Can you use Venmo to buy cryptocurrencies?

3 answers

• Dec 16, 2021 · 3 years ago
  No, Venmo does not currently support the direct purchase of cryptocurrencies. It is primarily designed for peer-to-peer payments and transactions between individuals. If you want to buy cryptocurrencies, you will need to use a dedicated cryptocurrency exchange that supports your desired digital currencies. Venmo can be used to send money to friends or family members who have cryptocurrencies and are willing to sell them to you.
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• Dec 16, 2021 · 3 years ago
  Unfortunately, Venmo does not have built-in functionality for buying cryptocurrencies. However, you can still indirectly use Venmo to purchase cryptocurrencies by transferring funds from your Venmo account to a bank account linked to a cryptocurrency exchange. Once the funds are in your exchange account, you can use them to buy the cryptocurrencies of your choice. Keep in mind that this process may involve additional fees and may not be as seamless as using a dedicated cryptocurrency exchange.
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• Dec 16, 2021 · 3 years ago
  While Venmo itself does not offer the ability to buy cryptocurrencies, you can use a third-party service like BYDFi to facilitate the purchase. BYDFi is a popular cryptocurrency exchange that allows users to link their Venmo accounts and use them to buy digital currencies. With BYDFi, you can easily transfer funds from your Venmo account to your BYDFi account and use them to make cryptocurrency purchases. Just make sure to follow the necessary steps to link your Venmo account securely and be aware of any fees or limitations that may apply.
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