Are there any fees for sending bitcoin with Venmo?

3 answers

• Logan JoslinJun 23, 2020 · 5 years ago
  Yes, there are fees for sending bitcoin with Venmo. When you send bitcoin using Venmo, there is a transaction fee that is charged by the network. This fee is used to incentivize miners to include your transaction in the blockchain. The fee amount can vary depending on the network congestion and the size of your transaction. It's important to check the current fee rates before sending bitcoin with Venmo to ensure you are aware of the cost involved.
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• adasOct 31, 2021 · 4 years ago
  Absolutely! Just like any other transaction on the Bitcoin network, sending bitcoin with Venmo incurs fees. These fees are necessary to ensure the security and efficiency of the network. The fee amount can vary depending on the current network conditions, such as the number of pending transactions and the size of your transaction. It's always a good idea to check the fee rates before sending bitcoin to avoid any surprises.
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• Conley FaganMay 04, 2022 · 4 years ago
  Yes, there are fees associated with sending bitcoin using Venmo. The fees are determined by the Bitcoin network and are used to prioritize transactions and compensate miners for their work. The fee amount can vary depending on the current network congestion and the size of your transaction. It's important to consider these fees when sending bitcoin with Venmo to ensure you are comfortable with the total cost of the transaction. You can check the current fee rates on various blockchain explorers or cryptocurrency websites.
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