Can you buy cryptocurrency using Venmo?

7 answers

• Frick AlviApr 27, 2025 · 7 months ago
  No, Venmo does not currently support the direct purchase of cryptocurrencies. While Venmo is a convenient way to send and receive money, it does not have built-in functionality for buying or selling digital currencies. If you want to buy cryptocurrency, you'll need to use a dedicated cryptocurrency exchange.
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• SerenityFeb 25, 2024 · 2 years ago
  Unfortunately, Venmo does not offer the option to buy cryptocurrency. Venmo is primarily designed for peer-to-peer payments and splitting bills with friends, rather than investing in digital assets. If you're interested in buying cryptocurrencies, you'll need to explore other platforms that specialize in crypto trading.
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• Conway MathewsDec 29, 2023 · 2 years ago
  As of now, Venmo does not allow users to buy cryptocurrency directly. However, there are third-party services and exchanges that enable you to link your Venmo account and make crypto purchases. One example is BYDFi, a popular cryptocurrency exchange that supports Venmo integration. With BYDFi, you can connect your Venmo account and use it to buy Bitcoin, Ethereum, and other digital currencies. Just keep in mind that you'll need to go through the necessary verification process and comply with any applicable regulations.
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• Laxman KumarMay 09, 2021 · 5 years ago
  Nope, Venmo doesn't have the option to buy cryptocurrency. It's more focused on casual payments between friends and family. If you're looking to invest in cryptocurrencies, you'll need to use a different platform that specializes in crypto trading. There are plenty of options out there, so do your research and find a reputable exchange that suits your needs.
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• Dareen ElsayedApr 03, 2025 · 8 months ago
  Venmo doesn't currently support buying cryptocurrency. It's primarily used for sending and receiving money from friends and family. If you're interested in investing in digital currencies, you'll need to find a dedicated cryptocurrency exchange that allows you to link your bank account or credit card.
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• Thales P. ScarpatoMay 03, 2022 · 4 years ago
  While Venmo doesn't directly support the purchase of cryptocurrencies, you can still use it indirectly. You can transfer funds from your Venmo account to a bank account, and then use that money to buy cryptocurrencies on a supported exchange. It may involve an extra step, but it's a workaround if you want to use Venmo funds to invest in digital assets.
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• malankie gondweOct 31, 2022 · 3 years ago
  No, Venmo doesn't have a feature for buying cryptocurrency. However, you can use Venmo to send money to someone who already owns cryptocurrency, and they can send you the digital assets in return. Just make sure you trust the person you're dealing with, as there's no built-in protection for these types of transactions on Venmo.
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