Can you withdraw cryptocurrency from Venmo?
PerianDec 17, 2021 · 3 years ago3 answers
Is it possible to withdraw cryptocurrency from Venmo? How does Venmo handle cryptocurrency transactions?
3 answers
- Dec 17, 2021 · 3 years agoNo, 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.
- Dec 17, 2021 · 3 years agoUnfortunately, 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.
- Dec 17, 2021 · 3 years agoAs 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.
Related Tags
Hot Questions
- 92
What are the tax implications of using cryptocurrency?
- 63
What are the best practices for reporting cryptocurrency on my taxes?
- 58
How can I protect my digital assets from hackers?
- 51
Are there any special tax rules for crypto investors?
- 47
How can I minimize my tax liability when dealing with cryptocurrencies?
- 43
What are the best digital currencies to invest in right now?
- 41
How does cryptocurrency affect my tax return?
- 35
How can I buy Bitcoin with a credit card?