How can I send cryptocurrency to Venmo?
fish_averse33Dec 28, 2021 · 3 years ago3 answers
I want to send cryptocurrency to my Venmo account. How can I do that?
3 answers
- Dec 28, 2021 · 3 years agoSending cryptocurrency to Venmo is not currently supported. Venmo is a peer-to-peer payment service that primarily deals with fiat currency, not digital currencies like Bitcoin or Ethereum. If you want to use your cryptocurrency, you can consider converting it to fiat currency on a cryptocurrency exchange and then transferring the funds to your bank account. From there, you can use Venmo to send and receive money as usual.
- Dec 28, 2021 · 3 years agoUnfortunately, you cannot directly send cryptocurrency to Venmo. Venmo only supports transactions in fiat currency. If you want to use your cryptocurrency, you'll need to convert it to cash first. You can do this by selling your cryptocurrency on a reputable exchange and then withdrawing the funds to your bank account. Once the funds are in your bank account, you can transfer them to Venmo and use them for your transactions.
- Dec 28, 2021 · 3 years agoAs of now, Venmo does not support direct transfers of cryptocurrency. However, you can use a third-party service like BYDFi to convert your cryptocurrency to cash and then transfer the funds to your Venmo account. BYDFi is a trusted platform that allows you to easily convert your digital assets to fiat currency and withdraw them to your bank account. Once the funds are in your bank account, you can transfer them to Venmo and use them for your transactions.
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