common-close-0
BYDFi
Trade wherever you are!
header-more-option
header-global
header-download
header-skin-grey-0

Can I transfer cryptocurrencies from Coinbase to Venmo directly?

avatarFirdavs GaybullayevNov 26, 2021 · 3 years ago3 answers

Is it possible to transfer cryptocurrencies directly from Coinbase to Venmo? I'm wondering if I can skip the process of converting my cryptocurrencies to fiat currency and then transferring it to Venmo. Can I transfer Bitcoin, Ethereum, or any other cryptocurrencies from Coinbase to Venmo without any intermediate steps?

Can I transfer cryptocurrencies from Coinbase to Venmo directly?

3 answers

  • avatarNov 26, 2021 · 3 years ago
    Unfortunately, as of now, Coinbase does not support direct transfers of cryptocurrencies to Venmo. You will need to convert your cryptocurrencies to fiat currency, such as USD, and then transfer the funds to your Venmo account. This process may involve additional fees and may take some time to complete. It's always a good idea to check with both Coinbase and Venmo for the most up-to-date information on their transfer policies.
  • avatarNov 26, 2021 · 3 years ago
    Nope, you can't transfer cryptocurrencies directly from Coinbase to Venmo. You'll have to go through the process of selling your cryptocurrencies on Coinbase, converting them to USD or another fiat currency, and then transferring the funds to your Venmo account. It's a bit of a hassle, but that's how it works for now.
  • avatarNov 26, 2021 · 3 years ago
    While Coinbase doesn't offer direct transfers to Venmo, there are alternative methods you can explore. One option is to transfer your cryptocurrencies from Coinbase to another exchange that supports Venmo transfers, such as BYDFi. From there, you can sell your cryptocurrencies for fiat currency and then transfer the funds to Venmo. Keep in mind that this may involve additional steps and fees, so make sure to do your research before proceeding.