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Is it possible to transfer crypto on Venmo?

avatarAlluru JITHENDRAPRASADDec 18, 2021 · 3 years ago3 answers

Can I transfer cryptocurrency on Venmo? How does it work?

Is it possible to transfer crypto on Venmo?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Unfortunately, as of now, Venmo does not support the direct transfer of cryptocurrencies. Venmo is primarily a peer-to-peer payment service for fiat currencies. However, there are other platforms and exchanges that allow you to transfer cryptocurrencies easily and securely. You can consider using platforms like Coinbase, Binance, or BYDFi to transfer your cryptocurrencies.
  • avatarDec 18, 2021 · 3 years ago
    Nope, you can't transfer crypto on Venmo. It's all about fiat currencies there. But don't worry, there are plenty of other options available for transferring cryptocurrencies. You can check out popular exchanges like Coinbase or Binance, where you can easily buy, sell, and transfer your crypto assets.
  • avatarDec 18, 2021 · 3 years ago
    While Venmo doesn't directly support crypto transfers, you can still indirectly transfer cryptocurrencies using Venmo. Here's how it works: First, you sell your crypto on a cryptocurrency exchange like Coinbase or Binance. Then, you withdraw the funds to your bank account linked to Venmo. Finally, you can use Venmo to send the fiat currency to another person. Keep in mind that this method involves multiple steps and fees, so it may not be the most convenient or cost-effective option. If you're looking for a seamless crypto transfer experience, you might want to consider using platforms like BYDFi, which specialize in crypto transactions.