common-close-0
BYDFi
Trade wherever you are!

Are there any restrictions when buying crypto with Venmo?

avatarJivan Bista ComputingDec 17, 2021 · 3 years ago3 answers

What are the restrictions or limitations when purchasing cryptocurrencies using Venmo?

Are there any restrictions when buying crypto with Venmo?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    When buying crypto with Venmo, there are a few restrictions and limitations to be aware of. Firstly, Venmo only supports certain cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin. Other cryptocurrencies may not be available for purchase. Additionally, there may be limits on the amount of crypto you can buy or sell using Venmo. These limits can vary depending on factors such as your account verification level and transaction history. It's also important to note that Venmo may have restrictions on buying crypto with funds from certain sources, such as credit cards or loans. It's always a good idea to check Venmo's terms of service or contact their customer support for the most up-to-date information on any restrictions or limitations when buying crypto with Venmo.
  • avatarDec 17, 2021 · 3 years ago
    When it comes to buying crypto with Venmo, there are a few things to keep in mind. Firstly, Venmo has certain restrictions on the types of cryptocurrencies you can purchase. Currently, Venmo only supports Bitcoin, Ethereum, and Litecoin. So if you're looking to buy other cryptocurrencies, you'll need to use a different platform. Additionally, there may be limits on the amount of crypto you can buy or sell using Venmo. These limits can vary depending on factors such as your account verification level and transaction history. Lastly, it's worth noting that Venmo may have restrictions on using certain funding sources, such as credit cards or loans, to buy crypto. It's always a good idea to check Venmo's terms of service or reach out to their support team for more information on any restrictions or limitations.
  • avatarDec 17, 2021 · 3 years ago
    When buying crypto with Venmo, it's important to be aware of any restrictions or limitations that may apply. Venmo currently supports Bitcoin, Ethereum, and Litecoin, so if you're looking to buy other cryptocurrencies, you'll need to use a different platform. Additionally, there may be limits on the amount of crypto you can buy or sell using Venmo. These limits can vary based on factors such as your account verification level and transaction history. It's also worth noting that Venmo may have restrictions on using certain funding sources, such as credit cards or loans, to buy crypto. To get the most accurate and up-to-date information on any restrictions or limitations, it's recommended to review Venmo's terms of service or contact their customer support.