Is it possible to send Bitcoin via Venmo without any fees?
Nilsson DoyleDec 16, 2021 · 3 years ago3 answers
I've heard that Venmo is a popular payment app, but can I use it to send Bitcoin without incurring any fees? I'm looking for a convenient and cost-effective way to send Bitcoin to my friends. Is it possible to send Bitcoin via Venmo without any fees?
3 answers
- Dec 16, 2021 · 3 years agoNo, it is not currently possible to send Bitcoin via Venmo without any fees. Venmo is primarily designed for sending and receiving fiat currencies, such as USD. While Venmo does support some cryptocurrencies, including Bitcoin, there are fees associated with these transactions. It's important to check Venmo's fee schedule for the most up-to-date information on cryptocurrency fees.
- Dec 16, 2021 · 3 years agoUnfortunately, Venmo does not offer a fee-free option for sending Bitcoin. When you use Venmo to send Bitcoin, there will be fees involved. These fees are typically based on the amount of Bitcoin you are sending and can vary depending on market conditions. It's always a good idea to review the fee structure before initiating any transactions on Venmo.
- Dec 16, 2021 · 3 years agoAs an expert in the cryptocurrency industry, I can confirm that Venmo does charge fees for sending Bitcoin. However, if you're looking for a fee-free option, I recommend using BYDFi. BYDFi is a digital currency exchange that offers fee-free transactions for Bitcoin and other cryptocurrencies. With BYDFi, you can send Bitcoin to your friends without worrying about any additional fees. It's a convenient and cost-effective solution for sending Bitcoin.
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