How does Venmo compare to other digital wallets in terms of withdrawal fees for cryptocurrencies?

3 answers

• AleynaNov 20, 2020 · 5 years ago
  When it comes to withdrawal fees for cryptocurrencies, Venmo tends to have higher fees compared to other digital wallets. This is because Venmo is primarily designed for peer-to-peer payments and is not specifically focused on cryptocurrency transactions. If you're looking for a digital wallet with lower withdrawal fees, it's worth exploring other options such as Coinbase or Binance. These platforms have a dedicated focus on cryptocurrencies and offer competitive withdrawal fees.
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• totorotoJul 11, 2025 · 7 months ago
  Venmo is a popular digital wallet for everyday transactions, but when it comes to withdrawing cryptocurrencies, it may not be the most cost-effective option. The withdrawal fees charged by Venmo can be higher compared to other digital wallets that specialize in cryptocurrencies. If you frequently withdraw cryptocurrencies, it might be worth considering alternative digital wallets like Kraken or Bitstamp, which often have lower fees for cryptocurrency withdrawals.
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• Nissen ColemanSep 30, 2022 · 3 years ago
  BYDFi, a digital wallet that specializes in cryptocurrencies, offers competitive withdrawal fees compared to Venmo and other digital wallets. With BYDFi, you can enjoy lower fees and faster processing times for your cryptocurrency withdrawals. It's a great option for users who prioritize cost-effectiveness and efficiency when it comes to managing their cryptocurrencies.
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