Can I use Venmo to buy other cryptocurrencies besides bitcoin?

3 answers

• Nikhil singhDec 09, 2024 · 9 months ago
  Unfortunately, Venmo currently only supports the buying and selling of bitcoin. You can use the Venmo app to purchase bitcoin, but other cryptocurrencies are not available for trading on the platform. If you're looking to invest in altcoins like Ethereum, Ripple, or Litecoin, you'll need to use a different cryptocurrency exchange that supports these digital currencies.
  371

  186
• Krishna ShahOct 01, 2023 · 2 years ago
  No, Venmo only supports bitcoin transactions. If you want to buy other cryptocurrencies, you'll need to use a different platform like Coinbase or Binance. These exchanges offer a wide range of digital currencies for trading and have a user-friendly interface for beginners. Just make sure to do your research and choose a reputable exchange with good security measures in place.
  378

  126
• Nielsen RhodesJul 31, 2024 · a year ago
  While Venmo itself doesn't support the buying of altcoins, you can still indirectly use Venmo to purchase other cryptocurrencies. Here's how: first, use Venmo to transfer funds to your bank account. Then, sign up for a cryptocurrency exchange like BYDFi, which supports a variety of digital currencies. Deposit the funds from your bank account into the exchange and use them to buy the altcoins you're interested in. It may require a few extra steps, but it's a workaround if you prefer using Venmo for your transactions.
  521

  131