How does Venmo charge fees for buying and selling cryptocurrencies?

3 answers

• Deejay CastilloSep 01, 2022 · 3 years ago
  Venmo charges fees for buying and selling cryptocurrencies based on a percentage of the transaction amount. The fee is typically around 1.5% to 2% of the total transaction value. This means that if you buy or sell $100 worth of cryptocurrencies, you can expect to pay a fee of $1.50 to $2.00. The exact fee may vary depending on the specific cryptocurrency and market conditions. It's important to note that Venmo may also charge additional fees for certain types of transactions, such as transferring cryptocurrencies to an external wallet or converting cryptocurrencies to fiat currency.
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• Hawkins OutzenApr 10, 2024 · 2 years ago
  When it comes to fees for buying and selling cryptocurrencies on Venmo, it's important to understand that they can vary depending on several factors. These factors include the specific cryptocurrency being traded, the size of the transaction, and market conditions. Venmo typically charges a percentage-based fee, which means that the fee is calculated as a percentage of the total transaction amount. The exact fee percentage may vary, but it is usually around 1.5% to 2%. It's always a good idea to check Venmo's fee schedule or contact their customer support for the most up-to-date information on fees for buying and selling cryptocurrencies.
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• Armancio OrtegaDec 11, 2020 · 5 years ago
  As an expert in the field, I can tell you that Venmo charges fees for buying and selling cryptocurrencies in a similar way to other popular cryptocurrency exchanges. The fees are usually calculated as a percentage of the transaction amount and can range from 1.5% to 2%. These fees help cover the costs associated with processing the transactions and maintaining the platform. It's worth noting that fees may vary depending on the specific cryptocurrency being traded and market conditions. If you're considering using Venmo for buying and selling cryptocurrencies, it's a good idea to compare their fees with other exchanges to ensure you're getting the best deal.
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