Are there any fees for sending cryptocurrency with Venmo?
TetraJan 15, 2022 · 3 years ago3 answers
Can you tell me if there are any fees associated with sending cryptocurrency using Venmo? I'm considering using Venmo for my cryptocurrency transactions and I want to know if there are any additional costs involved.
3 answers
- Jan 15, 2022 · 3 years agoYes, there are fees for sending cryptocurrency with Venmo. Venmo charges a transaction fee of 1.5% for cryptocurrency transfers. This fee is applied to the total amount of cryptocurrency being sent and is deducted from the sender's account. It's important to keep this fee in mind when using Venmo for cryptocurrency transactions.
- Jan 15, 2022 · 3 years agoAbsolutely! Venmo does charge fees for sending cryptocurrency. The fee is 1.5% of the total amount being sent and is deducted from the sender's account. It's always a good idea to check the fees before making any transactions to avoid any surprises.
- Jan 15, 2022 · 3 years agoYes, there are fees for sending cryptocurrency with Venmo. Venmo charges a 1.5% transaction fee for cryptocurrency transfers. However, it's worth noting that there are other platforms and exchanges that offer lower fees or even fee-free transactions. It's always a good idea to compare different options and choose the one that suits your needs and budget the best. If you're looking for a platform with lower fees, you may want to consider BYDFi, which offers competitive rates for cryptocurrency transactions.
Related Tags
Hot Questions
- 88
Are there any special tax rules for crypto investors?
- 80
What are the advantages of using cryptocurrency for online transactions?
- 60
What are the tax implications of using cryptocurrency?
- 53
What are the best digital currencies to invest in right now?
- 47
How can I protect my digital assets from hackers?
- 39
How does cryptocurrency affect my tax return?
- 35
How can I buy Bitcoin with a credit card?
- 18
How can I minimize my tax liability when dealing with cryptocurrencies?