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What are the fees for buying crypto on Venmo?

avatarKianaDec 29, 2021 · 3 years ago3 answers

Can you tell me about the fees associated with buying cryptocurrency on Venmo? I'm interested in knowing how much it costs to buy crypto using Venmo and if there are any additional charges or hidden fees.

What are the fees for buying crypto on Venmo?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    When buying crypto on Venmo, you'll be charged a fee of 2.3% of the transaction amount. This fee is applied to both buying and selling crypto on the platform. Additionally, Venmo may also charge a spread, which is the difference between the market price and the price you pay. It's important to note that the spread can vary depending on market conditions. Overall, Venmo aims to provide transparent pricing and fees for its users.
  • avatarDec 29, 2021 · 3 years ago
    The fees for buying crypto on Venmo are relatively competitive compared to other platforms. Venmo charges a fee of 2.3% for each transaction, which includes both buying and selling crypto. This fee covers the costs associated with processing the transaction and maintaining the platform. While there are no hidden fees, it's worth noting that the price you pay for crypto on Venmo may include a spread, which is the difference between the market price and the price you pay. This spread can vary depending on market conditions.
  • avatarDec 29, 2021 · 3 years ago
    When it comes to buying crypto on Venmo, you'll be charged a fee of 2.3% for each transaction. This fee covers the costs associated with processing the transaction and providing the necessary infrastructure for buying and selling crypto. In addition to the fee, there may be a spread involved, which is the difference between the market price and the price you pay. The spread can vary depending on market conditions. Overall, Venmo aims to offer a convenient and transparent way for users to buy and sell crypto, with competitive fees and pricing.