Revolut Adds Hidden Accounts and Street Mode Security Features
Revolut has introduced new security features designed to protect customer accounts, savings and crypto balances from fraud. The main tools are Hidden Accounts, Wealth Protection, Street Mode and an in-app call verification banner.
Hidden Accounts lets users hide currency accounts, Pockets, savings accounts and linked accounts from the main balance and total wealth view. Access requires biometric authentication. Individual transactions can also be hidden.
Wealth Protection adds biometric confirmation for transfers or withdrawals above a user-set limit. It can cover investments, savings, crypto, Pockets and the main balance, but not card payments or physical ATM withdrawals. The feature is disabled by default.
Street Mode adds location-based protection. Transfers above the Wealth Protection limit made outside trusted locations can be delayed for between 30 minutes and six hours, followed by a second biometric check. Transfers from trusted locations require only one confirmation.
The call verification banner helps users identify genuine Revolut calls. A neutral banner confirms an authentic call, while a red warning states that Revolut is not calling. The company warned that it will not request passwords, one-time codes, PINs, login approvals or transfers to a safe account by phone.
For crypto traders, these security features may reduce account-takeover and social-engineering risks, although they do not directly affect crypto prices or trading liquidity.
Neutral
The expected market impact is neutral because Revolut’s security update is a product and account-protection announcement rather than a change to crypto regulation, liquidity, fees or asset issuance. It does not introduce a new token or alter trading access.
In the short term, the announcement could modestly improve user confidence in holding crypto through Revolut. Stronger biometric checks, transfer delays and call verification may reduce successful account-takeover and impersonation scams. This could limit forced liquidations or unauthorised withdrawals in affected accounts, but the effect is unlikely to be large enough to move broader crypto prices.
Street Mode may create minor friction for users making large transfers outside trusted locations, potentially slowing some withdrawals or transfers. However, the feature is optional, Wealth Protection is disabled by default, and the controls apply to selected transfers and withdrawals rather than market-wide trading activity.
Over the longer term, wider adoption of fraud-prevention tools could support institutional and retail confidence in crypto platforms. Similar security upgrades by exchanges and fintech firms have generally improved platform trust without producing sustained bullish or bearish price effects. Traders should therefore treat this as a platform-safety development, not a directional market signal. The main indicators to monitor are adoption rates, reports of fraud losses, withdrawal delays and any future expansion of the controls to card payments or broader crypto transactions.