How do Venmo fees compare to other platforms for trading digital currencies?

3 answers

• Pedro SaenzApr 02, 2022 · 4 years ago
  Venmo, known for its convenient peer-to-peer payment service, is not typically used as a platform for trading digital currencies. While Venmo does allow users to buy and sell cryptocurrencies, its fees are generally higher compared to dedicated cryptocurrency exchanges. If you're looking for the best rates and lowest fees, it's recommended to explore other platforms specifically designed for trading digital currencies.
  422

  211
• Aasutosh JaiswalMar 06, 2023 · 3 years ago
  When it comes to trading digital currencies, Venmo may not be the most cost-effective option. While Venmo offers convenience for everyday transactions, its fees for buying and selling cryptocurrencies can be higher compared to specialized cryptocurrency exchanges. If you're actively trading digital currencies, it's worth considering other platforms that offer competitive fees and a wider range of trading options.
  416

  139
• DinJul 09, 2025 · 5 months ago
  Venmo, being primarily a peer-to-peer payment service, is not the most competitive platform for trading digital currencies. If you're looking for lower fees and a more diverse range of cryptocurrencies to trade, I would recommend exploring dedicated cryptocurrency exchanges such as BYDFi. These exchanges often offer more competitive fees and a wider selection of digital currencies to choose from, making them a better choice for serious traders.
  448

  112