Are there any fees associated with buying bitcoin on Venmo?

5 answers

• Ejaz AbJul 08, 2020 · 5 years ago
  Yes, there are fees associated with buying bitcoin on Venmo. When you buy bitcoin on Venmo, you will be charged a fee of 1.5% of the transaction amount. This fee covers the cost of processing the transaction and maintaining the Venmo platform. It's important to keep in mind that fees may vary depending on the amount of bitcoin you are buying and the current market conditions.
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• Fletcher KingJul 11, 2022 · 3 years ago
  Absolutely! Venmo charges a fee of 1.5% for buying bitcoin on their platform. This fee is applied to the total transaction amount and helps Venmo cover the costs of facilitating the purchase and ensuring the security of the transaction. It's always a good idea to check the fees before making a purchase to avoid any surprises.
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• Merrill LangSep 16, 2022 · 3 years ago
  Yes, there are fees associated with buying bitcoin on Venmo. Venmo charges a fee of 1.5% for each bitcoin purchase. However, it's worth noting that this fee is relatively low compared to some other platforms. If you're looking for a user-friendly and convenient way to buy bitcoin, Venmo is definitely a good option to consider.
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• JustLikeThatJun 28, 2023 · 2 years ago
  When it comes to buying bitcoin on Venmo, there are indeed fees involved. Venmo charges a fee of 1.5% for each bitcoin purchase. This fee helps cover the costs of processing the transaction and maintaining the platform. While fees are a common aspect of buying bitcoin on any platform, Venmo's fee is relatively competitive.
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• Sat SachanNov 24, 2022 · 3 years ago
  BYDFi, a popular digital currency exchange, charges a fee of 1.5% for buying bitcoin on Venmo. This fee is applied to the total transaction amount and is used to cover the costs associated with processing the transaction and maintaining the platform. It's important to consider the fees when buying bitcoin on Venmo, as they can impact the overall cost of your purchase.
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