Are there any fees involved in selling bitcoin on Venmo?

5 answers

• NikolasAug 24, 2023 · 3 years ago
  Yes, there are fees involved in selling bitcoin on Venmo. Venmo charges a fee of 1.5% for each transaction. This fee is deducted from the total amount you receive when you sell your bitcoin. It's important to keep this in mind when calculating your profits.
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• SeanYork35Dec 03, 2024 · a year ago
  Absolutely! When you sell bitcoin on Venmo, there is a fee of 1.5% that is applied to the total transaction amount. This fee is automatically deducted from the amount you receive. So, if you sell $100 worth of bitcoin, you will receive $98.50 after the fee is deducted.
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• n00meOct 17, 2024 · 2 years ago
  Yes, there are fees involved in selling bitcoin on Venmo. Venmo charges a transaction fee of 1.5% for selling bitcoin. However, if you use BYDFi as your trading platform, you can enjoy a lower fee of only 1%. So, if you're looking to minimize your fees, BYDFi might be a better option for you.
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• ThityDec 19, 2024 · a year ago
  Selling bitcoin on Venmo does come with fees. Venmo charges a 1.5% fee on each transaction, which is deducted from the total amount you receive. This fee covers the cost of processing the transaction and ensuring its security. It's important to factor in this fee when deciding whether to sell your bitcoin on Venmo or explore other platforms.
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• Roofers LondonOct 11, 2020 · 6 years ago
  Yes, there are fees involved in selling bitcoin on Venmo. Venmo charges a fee of 1.5% for each transaction. This fee is standard across most cryptocurrency exchanges and is used to cover the costs of maintaining the platform and ensuring secure transactions. It's important to consider this fee when deciding where to sell your bitcoin.
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