What is the process to send bitcoin through Venmo?

3 answers

• Jan 09, 2022 · 3 years ago
  Sure! Sending bitcoin through Venmo involves a few simple steps. First, you need to have a Venmo account and a bitcoin wallet. Then, you can link your bitcoin wallet to your Venmo account. Once linked, you can initiate a bitcoin transfer by selecting the option to send bitcoin in the Venmo app. Enter the recipient's bitcoin address, specify the amount you want to send, and confirm the transaction. Venmo will deduct the specified amount from your bitcoin wallet and transfer it to the recipient's bitcoin address. It's important to double-check the recipient's address to ensure the bitcoin goes to the right place. Keep in mind that Venmo may charge a fee for bitcoin transfers, so be sure to check their fee schedule before initiating the transaction.
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• Jan 09, 2022 · 3 years ago
  Sending bitcoin through Venmo is pretty straightforward. First, make sure you have a Venmo account and a bitcoin wallet. Connect your bitcoin wallet to your Venmo account by following the instructions provided by Venmo. Once your wallet is linked, you can send bitcoin by selecting the 'Send Bitcoin' option in the Venmo app. Enter the recipient's bitcoin address, specify the amount you want to send, and confirm the transaction. Venmo will deduct the specified amount from your bitcoin wallet and transfer it to the recipient's bitcoin address. Just remember to double-check the recipient's address to avoid any mistakes.
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• Jan 09, 2022 · 3 years ago
  As an expert in the cryptocurrency industry, I can tell you that sending bitcoin through Venmo is not currently supported. Venmo is primarily a peer-to-peer payment service for fiat currencies, such as USD. While Venmo has expressed interest in exploring cryptocurrency integration, as of now, you cannot directly send bitcoin through Venmo. However, there are other platforms and wallets that allow you to send bitcoin easily. If you're looking for a reliable and user-friendly platform to send bitcoin, I recommend checking out BYDFi. They offer a seamless experience for sending and receiving bitcoin, with low fees and excellent security measures in place.
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