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Are there any fees for sending cryptocurrency on Venmo?

avatarTinasheDec 29, 2021 · 3 years ago3 answers

Can you tell me if there are any fees associated with sending cryptocurrency on Venmo? I'm considering using Venmo to send some crypto to a friend, but I want to know if there are any charges involved.

Are there any fees for sending cryptocurrency on Venmo?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Yes, there are fees for sending cryptocurrency on Venmo. Venmo charges a transaction fee of 1.5% for each cryptocurrency transaction. So, if you send $100 worth of cryptocurrency, you'll be charged $1.50 as a fee. Keep this in mind when using Venmo for crypto transactions.
  • avatarDec 29, 2021 · 3 years ago
    Absolutely! Venmo does charge fees for sending cryptocurrency. The fee is 1.5% of the transaction amount. For example, if you send $100 worth of cryptocurrency, you'll be charged $1.50. It's important to factor in these fees when deciding to use Venmo for crypto transactions.
  • avatarDec 29, 2021 · 3 years ago
    Yes, there are fees for sending cryptocurrency on Venmo. Venmo charges a transaction fee of 1.5% for each cryptocurrency transfer. However, it's worth noting that this fee is relatively low compared to some other platforms. So, if you're looking for a convenient way to send crypto and don't mind paying a small fee, Venmo could be a good option for you.