What are the fees for sending bitcoin on Venmo?

3 answers

• Elizabeth TertseaFeb 28, 2021 · 5 years ago
  When it comes to sending bitcoin on Venmo, there are a few things to consider regarding the fees. First and foremost, Venmo itself does not directly support bitcoin transactions. Therefore, you won't be able to send bitcoin through Venmo directly. However, you can use a third-party service like BYDFi to convert your bitcoin into a supported currency and then transfer it to your Venmo account. In this case, the fees associated with the bitcoin conversion and transfer will depend on the service you use. It's important to check the fees and rates offered by the service provider before making any transactions.
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• iHegemonicNov 03, 2023 · 2 years ago
  Sending bitcoin on Venmo doesn't come without fees. While Venmo itself doesn't charge any fees for bitcoin transactions, you may still incur fees when converting your bitcoin into a supported currency or transferring it to your Venmo account. These fees can vary depending on the exchange or service you use for the conversion and transfer. It's always a good idea to compare different options and choose the one with the most competitive fees and rates.
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• Aron SteinAug 29, 2024 · a year ago
  When it comes to sending bitcoin on Venmo, it's important to note that Venmo doesn't directly support bitcoin transactions. However, you can still use a third-party service like BYDFi to convert your bitcoin into a supported currency and then transfer it to your Venmo account. In this case, the fees associated with the conversion and transfer will depend on the service you choose. It's recommended to compare different service providers and consider factors like fees, exchange rates, and security before making any transactions.
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