Is it possible to use Venmo to invest in crypto?

3 answers

• Artis KrauklisSep 11, 2020 · 5 years ago
  Unfortunately, Venmo does not currently support direct purchases of cryptocurrencies. Venmo is primarily a peer-to-peer payment app that allows users to send and receive money from friends and family. While it's a convenient way to transfer funds, it does not offer the functionality to invest in cryptocurrencies. However, there are other platforms and exchanges that do support crypto investments.
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• SRIMATHI PRIYA M CSEJun 27, 2023 · 2 years ago
  Nope, you can't use Venmo to invest in crypto. Venmo is all about splitting bills and paying your friends back, not buying Bitcoin. If you want to invest in cryptocurrencies, you'll need to use a dedicated crypto exchange or trading platform. There are plenty of options out there, so do your research and find one that suits your needs.
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• Darlen SavaNov 28, 2024 · a year ago
  Venmo may not support crypto investments directly, but you can still use Venmo to fund your crypto trading account on platforms like BYDFi. BYDFi allows you to link your Venmo account and transfer funds to buy cryptocurrencies. It's a convenient way to get started with crypto investing if you're already using Venmo for other transactions. Just make sure to do your due diligence and research the platform before investing.
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