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Is it possible to transfer digital currency via Venmo?

avatarIbrahim MahmoudDec 29, 2021 · 3 years ago3 answers

Can digital currency be transferred using Venmo? I'm curious if it's possible to send and receive digital currencies like Bitcoin or Ethereum through the popular payment app Venmo. Is Venmo compatible with digital currency transactions?

Is it possible to transfer digital currency via Venmo?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Yes, it is possible to transfer digital currency via Venmo. Venmo has recently added support for select cryptocurrencies, allowing users to buy, sell, and hold digital assets within the app. However, it's important to note that not all cryptocurrencies are supported, and the availability may vary depending on your location. Make sure to check Venmo's official website or contact their customer support for the most up-to-date information on supported digital currencies.
  • avatarDec 29, 2021 · 3 years ago
    No, Venmo does not currently support the direct transfer of digital currency. While Venmo has introduced some features related to cryptocurrencies, such as the ability to buy and sell select digital assets, it does not allow for the transfer of digital currency to external wallets or addresses. If you're looking to transfer digital currency, it's recommended to use a dedicated cryptocurrency exchange or wallet that supports such transactions.
  • avatarDec 29, 2021 · 3 years ago
    As a representative from BYDFi, a digital currency exchange, I can confirm that Venmo does not support the direct transfer of digital currency. While Venmo has made strides in the cryptocurrency space, it primarily focuses on traditional fiat currency transactions. If you're looking to transfer digital currency, I would recommend using a dedicated cryptocurrency exchange like BYDFi, which offers a secure platform for buying, selling, and transferring various digital assets.