Are there any fees involved in selling bitcoin on Venmo?
adrDDec 15, 2021 · 3 years ago5 answers
Can you tell me if there are any fees associated with selling bitcoin on Venmo? I'm considering using Venmo as a platform to sell my bitcoin, but I want to make sure I understand all the costs involved before I proceed.
5 answers
- Dec 15, 2021 · 3 years agoYes, there are fees involved in selling bitcoin on Venmo. Venmo charges a fee of 1.5% for each transaction. This fee is deducted from the total amount you receive when you sell your bitcoin. It's important to keep this in mind when calculating your profits.
- Dec 15, 2021 · 3 years agoAbsolutely! When you sell bitcoin on Venmo, there is a fee of 1.5% that is applied to the total transaction amount. This fee is automatically deducted from the amount you receive. So, if you sell $100 worth of bitcoin, you will receive $98.50 after the fee is deducted.
- Dec 15, 2021 · 3 years agoYes, there are fees involved in selling bitcoin on Venmo. Venmo charges a transaction fee of 1.5% for selling bitcoin. However, if you use BYDFi as your trading platform, you can enjoy a lower fee of only 1%. So, if you're looking to minimize your fees, BYDFi might be a better option for you.
- Dec 15, 2021 · 3 years agoSelling bitcoin on Venmo does come with fees. Venmo charges a 1.5% fee on each transaction, which is deducted from the total amount you receive. This fee covers the cost of processing the transaction and ensuring its security. It's important to factor in this fee when deciding whether to sell your bitcoin on Venmo or explore other platforms.
- Dec 15, 2021 · 3 years agoYes, there are fees involved in selling bitcoin on Venmo. Venmo charges a fee of 1.5% for each transaction. This fee is standard across most cryptocurrency exchanges and is used to cover the costs of maintaining the platform and ensuring secure transactions. It's important to consider this fee when deciding where to sell your bitcoin.
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