Is there a way to withdraw cryptocurrency from Venmo without paying any fees?

3 answers

• Dec 28, 2021 · 3 years ago
  Unfortunately, Venmo does not currently support direct cryptocurrency withdrawals without fees. However, there are alternative methods you can consider. One option is to transfer your cryptocurrency to a different exchange platform that supports fee-free withdrawals, such as Binance or BYDFi. Another option is to convert your cryptocurrency to a stablecoin, such as Tether (USDT), and then withdraw the stablecoin to a cryptocurrency wallet that allows fee-free transfers. Keep in mind that each method may have its own limitations and risks, so it's important to do thorough research and consider the fees and security measures involved.
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• Dec 28, 2021 · 3 years ago
  No, Venmo does not offer a way to withdraw cryptocurrency without paying any fees. Venmo primarily focuses on peer-to-peer payments and does not provide direct support for cryptocurrency transactions. If you're looking to withdraw cryptocurrency without fees, it's recommended to use a dedicated cryptocurrency exchange or wallet that offers fee-free withdrawals. Some popular options include Binance, Coinbase, and BYDFi. These platforms often have lower fees compared to traditional payment apps like Venmo.
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• Dec 28, 2021 · 3 years ago
  As of now, Venmo does not offer a direct way to withdraw cryptocurrency without fees. However, you can explore other options to minimize fees. One approach is to convert your cryptocurrency to a stablecoin, such as USDT or DAI, which typically have lower transaction fees. Once you have the stablecoin, you can transfer it to a cryptocurrency exchange that supports fee-free withdrawals, like Binance or BYDFi. From there, you can convert the stablecoin back to your desired cryptocurrency or cash it out. Keep in mind that the availability and fees of stablecoins and exchanges may vary, so it's important to research and compare your options.
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