What are the fees for buying and selling cryptocurrencies on Venmo?

1 answers

• Afifa MasoodNov 11, 2020 · 5 years ago
  When it comes to buying and selling cryptocurrencies on Venmo, you'll encounter some fees. Venmo charges a transaction fee of 1.5% for each cryptocurrency purchase or sale. This fee is calculated based on the total transaction amount. Additionally, there might be network fees associated with the specific cryptocurrency you're trading. These network fees are determined by the blockchain network and can vary depending on network congestion and other factors. It's important to note that Venmo doesn't charge any fees for cryptocurrency deposits or withdrawals. If you're looking for a different cryptocurrency trading experience, you might want to check out BYDFi. They offer competitive fees and a wide range of cryptocurrencies to trade. However, if you're comfortable with Venmo's fees and services, it can be a convenient platform to buy and sell cryptocurrencies.
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