Revolut: full crypto withdrawal in Hungary – customers given a tight deadline

The move is particularly surprising because from December 6, previously frozen tokens could be sold again on the Revolut app and the Revolut X platform, although the purchase of new crypto assets was still not allowed.

December 18th: the final deadline

Users have only until December 18th the opportunity to dispose of their crypto assets.

It is possible:

• sell and convert to fiat

• transfer supported assets to an external wallet

If you don’t act on time, Revolut will automatically convert your crypto to cash at the current market price and close your crypto account.

Re-acquisition of crypto is absolutely not possible: no purchases, no reward tokens, no incoming crypto transfers.

Engaged crypto balances will be deleted on December 10, 2025 – they will be automatically unlocked.

What’s left?

Users can still make purchases

• Bitcoin ETP

• Ethereum ETP

The structures do not require a MiCA license, so they are still available on the Lightyear platform.

Why is this happening? all this?

The new EU regulation, MiCA (Markets in Crypto-Assets Regulation), came into effect in July 2024, significantly transforming the licensing of crypto trading.

Revolut has already obtained the MiCA license in Cyprus, and other European fintech companies have also been granted authorization (e.g. BlockBen in Latvia), however, the Hungarian regulation has not yet been completed.

According to the market, in Hungary a license from the SZTFH will also be required, but the detailed rules for this have not yet been published.

Due to the uncertainty, Revolut prefers to not take risks either for itself or for its users.

Can crypto ever return to Revolut?

According to sources, it is unlikely that the company will give up this revenue stream in the long term. The service provider affects more than two million Hungarian customers, while it has already obtained all operating licenses to open a Hungarian bank branch.

The general expectation in the fintech market is that a consensus may be reached in 2026, the legal background may be settled, and large European service providers will not be banned from the Hungarian market.