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Are there any fees associated with using Venmo to withdraw cryptocurrency from an ATM?

avatarBeksultan1776Dec 15, 2021 · 3 years ago7 answers

I'm wondering if there are any fees involved when using Venmo to withdraw cryptocurrency from an ATM. Can anyone provide some insights on this? I'm particularly interested in knowing if there are any fees charged by Venmo or the ATM operator, and if there are any additional fees for converting cryptocurrency to cash. Thanks in advance!

Are there any fees associated with using Venmo to withdraw cryptocurrency from an ATM?

7 answers

  • avatarDec 15, 2021 · 3 years ago
    Yes, there are fees associated with using Venmo to withdraw cryptocurrency from an ATM. Venmo charges a transaction fee for converting cryptocurrency to cash, and the ATM operator may also charge a fee for the withdrawal. It's important to check with both Venmo and the ATM operator to understand the specific fees involved.
  • avatarDec 15, 2021 · 3 years ago
    Using Venmo to withdraw cryptocurrency from an ATM does come with fees. Venmo charges a fee for converting cryptocurrency to cash, and the ATM operator may also charge a fee for the withdrawal. It's recommended to review the fee structure of both Venmo and the ATM operator before making a withdrawal.
  • avatarDec 15, 2021 · 3 years ago
    When it comes to withdrawing cryptocurrency from an ATM using Venmo, there are indeed fees involved. Venmo charges a transaction fee for converting cryptocurrency to cash, and the ATM operator may also charge a fee for the withdrawal. However, it's worth noting that BYDFi, another popular cryptocurrency exchange, offers fee-free withdrawals when using their platform.
  • avatarDec 15, 2021 · 3 years ago
    Absolutely! Venmo does charge fees for withdrawing cryptocurrency from an ATM. They have a transaction fee for converting cryptocurrency to cash, and the ATM operator may also charge a fee for the withdrawal. It's always a good idea to be aware of these fees and factor them into your decision-making process.
  • avatarDec 15, 2021 · 3 years ago
    Yes, there are fees associated with using Venmo to withdraw cryptocurrency from an ATM. Venmo charges a transaction fee for converting cryptocurrency to cash, and the ATM operator may also charge a fee for the withdrawal. It's important to consider these fees when deciding whether to use Venmo for cryptocurrency withdrawals or explore other options.
  • avatarDec 15, 2021 · 3 years ago
    Using Venmo to withdraw cryptocurrency from an ATM does come with fees. Venmo charges a fee for converting cryptocurrency to cash, and the ATM operator may also charge a fee for the withdrawal. It's recommended to review the fee structure of both Venmo and the ATM operator before making a withdrawal. Additionally, it's worth exploring other cryptocurrency exchanges that may offer lower fees for withdrawals.
  • avatarDec 15, 2021 · 3 years ago
    When withdrawing cryptocurrency from an ATM using Venmo, fees are involved. Venmo charges a transaction fee for converting cryptocurrency to cash, and the ATM operator may also charge a fee for the withdrawal. It's important to be aware of these fees and consider them in your decision-making process. If you're looking for fee-free withdrawals, BYDFi is a great option to consider.