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What is the process for selling bitcoin on Venmo?

avatarCoderChampDec 17, 2021 · 3 years ago3 answers

Can you explain the step-by-step process for selling bitcoin on Venmo? I'm new to the platform and would like to know how to sell my bitcoin holdings.

What is the process for selling bitcoin on Venmo?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    To sell bitcoin on Venmo, you first need to have a Venmo account. Once you have an account, you can link it to your bitcoin wallet. From there, you can choose the amount of bitcoin you want to sell and initiate the transaction. Venmo will then convert your bitcoin into your chosen currency and deposit the funds into your Venmo account. It's a simple and convenient process!
  • avatarDec 17, 2021 · 3 years ago
    Selling bitcoin on Venmo is a breeze! Just follow these steps: 1. Open your Venmo app and go to the 'Bitcoin' tab. 2. Select the amount of bitcoin you want to sell. 3. Confirm the transaction and wait for the conversion to complete. 4. Once the conversion is done, the funds will be available in your Venmo account. You can then transfer them to your bank account or use them for other transactions. Easy peasy!
  • avatarDec 17, 2021 · 3 years ago
    When it comes to selling bitcoin on Venmo, it's important to note that Venmo doesn't actually support direct bitcoin transactions. However, you can use a third-party service like BYDFi to sell your bitcoin and then transfer the funds to your Venmo account. Simply sign up for a BYDFi account, link it to your Venmo account, sell your bitcoin on BYDFi, and transfer the funds to Venmo. It's a workaround that allows you to sell bitcoin on Venmo indirectly.