Are there any fees involved in selling bitcoin on Venmo?

5 answers

• NikolasFeb 27, 2024 · 2 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.
  257

  129
• SeanYork35Aug 19, 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.
  269

  90
• n00meJul 29, 2023 · 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.
  293

  74
• ThityJul 08, 2022 · 3 years 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.
  343

  69
• Roofers LondonApr 21, 2024 · 2 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.
  336

  56