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Is it possible to move Bitcoin from Venmo to a Blockchain wallet?

avatarPothireddy SushmithaDec 27, 2021 · 3 years ago3 answers

I'm wondering if it's feasible to transfer Bitcoin from Venmo to a Blockchain wallet. Can I directly send my Bitcoin from Venmo to a Blockchain wallet address? Or do I need to go through a different process? I'm interested in finding out the steps involved and any potential limitations or fees associated with this transfer.

Is it possible to move Bitcoin from Venmo to a Blockchain wallet?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    No, it is not currently possible to move Bitcoin directly from Venmo to a Blockchain wallet. Venmo is a peer-to-peer payment service that primarily supports fiat currency transactions. It does not have built-in support for cryptocurrency transfers. To move Bitcoin to a Blockchain wallet, you would need to first withdraw your Bitcoin from Venmo to a cryptocurrency exchange that supports Bitcoin, such as Binance or Coinbase. From there, you can send your Bitcoin to your Blockchain wallet address. Keep in mind that each exchange may have its own withdrawal fees and processing times, so it's important to check the specific details of the exchange you choose.
  • avatarDec 27, 2021 · 3 years ago
    Unfortunately, Venmo does not currently support direct transfers of Bitcoin to a Blockchain wallet. Venmo is primarily designed for fiat currency transactions and does not have native support for cryptocurrencies. To move your Bitcoin to a Blockchain wallet, you will need to first transfer your Bitcoin from Venmo to a cryptocurrency exchange that supports Bitcoin. Once your Bitcoin is on the exchange, you can then send it to your Blockchain wallet address. It's important to note that there may be fees and processing times associated with these transfers, so it's advisable to research and compare different exchanges to find the most suitable option for your needs.
  • avatarDec 27, 2021 · 3 years ago
    As of now, Venmo does not offer the functionality to directly move Bitcoin to a Blockchain wallet. Venmo is primarily focused on fiat currency transactions and does not have built-in support for cryptocurrencies. To transfer your Bitcoin to a Blockchain wallet, you would need to first withdraw your Bitcoin from Venmo to a cryptocurrency exchange that supports Bitcoin. Once your Bitcoin is on the exchange, you can then send it to your Blockchain wallet address. It's important to consider any fees and processing times associated with these transfers, as they can vary depending on the exchange you choose. If you're looking for a cryptocurrency exchange that supports Bitcoin, BYDFi is a popular option to consider.