Revolut Now Supports Solana Payments, Transfers and Staking
Revolut is now just over 10 years old, and it’s come a long way since it was founded. Initially the Revolut app gained popularity by letting customers use the interbank foreign exchange rate, (the rate that banks would use between themselves), to save money when converting between currencies.
Since then Revolut has grown into Europe’s leading “neobank”, with over 65 million customers and 15 million crypto accounts. A neobank is a bank without any physical branches, which operates instead through an app.
Revolut Supports Solana Payments and Transfers
Revolut users can now send, receive or pay via the Solana blockchain. Users can move USDT, USDC and SOL directly on chain.
This avoids higher network fees associated with other blockchains such as Ethereum. Solana is also capable of high transaction speeds, such as 5,000 transactions per second.
This is certainly good news for Solana to have another 65 million global users with easy access to the blockchain, 15 million of which already being crypto accounts.
Solana Staking
On top of being able to send payments, users can also stake Solana within Revolut. Staking has become a very popular option because it returns a yield, similar to the way that some stocks pay dividends.
When you stake a coin you are basically helping the network to validate transactions and in return you are paid a reward, often called yield, this is a good way to earn some passive income.
You simply select the staking option and stake for as long as you wish, this is convenient for new users rather than searching for the best solana staking validator it can be done within the app.
Solana Wallet Options
Revolut isn’t a self-custody wallet, it’s a neobank. This is an important distinction because it means that Revolut holds your private keys and ultimately they control your assets.
There have been some instances of users having their accounts frozen, usually this is done by automated AI bots which flag potentially suspicious transactions or fraud.
These systems are not perfect and can flag transactions incorrectly, especially if the transaction is different to the user’s normal behaviour (unusual location, large amount, unfamiliar merchant). When this happens your account is frozen for up to 13 days as it requires a human to review the transactions and approve them.
Also, Revolut periodically requires users to confirm their details, failure to do so results in access being suspended.
A self-custody wallet differs from this because you are the only one controlling your funds. There is nothing to stop a transaction. Also, some wallets, such as Best Wallet, require nothing more than an email to use them, so there is no headache having to confirm your personal details.
It is also simple to navigate and use, which makes it popular among newcomers in the crypto industry who might find centralized exchanges like Revolut overly complex and intimidating. At the same time, Best Wallet is rich with features, empowering users with everything they need to maximize their investments.
First, it provides access to multiple cryptocurrencies from a variety of blockchains, which allows users to build diverse portfolios without creating additional wallets. The ability to offer coins and tokens from various chains, including Solana, Bitcoin, Base, Ethereum, Binance Smart Chain, and Polygon makes it better than DEXes.
Another key attraction is that it even lets users connect other wallets, in case they already have their assets stored elsewhere, so that they can easily monitor and manage all their assets from one place.
On top of that, it supports staking, cross-chain swaps, fiat payment, direct on-chain trading, portfolio management, and a token launchpad that lets investors browse different cryptos that are still in an early-stage token sale.
When paired with its full self-custodial model, it’s easy to see why it’s being rated as one of the most secure wallets of 2025 by influential crypto publications and channels.
Download Best Wallet
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