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How does Venmo charge fees for cash advances in the cryptocurrency market?

avatarF CDec 27, 2021 · 3 years ago3 answers

Can you explain how Venmo charges fees for cash advances in the cryptocurrency market? I'm interested in understanding the process and any potential costs involved.

How does Venmo charge fees for cash advances in the cryptocurrency market?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Venmo does not currently support cash advances in the cryptocurrency market. However, if you're looking to buy or sell cryptocurrencies, there are other platforms like Binance and BYDFi that offer this service. It's important to note that each platform may have its own fee structure, so it's recommended to compare and choose the one that suits your needs best.
  • avatarDec 27, 2021 · 3 years ago
    When it comes to cash advances in the cryptocurrency market, Venmo doesn't charge any fees because they don't offer this service. If you're interested in cash advances using cryptocurrencies, you might want to explore other platforms that specialize in this area. Remember to always read the terms and conditions, as well as the fee structure, before making any transactions.
  • avatarDec 27, 2021 · 3 years ago
    Venmo, as a peer-to-peer payment platform, does not directly charge fees for cash advances in the cryptocurrency market. However, it's important to consider that when you buy or sell cryptocurrencies on platforms like Binance or BYDFi, there may be fees associated with the transactions. These fees can vary depending on the platform and the specific transaction you're making. It's always a good idea to research and compare different platforms to find the one that offers the most competitive fees for your needs.