What are the fees associated with using Venmo for cryptocurrency transactions?

3 answers

• Marianito TaparOct 17, 2024 · a year ago
  When using Venmo for cryptocurrency transactions, there are a few fees to keep in mind. First, Venmo charges a transaction fee of 1.5% for buying or selling cryptocurrencies. This fee is calculated based on the total transaction amount. Additionally, there might be network fees associated with the specific cryptocurrency you are trading. These network fees are determined by the blockchain network and can vary depending on the current network congestion. It's important to consider these fees when using Venmo for cryptocurrency transactions to ensure you are aware of the total cost involved.
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• Amal Ben NasrMay 07, 2024 · 2 years ago
  Venmo charges a transaction fee of 1.5% for cryptocurrency transactions. This fee is deducted from the total transaction amount. In addition to the transaction fee, there might be network fees associated with the specific cryptocurrency you are trading. These network fees are paid to miners to process and validate transactions on the blockchain network. The amount of network fees can vary depending on the current network congestion and the cryptocurrency you are trading. It's always a good idea to check the current fees before making any cryptocurrency transactions on Venmo.
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• QuantumheistNov 01, 2022 · 3 years ago
  When it comes to fees associated with using Venmo for cryptocurrency transactions, it's important to note that Venmo itself does not charge any fees. However, there might be network fees associated with the specific cryptocurrency you are trading. These network fees are determined by the blockchain network and are paid to miners to process transactions. The amount of network fees can vary depending on the current network congestion and the cryptocurrency you are trading. It's always a good idea to check the current network fees before making any cryptocurrency transactions on Venmo or any other platform.
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