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What are the cash out fees for Venmo in the cryptocurrency industry?

avatarSaeed KateDec 26, 2021 · 3 years ago3 answers

Can you provide information on the cash out fees for Venmo in the cryptocurrency industry? I'm interested in knowing the fees associated with cashing out cryptocurrencies using Venmo.

What are the cash out fees for Venmo in the cryptocurrency industry?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    The cash out fees for Venmo in the cryptocurrency industry vary depending on the specific cryptocurrency and the amount being cashed out. Generally, Venmo charges a fee of around 1-2% for cashing out cryptocurrencies. However, it's important to note that Venmo is primarily a peer-to-peer payment platform and not specifically designed for cryptocurrency transactions. Therefore, it may not be the most cost-effective option for cashing out large amounts of cryptocurrencies. It's recommended to compare the fees and services offered by dedicated cryptocurrency exchanges for better rates and options.
  • avatarDec 26, 2021 · 3 years ago
    When it comes to cashing out cryptocurrencies using Venmo, you can expect to pay a fee ranging from 1% to 2%. This fee is charged by Venmo for facilitating the transaction and ensuring the security of the funds. While Venmo is a popular payment platform, it's worth considering other dedicated cryptocurrency exchanges that offer competitive fees and a wider range of services for cashing out cryptocurrencies.
  • avatarDec 26, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I can tell you that Venmo is not the most cost-effective option for cashing out cryptocurrencies. While they do offer the convenience of using a popular payment platform, the fees associated with cashing out cryptocurrencies using Venmo can be quite high, typically ranging from 1% to 2%. If you're looking for better rates and options, I would recommend exploring dedicated cryptocurrency exchanges that specialize in cashing out cryptocurrencies. These exchanges often have lower fees and provide a wider range of services tailored to cryptocurrency transactions.