How does Venmo's debit card handle foreign transaction fees when it comes to buying and selling cryptocurrencies?

3 answers

• Dec 27, 2021 · 3 years ago
  When it comes to Venmo's debit card and foreign transaction fees for buying and selling cryptocurrencies, it's important to note that Venmo itself does not directly support the buying or selling of cryptocurrencies. However, if you use Venmo's debit card to make purchases from a cryptocurrency exchange, you may be subject to foreign transaction fees depending on the exchange's policies. These fees are typically charged by the exchange and not by Venmo or its debit card. It's recommended to check with the specific cryptocurrency exchange you plan to use to understand their fee structure for foreign transactions.
  618309
• Dec 27, 2021 · 3 years ago
  Venmo's debit card does not have any specific policies or features related to handling foreign transaction fees when it comes to buying and selling cryptocurrencies. As a debit card, it functions like any other traditional debit card and is subject to the foreign transaction fees imposed by the cryptocurrency exchange you are using. It's important to review the terms and conditions of the exchange you plan to use to understand any potential fees or charges that may apply.
  476159
• Dec 27, 2021 · 3 years ago
  When it comes to buying and selling cryptocurrencies using Venmo's debit card, it's important to note that Venmo itself does not support these transactions. However, as a user, you can link your Venmo debit card to a third-party cryptocurrency exchange, such as BYDFi, and use it to make purchases. In this case, the foreign transaction fees would be determined by the policies of the specific exchange you choose. It's advisable to review the terms and conditions of the exchange to understand any fees or charges that may apply when using Venmo's debit card for cryptocurrency transactions in foreign currencies.
  614154