How To Buy Bitcoin With Venmo
Top Bitcoin Brokers That Accept Venmo
What Is a Venmo Bitcoin Broker?
A Bitcoin broker is a digital service that performs Bitcoin trades for you. Venmo is a mobile payment platform through which you transfer money. Many Bitcoin brokers will accept Venmo as a way to deposit funds.
What Crypto Platforms Accept Venmo?
Many different Bitcoin platforms accept Venmo as a payment method. These include:
How to Buy Bitcoin With Venmo
If you are looking to purchase Bitcoin online with Venmo, follow these steps:
Step 1: Find an exchange
Step 2: Sign up and fund a purchase
Step 3: Make a purchase
Step 4: Alternatively, buy your Bitcoins directly through Venmo
How to Deposit and Withdraw via Venmo
Here are a few quick steps you can follow to deposit money via Venmo:
Step 1: Create an account on Venmo
Step 2: Find a broker that accepts Venmo payments
Step 3: Choose the Venmo option
Step 4: Link your Venmo account with your broker account
Step 5: Set the amount of Bitcoin you want
The withdrawal process is similar to the deposit process. Simply perform the steps above when clicking “Withdraw”. If your Bitcoin broker accepts Venmo, you will be able to use Venmo to make a withdrawal, even if you used an alternative payment method when making your deposit.
What Should I Look for in a Venmo Bitcoin Broker?
When searching for a Venmo Bitcoin broker, you should look for some key features. These include:
Competitive Transaction Fees:
Transaction fees vary from brokerage to brokerage. Look for reasonable transaction fees when choosing a Venmo Bitcoin broker.
Any good Venmo broker should let you make your Bitcoin purchases in less than a few minutes. Ideally, your transactions should be instantaneous.
Trustworthy Venmo brokers make it easy for you to purchase Bitcoin. Stay away from any brokers that complicate the process and look for one that offers a user-friendly interface, quality app, and minimal fuss.
You should always choose a Venmo broker that has plenty of positive reviews from other people. This is the best way to find a broker you can trust.
Excellent Track Record:
A broker should also have a solid track record that spans several years.
Should I buy Bitcoin using Venmo?
Is Using Venmo the Best Way to Buy Bitcoin?
While Venmo offers a fast and convenient way to purchase Bitcoin thanks to being able to buy cryptocurrency directly through the app, we recommend purchasing Bitcoin with a credit or debit card if your card supports “3D Secure”. When you use this payment method, you do not have to pre-fund your account – you can simply purchase Bitcoin instantly.
What Are the Alternative Payment Methods to Buy Bitcoin With?
There are numerous alternative methods to purchase Bitcoin. These include:
You can use Apple Pay to buy Bitcoin. Simply select the Apple Pay option during your deposit process. You can also purchase Bitcoins with Apple Pay if you use the Exodus Wallet on iOS.
You can purchase Bitcoin with an American Express card. Simply follow the deposit procedure on your Bitcoin broker, then select the American Express payment method.
Credit / Debit Card:
Other Ways to Buy Bitcoin:
There are many more ways to buy Bitcoin online.
Final Thoughts on Using Venmo to Buy Bitcoin
In summary, Venmo is a quick and convenient way to purchase Bitcoin. It can be used to buy cryptocurrency from various platforms. However, you should bear in mind that not all brokers will accept Venmo. In our opinion, the safest way to purchase Bitcoin is through a credit or debit card that supports “3D Secure” payments, as you won’t need to add funds to your broker account.