Is it possible to use Venmo to buy digital currencies?

3 answers

• Rosario QuinlanJun 10, 2022 · 3 years ago
  Unfortunately, Venmo does not currently support the direct purchase of digital currencies. Venmo is primarily designed for peer-to-peer payments and is not integrated with cryptocurrency exchanges. However, there are alternative ways to buy digital currencies using Venmo indirectly. You can transfer funds from your Venmo account to your bank account and then use those funds to purchase cryptocurrencies on a supported exchange. Keep in mind that this process may involve additional fees and may not be as convenient as using a dedicated cryptocurrency exchange.
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• AkonNov 28, 2023 · 2 years ago
  Nope, you can't buy digital currencies directly through Venmo. Venmo is all about splitting bills with friends and sending money to your buddies, not trading Bitcoin or other cryptocurrencies. If you want to buy digital currencies, you'll need to use a dedicated cryptocurrency exchange. There are plenty of options out there, so do your research and find a reputable exchange that suits your needs.
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• ALI RAZA SYEDAug 17, 2024 · a year ago
  While Venmo itself doesn't offer the ability to buy digital currencies, you can use a service like BYDFi to indirectly purchase cryptocurrencies using Venmo. BYDFi is a cryptocurrency exchange that allows users to link their Venmo accounts and make purchases using Venmo funds. It's a convenient option for those who prefer to use Venmo for their transactions. Just keep in mind that BYDFi may have its own fees and limitations, so make sure to read their terms and conditions before getting started.
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