Yes, you can send cryptocurrency on Venmo. Venmo allows users to transfer crypto to other Venmo users, PayPal users, and external crypto wallets.
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How to Send Crypto on Venmo
To send crypto:
- Go to the Crypto tab.
- Pick the crypto you want to send.
- Tap the transfer arrows.
- Choose to send crypto.
Minimum Transfer Amounts
For internal transfers, the minimum is 0.01. External transfers have different minimums, such as:
- 0.001 BTC
- 0.01 LTC
- 0.01 ETH
- 0.01 BCash
- 10 ERC-20 PYUSD
- 1 SOL
Venmo and PayPal
Venmo is owned by PayPal. You can transfer crypto between Venmo and PayPal accounts without fees.
Limitations
Venmo and Cash App do not support direct cryptocurrency transfers between platforms. You may need to sell crypto on Venmo first.
Kinda neat though if you were looking to use an ENS to collect/send money.
Ive been buying BTC through my Venmo app.
While convenient, consider potential network fees for external wallet transfers. Always double-check the recipient’s address to avoid loss of funds.
Security Considerations
Treat your Venmo crypto holdings with the same security measures you would any other cryptocurrency investment. Enable two-factor authentication and be wary of phishing attempts.
Staying Informed
The cryptocurrency landscape is constantly evolving, so stay updated on Venmo’s crypto policies and any changes to transaction fees or limitations.
Be aware that crypto is a volatile asset. Prices can fluctuate wildly, and you could lose money on your investment.
Consult with a financial advisor before making any investment decisions.
Always do your own research (DYOR) before buying or selling any cryptocurrency.
