible too. Customers will be automatically entered once their Recurring Buy has been confirmed.
The Black Friday Crypto promotion is only open to Revolut customers in the United Kingdom. The competition will close at midnight on Sunday 29 November 2020.
What is a Recurring Buy?
This feature allows customers to automate buying crypto worth a fixed amount of fiat currency on a fixed schedule – for example, buying €200 worth of Bitcoin every week at the exchange rate at each individual time. This is also referred to as ‘Dollar Cost Averaging’ and is popular with a lot of customers as it averages out the daily volatility, and means they don’t have to manually time each crypto purchase. Most of Revolut’s current customers already opt for a weekly Recurring Buy.
Customers are expected to comply with the Revolut crypto terms and conditions at all times in relation to Recurring Buys, and those terms will apply to any Recurring Buys customers set up. There are significant risks associated with cryptocurrency – customers should carefully consider whether it is appropriate for them to buy cryptocurrency in light of their personal and financial situation.