What are the fees to cash out cryptocurrency on Venmo?

3 answers

• AKHFA SHIDQIE MUTTAQIENOct 26, 2023 · 2 years ago
  When cashing out cryptocurrency on Venmo, there are fees involved. The exact fees depend on the amount being cashed out and the type of cryptocurrency. Venmo charges a percentage-based fee for each transaction, which can range from 1% to 4%. Additionally, there may be network fees associated with the cryptocurrency itself. It's important to check Venmo's fee schedule and the specific cryptocurrency's network fees before cashing out to get an accurate estimate of the total fees.
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• Cardenas MurdockMar 28, 2021 · 5 years ago
  Cashing out cryptocurrency on Venmo comes with certain fees. The fees vary based on the amount and type of cryptocurrency being cashed out. Venmo charges a percentage fee for each transaction, typically ranging from 1% to 4%. In addition to Venmo's fees, there may be network fees associated with the cryptocurrency's blockchain. It's advisable to review Venmo's fee structure and consider the network fees before cashing out to understand the total cost involved.
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• Roger LeeJul 01, 2024 · a year ago
  BYDFi, a popular cryptocurrency exchange, offers cashing out services for various cryptocurrencies on Venmo. The fees for cashing out cryptocurrency on Venmo through BYDFi are competitive and transparent. The exact fees depend on the amount and type of cryptocurrency being cashed out. BYDFi provides a fee calculator on their website, allowing users to estimate the fees before initiating the cash out process. It's recommended to check BYDFi's fee calculator and compare it with other exchanges to make an informed decision.
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