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Can I use Venmo to buy cryptocurrencies?

avatarAriel Jesús Rosas HernándezNov 24, 2021 · 3 years ago3 answers

Is it possible to use Venmo, a popular mobile payment service, to purchase cryptocurrencies? I'm curious if I can use my Venmo account to invest in digital currencies like Bitcoin or Ethereum. Can Venmo be used as a platform for buying and selling cryptocurrencies?

Can I use Venmo to buy cryptocurrencies?

3 answers

  • avatarNov 24, 2021 · 3 years ago
    No, Venmo does not currently support the direct purchase or sale of cryptocurrencies. It is primarily designed for peer-to-peer payments and transactions between individuals. If you want to buy cryptocurrencies, you'll need to use a dedicated cryptocurrency exchange or trading platform.
  • avatarNov 24, 2021 · 3 years ago
    Unfortunately, Venmo does not offer the option to buy cryptocurrencies. It's important to note that Venmo is owned by PayPal, and while PayPal has started to offer limited cryptocurrency services, Venmo itself does not support this feature at the moment.
  • avatarNov 24, 2021 · 3 years ago
    While Venmo does not directly support buying cryptocurrencies, you can still use Venmo to fund your account on other cryptocurrency exchanges. Many exchanges allow you to link your Venmo account and transfer funds to buy cryptocurrencies. Just make sure to choose a reputable exchange that supports Venmo as a funding option.