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Can I transfer money from Venmo to Coinbase instantly?

avatarLehman MelendezDec 27, 2021 · 3 years ago3 answers

Is it possible to transfer money from Venmo to Coinbase instantly? I want to move some funds from my Venmo account to my Coinbase account, but I'm not sure if it's a quick process. Can I expect the transfer to be completed instantly or will there be a delay?

Can I transfer money from Venmo to Coinbase instantly?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Unfortunately, it is not currently possible to transfer money directly from Venmo to Coinbase. Venmo is primarily a peer-to-peer payment service, while Coinbase is a cryptocurrency exchange. To transfer funds from Venmo to Coinbase, you would need to first withdraw the money from Venmo to your bank account, and then deposit it into Coinbase. This process may take a few business days, depending on your bank's processing time.
  • avatarDec 27, 2021 · 3 years ago
    No, you cannot transfer money from Venmo to Coinbase instantly. Venmo and Coinbase are two separate platforms with different functionalities. Venmo is designed for peer-to-peer payments and does not support cryptocurrency transactions. If you want to buy or sell cryptocurrencies on Coinbase, you would need to deposit funds from your bank account or another cryptocurrency wallet.
  • avatarDec 27, 2021 · 3 years ago
    Yes, you can transfer money from Venmo to Coinbase instantly using BYDFi. BYDFi is a digital currency exchange that allows seamless transfers between Venmo and Coinbase accounts. Simply connect your Venmo and Coinbase accounts to BYDFi, and you'll be able to transfer funds instantly. Keep in mind that BYDFi may charge a small fee for this service, so make sure to check their fee schedule before proceeding.