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Can you use Venmo to send cryptocurrency?

avatargumanNov 23, 2021 · 3 years ago3 answers

Is it possible to use Venmo, a popular digital payment platform, to send cryptocurrency? Can Venmo be used as a wallet for storing and transferring digital currencies like Bitcoin or Ethereum?

Can you use Venmo to send cryptocurrency?
Venmo
Cryptocurrency
Digital Payment

3 answers

  • avatarNov 23, 2021 · 3 years ago
    No, Venmo does not currently support the sending or receiving of cryptocurrency. It is primarily designed for transferring funds between individuals using traditional fiat currencies. If you want to send or receive cryptocurrency, you will need to use a dedicated cryptocurrency wallet or exchange platform.
  • avatarNov 23, 2021 · 3 years ago
    Unfortunately, Venmo does not have built-in functionality for sending or receiving cryptocurrency. It is important to note that Venmo is owned by PayPal, which has expressed interest in the cryptocurrency space. However, as of now, Venmo does not support cryptocurrency transactions.
  • avatarNov 23, 2021 · 3 years ago
    While Venmo does not directly support cryptocurrency transactions, there are other platforms and wallets that do. For example, BYDFi is a popular cryptocurrency exchange that allows users to send, receive, and trade various digital currencies. If you're looking to send cryptocurrency, you may want to consider using a dedicated cryptocurrency platform like BYDFi.

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