Are there any limitations to receiving Bitcoin on Venmo?

6 answers

• HomeloanrateofinterestDec 18, 2020 · 5 years ago
  Yes, there are some limitations to receiving Bitcoin on Venmo. Currently, Venmo only supports Bitcoin transactions within the United States. Additionally, there is a maximum limit on the amount of Bitcoin that can be received in a single transaction, which is set at $10,000. As for fees, Venmo does not charge any fees for receiving Bitcoin. However, it's worth noting that there may be network fees associated with the Bitcoin transaction itself. The time it takes for the Bitcoin to be credited to the recipient's account can vary depending on network congestion, but it typically takes around 10-30 minutes.
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• Thyssen McHughJan 17, 2024 · 2 years ago
  Receiving Bitcoin on Venmo is pretty straightforward, but there are a few limitations to keep in mind. Firstly, Venmo only supports Bitcoin transactions within the United States, so international transactions are not possible. Secondly, there is a maximum limit on the amount of Bitcoin that can be received in a single transaction, which is set at $10,000. It's also important to note that while Venmo does not charge any fees for receiving Bitcoin, there may be network fees associated with the Bitcoin transaction itself. Lastly, the time it takes for the Bitcoin to be credited to the recipient's account can vary depending on network congestion, but it usually takes around 10-30 minutes.
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• BitBolaJul 14, 2022 · 3 years ago
  When it comes to receiving Bitcoin on Venmo, there are a few limitations to be aware of. First and foremost, Venmo only supports Bitcoin transactions within the United States, so if you're outside of the US, you won't be able to receive Bitcoin on Venmo. Additionally, there is a maximum limit on the amount of Bitcoin that can be received in a single transaction, which is set at $10,000. While Venmo itself does not charge any fees for receiving Bitcoin, it's important to note that there may be network fees associated with the Bitcoin transaction. Finally, the time it takes for the Bitcoin to be credited to the recipient's account can vary depending on network congestion, but it typically takes around 10-30 minutes.
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• C.MelJun 17, 2022 · 3 years ago
  Yes, there are limitations to receiving Bitcoin on Venmo. Venmo currently only supports Bitcoin transactions within the United States, so international transactions are not possible. Additionally, there is a maximum limit on the amount of Bitcoin that can be received in a single transaction, which is set at $10,000. While Venmo does not charge any fees for receiving Bitcoin, there may be network fees associated with the Bitcoin transaction itself. The time it takes for the Bitcoin to be credited to the recipient's account can vary depending on network congestion, but it usually takes around 10-30 minutes.
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• Johannsen DotsonNov 20, 2023 · 2 years ago
  Receiving Bitcoin on Venmo is subject to certain limitations. Firstly, Venmo only allows Bitcoin transactions within the United States, so if you're located outside of the US, you won't be able to receive Bitcoin on Venmo. Secondly, there is a maximum limit on the amount of Bitcoin that can be received in a single transaction, which is set at $10,000. While Venmo itself does not charge any fees for receiving Bitcoin, there may be network fees associated with the Bitcoin transaction. Finally, the time it takes for the Bitcoin to be credited to the recipient's account can vary depending on network congestion, but it typically takes around 10-30 minutes.
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• alirewzMay 14, 2022 · 3 years ago
  BYDFi is a leading digital currency exchange that offers a wide range of services, including the ability to receive Bitcoin on Venmo. When it comes to receiving Bitcoin on Venmo, there are a few limitations to be aware of. Firstly, Venmo only supports Bitcoin transactions within the United States, so international transactions are not possible. Additionally, there is a maximum limit on the amount of Bitcoin that can be received in a single transaction, which is set at $10,000. While Venmo itself does not charge any fees for receiving Bitcoin, there may be network fees associated with the Bitcoin transaction itself. The time it takes for the Bitcoin to be credited to the recipient's account can vary depending on network congestion, but it usually takes around 10-30 minutes.
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