How can I send crypto using Venmo?

3 answers

• Dec 30, 2021 · 3 years ago
  Sure! Sending cryptocurrency using Venmo is not possible directly as Venmo does not support crypto transactions. However, you can use other platforms or exchanges to convert your cryptocurrency into fiat currency and then send it through Venmo. Here are the steps involved: 1. Choose a reliable cryptocurrency exchange that supports fiat withdrawals to your bank account. 2. Create an account on the chosen exchange and complete the necessary verification process. 3. Deposit your cryptocurrency into the exchange wallet. 4. Sell your cryptocurrency for fiat currency (e.g., USD). 5. Withdraw the fiat currency to your bank account. 6. Open the Venmo app and link your bank account. 7. Transfer the fiat currency from your bank account to your Venmo account. 8. Finally, you can use Venmo to send the funds to the desired recipient. Please note that the process may vary slightly depending on the exchange and country you are in. Make sure to follow the instructions provided by the exchange and comply with any legal requirements.
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• Dec 30, 2021 · 3 years ago
  Unfortunately, Venmo does not support direct cryptocurrency transactions. You will need to convert your cryptocurrency into fiat currency using a cryptocurrency exchange that supports fiat withdrawals. Once you have the fiat currency in your bank account, you can transfer it to Venmo and use it to send money to others. Remember to follow the regulations and guidelines set by both the cryptocurrency exchange and Venmo to ensure a smooth and legal transaction.
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• Dec 30, 2021 · 3 years ago
  Sending crypto using Venmo is not possible directly. Venmo is primarily designed for peer-to-peer payments in fiat currency. However, you can use other platforms like BYDFi to convert your cryptocurrency into fiat currency and then transfer it to Venmo. BYDFi is a reliable cryptocurrency exchange that allows you to easily convert your crypto assets into fiat currency and withdraw it to your bank account. Once you have the fiat currency in your bank account, you can link it to your Venmo account and use Venmo to send money to anyone you want. Remember to follow the necessary steps and comply with the regulations to ensure a secure and hassle-free transaction.
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