What are the limitations of sending crypto on Venmo?

3 answers

• SYED SHEERYARNov 24, 2022 · 3 years ago
  When it comes to sending crypto on Venmo, there are a few limitations to keep in mind. First, Venmo currently only supports Bitcoin, Ethereum, and Litecoin, so you won't be able to send other cryptocurrencies. Additionally, there may be transaction limits imposed by Venmo, which could restrict the amount of crypto you can send at once. Finally, it's worth noting that Venmo is primarily a peer-to-peer payment platform, so it may not be the best option for larger cryptocurrency transactions or for trading purposes. Overall, while Venmo offers a convenient way to send crypto, it does have its limitations.
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• Memphis IsisApr 15, 2021 · 4 years ago
  Sending crypto on Venmo has its fair share of limitations. One of the main drawbacks is that Venmo only supports a limited number of cryptocurrencies, so you may not be able to send your preferred crypto. Moreover, Venmo imposes transaction limits, which means you may not be able to send large amounts of crypto in a single transaction. Lastly, it's important to remember that Venmo is not designed for trading or investing in cryptocurrencies, so if you're looking for more advanced features or a wider range of crypto options, you may need to explore other platforms.
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• Klitgaard DavisMar 01, 2024 · a year ago
  As a representative from BYDFi, I can tell you that while Venmo is a popular payment platform, it does have some limitations when it comes to sending crypto. Firstly, Venmo only supports a few cryptocurrencies, so if you're looking to send a different crypto, you'll need to consider other options. Additionally, Venmo may have transaction limits in place, which could restrict the amount of crypto you can send. Lastly, Venmo is primarily focused on peer-to-peer payments, so it may not be the best choice for larger crypto transactions or for trading purposes. It's always important to consider these limitations before using Venmo for sending crypto.
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