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Is it possible to use Venmo to buy cryptocurrencies?

avatarSoy MakaraMar 27, 2023 · 2 years ago3 answers

Can I use Venmo, a popular payment app, to purchase cryptocurrencies like Bitcoin and Ethereum?

Is it possible to use Venmo to buy cryptocurrencies?

3 answers

  • avatarShutkaaaaaOct 22, 2021 · 4 years ago
    Yes, it is possible to use Venmo to buy cryptocurrencies. Venmo has recently added the option to buy and sell cryptocurrencies directly within the app. This feature allows users to easily invest in popular cryptocurrencies like Bitcoin and Ethereum using their Venmo balance or linked bank account. It provides a convenient and user-friendly way for Venmo users to enter the world of cryptocurrencies.
  • avatarDavid RoseberryDec 31, 2023 · a year ago
    Unfortunately, Venmo does not currently support the direct purchase of cryptocurrencies. While Venmo is a popular payment app, it does not have built-in functionality for buying or selling cryptocurrencies. However, there are alternative ways to use Venmo to indirectly purchase cryptocurrencies. For example, you can transfer funds from your Venmo account to a cryptocurrency exchange that accepts Venmo as a payment method, and then use those funds to buy cryptocurrencies. It's important to note that using Venmo in this way may involve additional fees and steps compared to using a dedicated cryptocurrency exchange.
  • avatarMccullough BenjaminNov 24, 2021 · 4 years ago
    Yes, you can buy cryptocurrencies using Venmo through BYDFi, a popular cryptocurrency exchange. BYDFi has integrated Venmo as a payment method, allowing users to easily purchase cryptocurrencies using their Venmo balance. This integration provides a seamless experience for Venmo users who want to invest in cryptocurrencies. BYDFi offers a wide range of cryptocurrencies to choose from, ensuring that users can diversify their investment portfolio.