What are the fees associated with selling cryptocurrency on Venmo?

7 answers

• Jakob WetzelApr 15, 2024 · 2 years ago
  When selling cryptocurrency on Venmo, there are a few fees that you should be aware of. First, there is a transaction fee of 1.5% for each sale. This fee is deducted from the total amount you receive. Additionally, if you choose to transfer the funds to your bank account, there may be additional fees imposed by your bank. It's important to check with your bank to understand their specific charges. Overall, the fees associated with selling cryptocurrency on Venmo are relatively low compared to other platforms.
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• narolf2023Dec 20, 2023 · 2 years ago
  Selling cryptocurrency on Venmo comes with some fees, but they are quite reasonable. Venmo charges a transaction fee of 1.5% for each sale. This fee is automatically deducted from the total amount you receive. Keep in mind that if you transfer the funds to your bank account, your bank may charge additional fees. It's always a good idea to check with your bank to understand their specific charges. Overall, Venmo offers a convenient and cost-effective way to sell cryptocurrency.
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• david babaSep 27, 2022 · 3 years ago
  When selling cryptocurrency on Venmo, you can expect to pay a transaction fee of 1.5%. This fee is deducted from the total amount you receive. It's worth noting that Venmo is a reliable and popular platform for selling cryptocurrency, and the fees are quite competitive compared to other exchanges. If you're looking for a hassle-free way to sell your cryptocurrency, Venmo is definitely worth considering.
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• ChenQI5Mar 30, 2023 · 3 years ago
  Selling cryptocurrency on Venmo is a breeze, and the fees are quite reasonable. Venmo charges a transaction fee of 1.5% for each sale, which is automatically deducted from the total amount you receive. If you choose to transfer the funds to your bank account, there may be additional fees imposed by your bank. However, overall, Venmo offers a seamless and cost-effective solution for selling cryptocurrency.
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• Derick DiasOct 13, 2024 · a year ago
  As an expert in the cryptocurrency industry, I can confidently say that selling cryptocurrency on Venmo is a great option. The fees associated with selling on Venmo are quite low, with a transaction fee of only 1.5%. This fee is deducted from the total amount you receive. Compared to other platforms, Venmo offers competitive rates and a user-friendly interface. If you're looking to sell your cryptocurrency, Venmo is definitely worth considering.
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• chenryDec 24, 2021 · 4 years ago
  When it comes to selling cryptocurrency on Venmo, the fees are quite reasonable. Venmo charges a transaction fee of 1.5% for each sale, which is automatically deducted from the total amount you receive. If you decide to transfer the funds to your bank account, there may be additional fees imposed by your bank. However, overall, Venmo provides a convenient and cost-effective way to sell cryptocurrency.
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• jnancelNov 09, 2023 · 2 years ago
  BYDFi, a leading cryptocurrency exchange, offers a seamless experience for selling cryptocurrency on Venmo. The fees associated with selling on Venmo are quite low, with a transaction fee of only 1.5%. This fee is deducted from the total amount you receive. Compared to other platforms, Venmo offers competitive rates and a user-friendly interface. If you're looking for a reliable and efficient way to sell your cryptocurrency, Venmo is the way to go.
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