Are there any limitations or restrictions when sending crypto from Venmo?

4 answers

• May 02, 2022 · 3 years ago
  When sending cryptocurrency from Venmo, there are a few limitations and restrictions to keep in mind. Firstly, Venmo only supports Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. So, you can only send these specific cryptocurrencies and not any other altcoins or tokens. Additionally, there are transaction limits in place. Venmo has a daily transaction limit of $4,999.99 for cryptocurrency transactions. If you want to send more than this amount, you'll need to verify your identity by providing additional information. Lastly, Venmo charges a fee for cryptocurrency transactions. The fee is based on the current market rate and is displayed before you confirm the transaction. It's important to note that these limitations and fees may change over time, so it's always a good idea to check Venmo's website or contact their support for the most up-to-date information.
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• May 02, 2022 · 3 years ago
  Sending cryptocurrency from Venmo has its limitations and restrictions. Venmo currently supports Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. So, if you're looking to send any other type of cryptocurrency, you'll need to use a different platform. Additionally, there are transaction limits in place. Venmo has a daily transaction limit of $4,999.99 for cryptocurrency transactions. If you want to send more than this amount, you'll need to go through a verification process. As for fees, Venmo charges a fee for cryptocurrency transactions. The fee is based on the current market rate and is displayed before you confirm the transaction. It's important to consider these limitations and fees when using Venmo for cryptocurrency transactions.
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• May 02, 2022 · 3 years ago
  When it comes to sending cryptocurrency from Venmo, there are a few things to keep in mind. Venmo currently supports Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. So, if you're looking to send any other type of cryptocurrency, you'll need to use a different platform. Additionally, there are transaction limits in place. Venmo has a daily transaction limit of $4,999.99 for cryptocurrency transactions. If you want to send more than this amount, you'll need to verify your identity. As for fees, Venmo charges a fee for cryptocurrency transactions. The fee is based on the current market rate and is displayed before you confirm the transaction. It's important to be aware of these limitations and fees when using Venmo for cryptocurrency transactions.
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• May 02, 2022 · 3 years ago
  When sending cryptocurrency from Venmo, there are a few limitations and restrictions to be aware of. Venmo currently supports Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. So, if you're looking to send any other type of cryptocurrency, you'll need to find an alternative platform. Additionally, there are transaction limits in place. Venmo has a daily transaction limit of $4,999.99 for cryptocurrency transactions. If you want to send more than this amount, you'll need to verify your identity. As for fees, Venmo charges a fee for cryptocurrency transactions. The fee is based on the current market rate and is displayed before you confirm the transaction. It's important to keep these limitations and fees in mind when using Venmo for cryptocurrency transactions.
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