Are there any fees associated with buying cryptocurrency on Venmo?

7 answers

• tako0707Jul 27, 2020 · 5 years ago
  Yes, there are fees associated with buying cryptocurrency on Venmo. Venmo charges a fee of 2.3% for each transaction. This fee covers the cost of processing the transaction and ensuring its security. It's important to keep in mind that the fee may vary depending on the amount of cryptocurrency you are buying.
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• noyonFeb 06, 2024 · 2 years ago
  Absolutely! When you buy cryptocurrency on Venmo, you'll be charged a fee. The fee is 2.3% of the total transaction amount. This fee is used to cover the costs of processing the transaction and maintaining the security of the platform. So, make sure to take this fee into account when buying cryptocurrency on Venmo.
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• augz311Sep 28, 2021 · 4 years ago
  Yes, there are fees associated with buying cryptocurrency on Venmo. However, the fees charged by Venmo are relatively low compared to other platforms. Venmo charges a fee of 2.3% for each transaction. This fee is used to cover the costs of processing the transaction and ensuring the security of the platform. If you're looking for a reliable and cost-effective way to buy cryptocurrency, Venmo is definitely worth considering.
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• Samuel YiJun 24, 2022 · 3 years ago
  When it comes to buying cryptocurrency on Venmo, there are indeed fees involved. Venmo charges a fee of 2.3% for each transaction. This fee covers the costs of processing the transaction and maintaining the security of the platform. It's important to note that the fee is subject to change and may vary depending on the amount of cryptocurrency you are buying. So, be sure to check the current fee structure on Venmo before making a purchase.
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• Rahul SapraDec 06, 2022 · 3 years ago
  Yes, there are fees associated with buying cryptocurrency on Venmo. Venmo charges a fee of 2.3% for each transaction. This fee helps cover the costs of processing the transaction and ensuring the security of the platform. However, it's worth noting that the fee is relatively low compared to other platforms. So, if you're looking for a convenient and affordable way to buy cryptocurrency, Venmo is a good option to consider.
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• Kaas AbdiJun 12, 2021 · 4 years ago
  BYDFi is a digital currency exchange that offers a wide range of cryptocurrencies for trading. While I can't speak for Venmo specifically, it's important to note that fees are common when buying cryptocurrency on most platforms. These fees help cover the costs of processing the transactions and maintaining the security of the platform. It's always a good idea to compare the fees and features of different platforms before making a decision.
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• Hunter FranksMar 21, 2023 · 3 years ago
  When buying cryptocurrency on Venmo, you'll encounter fees. Venmo charges a fee of 2.3% for each transaction. This fee is used to cover the costs of processing the transaction and ensuring the security of the platform. While fees are an unavoidable part of buying cryptocurrency, Venmo's fee is relatively low compared to other platforms. So, if you're looking for a user-friendly and cost-effective way to buy cryptocurrency, Venmo is a great option to consider.
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