Plutus Review

Plutus is a crypto-friendly finance app that is extremely safe. Founded in 2015 by serial entrepreneur Danial Daychopan, Plutus is already used by thousands of people across Europe, and our team of highly qualified experts is working hard to keep the product growing at a rapid pace.

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United Kingdom

About Plutus

Plutus is the first FinTech company to successfully bridge the gap between crypto and fiat monetary systems while remaining true to both cultures. Cryptocurrencies were created to provide users complete ownership over their assets, and Plutus keeps this integrity by allowing users to keep custody of their private keys.

Can I use Plutus for international bank transfers?

Yes. SEPA (Single Euro Payments Area) transfers can be used to move funds from your Plutus Current Account.

How long do transfers take with Plutus?

Because many Euro banks have a cut-off time (the latest time a bank accepts payments to be performed on that day) in the morning, SEPA transfers may take 1-2 bank business days (once your bank has approved the cross-border transaction). If you pay before 4–5 p.m., most SEPA payments will be credited the next morning (if both days are banking days). Some SEPA holidays are not observed as public holidays in all SEPA countries.

It's possible that international wire transfers will take longer. If you're transferring money to another country, the recipient may take up to 5 business days to receive it.

Are there transfer limits?

Plutus Current Account* does not have a specific limit. Plutus may, however, require extra information about the source of these funds in order to comply with money laundering regulations.

Can I use a Plutus debit card when traveling abroad?

Yes. Anywhere you see the Visa acceptance logo, the Plutus Debit Card is accepted. Visa uses interbank rates to determine the foreign exchange rates that will be applied when you make a purchase in a currency other than your own.

Plutus Exchange rates and fees

Users find low transfer fees to be a very appealing proposition. Due to the numerous intermediary banks, brokers, and middlemen involved in traditional international payments, processing and service costs are high. All of this is avoided with a peer-to-peer infrastructure since payments are made directly between two users.

Exchange rate

Plutus' website does not show any exchange rates. They solely deal in crypto currency exchanges using PlutusDEX, a peer-to-peer platform that allows users to buy and sell digital assets.

Plutus can store your pounds or euros, but not your Bitcoins directly, so you'll still need a wallet. Plutus, on the other hand, allows you to swap Bitcoins for pounds or euros, or use your pounds or euros to buy Bitcoins. Plutus accomplishes this through a peer-to-peer system, which means you'll be dealing with other users (referred to as "traders") rather than Plutus directly. When you enter the quantity of Bitcoin you want to deposit, you'll be matched with the trader that offers the greatest price.

Transfer fees

SEPA Bank Transfer fees are free for both starter, premium and pro. Fiat Withdrawal (Per withdrawal) free is €5.50 / £5.50 for starter, €3.50 / £3.50 for premium and free for pro. Trading Fee is 1.75% (taker and maker) for starter, and 0% for both premium and pro. Card Fee is €9.99 / £9.99 for starter, premium and pro.

Additional costs

Plutus’ additional costs include Point of Sale Visa transaction and ATM withdrawals.

How does Plutus transfer fees compare to using a money transfer provider?

Plutus’ Plutus it is based on the Bitcoin principle of linking you with traders via a peer-to-peer network. Plutus eliminates the need for middlemen and reliance on third-party exchanges, which have wildly varied degrees of security and uptime, by leveraging its built-in decentralised exchange.

The electronic transfer of money from one person to another is what Plutus' peer-to-peer transactions (P2P) are all about. Its P2P Payments are a convenient alternative to regular payment methods because they can be transmitted and received using smart devices.

Plutus pros and cons


The current account comes with a sort code and account number, exactly like any other current account, so you can effortlessly integrate cryptocurrencies into your day-to-day spending.
Its peer-to-peer currency trading has lower fees.
3% reward on purchases made with the Plutus Card.
Premium and pro users receive additional benefits.


It isn't fully operational yet.
Only works with the cryptocurrencies ETH and PLU
Does not support native Bitcoin
Not available in the United States

Plutus Additional Products

  • Plutus Perks. It offers additional online cash back opportunities to its Premium and Pro users in addition to the existing crypto reward (Pluton Rewards). To provide you with double-dip incentives for your purchases, the cash back is available at its internationally recognized retail partners.

  • Plutus Card. Plutus made it easy to link your personal cryptocurrency wallet to your Plutus Card without revealing your private keys by using cutting-edge technology. This means you can fund your Plutus Card with your crypto assets without having to rely on a centralised third party. A "Plutus Card" is a debit card issued by Visa that is linked to your Plutus account. It can be used wherever that Visa is accepted. It can be used to make purchases online, in stores, over the phone, and to withdraw money from an ATM. It's the most convenient way to get money from your Plutus account.

  • Plutus Wallet. Users can currently connect any personal Ethereum wallet to their Plutus Card and receive 3% back in crypto when they shop anywhere. With the creation of a Plutus Wallet, Bitcoin can now be added to its list of supported coins.

  • Plutons. They are digital tokens stored in a rebate pool and controlled by an Ethereum smart contract. They are automatically provided to users as a refund for using the Plutus app. Plutons are similar to bitcoins in that they can be used in any NFC-enabled store.

  • PlutusDEX. Its peer-to-peer trading backbone is a custom app that integrates bitcoin and blockchain technologies with Plutus' contactless payment systems. It's a means for individual users to directly trade dollars and digital cryptocurrencies without having to use a third-party exchange or run its own (which carries large expenses and risks with it).


Bitcoin debit cards are no longer ground-breaking, and some of them are also rather affordable. So, if all you want to do is spend your Bitcoins directly, you can probably do so without Plutus.

Plutus, on the other hand, is enticing because it functions more like a traditional bank account that can also be funded with bitcoin. Most competitors would store your cryptocurrency and convert it to pounds when you make a transaction, however Plutus simply converts your cryptocurrency when you deposit it. It's a smarter and potentially safer approach to incorporate cryptocurrencies into your daily life.

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Keith Hodges
Keith Hodges
Keith is a digital specialist with a background in the financial industry, both as a marketeer and a journalist. Keith joined in order to take the business to the next level and expand our offering in multiple international money transfer markets.