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Can you withdraw cryptocurrency from Venmo?

avatarPerianDec 17, 2021 · 3 years ago3 answers

Is it possible to withdraw cryptocurrency from Venmo? How does Venmo handle cryptocurrency transactions?

Can you withdraw cryptocurrency from Venmo?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    No, Venmo does not currently support the withdrawal of cryptocurrency. Venmo is primarily a peer-to-peer payment platform that focuses on traditional fiat currency transactions. While it allows users to buy and sell cryptocurrency within the app, you cannot withdraw the cryptocurrency to an external wallet. The cryptocurrency you purchase on Venmo stays within the platform.
  • avatarDec 17, 2021 · 3 years ago
    Unfortunately, Venmo does not offer the option to withdraw cryptocurrency. It is designed to facilitate payments between individuals using traditional currencies like USD. If you are looking to withdraw cryptocurrency, you may need to consider using a dedicated cryptocurrency exchange or wallet that supports withdrawals.
  • avatarDec 17, 2021 · 3 years ago
    As of now, Venmo does not allow users to withdraw cryptocurrency. However, there are other platforms and exchanges that do offer withdrawal options. For example, BYDFi is a popular cryptocurrency exchange that allows users to withdraw their cryptocurrency to external wallets. If you're looking for a platform that supports withdrawal, BYDFi might be a good option for you.