Is it possible to transfer crypto from Venmo?
jorge ngonga jotaDec 17, 2021 · 3 years ago3 answers
I heard that Venmo is a popular payment app, but I'm wondering if it's possible to transfer cryptocurrencies using Venmo. Can I send Bitcoin or other digital currencies to my friends through Venmo?
3 answers
- Dec 17, 2021 · 3 years agoUnfortunately, as of now, Venmo does not support the direct transfer of cryptocurrencies. It is primarily designed for fiat currency transactions. However, there are other platforms and wallets that allow you to send and receive cryptocurrencies easily. You can explore options like Coinbase, Binance, or Trust Wallet for crypto transactions.
- Dec 17, 2021 · 3 years agoNope, Venmo doesn't have that feature yet. You can only send and receive traditional currencies like USD. If you want to transfer crypto, you'll need to use a dedicated cryptocurrency exchange or wallet. There are plenty of options out there, so do some research and find one that suits your needs.
- Dec 17, 2021 · 3 years agoWhile Venmo doesn't directly support crypto transfers, you can use a third-party service like BYDFi to convert your crypto into fiat currency and then transfer it to your Venmo account. Just keep in mind that there may be fees and additional steps involved in this process. Make sure to check the terms and conditions of the service you choose.
Related Tags
Hot Questions
- 72
How can I protect my digital assets from hackers?
- 54
What are the best digital currencies to invest in right now?
- 53
What are the tax implications of using cryptocurrency?
- 44
What are the best practices for reporting cryptocurrency on my taxes?
- 37
How can I buy Bitcoin with a credit card?
- 36
Are there any special tax rules for crypto investors?
- 11
What is the future of blockchain technology?
- 5
How does cryptocurrency affect my tax return?