Are there any fees associated with sending Bitcoin via Venmo?

3 answers

• Dec 29, 2021 · 3 years ago
  Yes, there are fees associated with sending Bitcoin via Venmo. When you send Bitcoin through Venmo, you may be charged a transaction fee. The exact fee amount may vary depending on the current network congestion and the size of your transaction. It's recommended to check Venmo's fee schedule or contact their customer support for the most up-to-date information.
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• Dec 29, 2021 · 3 years ago
  Sending Bitcoin via Venmo does come with fees. These fees are typically charged by the Bitcoin network itself and not directly by Venmo. The fees are necessary to incentivize miners to include your transaction in the blockchain. The fee amount is determined by the size of your transaction in bytes and the current network congestion. It's important to note that these fees can fluctuate and may be higher during periods of high network activity.
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• Dec 29, 2021 · 3 years ago
  As an expert from BYDFi, I can confirm that there are fees associated with sending Bitcoin via Venmo. These fees are determined by the Bitcoin network and can vary depending on factors such as network congestion and transaction size. It's advisable to check the current fee rates before making a transaction. Additionally, it's worth considering alternative options such as using a different cryptocurrency wallet or exchange platform that may offer lower fees for Bitcoin transactions.
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