What are the cash out fees for Venmo in the cryptocurrency industry?

3 answers

• amin BoutalebSep 07, 2022 · 3 years ago
  The cash out fees for Venmo in the cryptocurrency industry vary depending on the specific cryptocurrency and the amount being cashed out. Generally, Venmo charges a fee of around 1-2% for cashing out cryptocurrencies. However, it's important to note that Venmo is primarily a peer-to-peer payment platform and not specifically designed for cryptocurrency transactions. Therefore, it may not be the most cost-effective option for cashing out large amounts of cryptocurrencies. It's recommended to compare the fees and services offered by dedicated cryptocurrency exchanges for better rates and options.
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• Anthony CHIKEZIE COMRADEJan 10, 2024 · 2 years ago
  When it comes to cashing out cryptocurrencies using Venmo, you can expect to pay a fee ranging from 1% to 2%. This fee is charged by Venmo for facilitating the transaction and ensuring the security of the funds. While Venmo is a popular payment platform, it's worth considering other dedicated cryptocurrency exchanges that offer competitive fees and a wider range of services for cashing out cryptocurrencies.
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• Nurb0ssJul 08, 2023 · 3 years ago
  As an expert in the cryptocurrency industry, I can tell you that Venmo is not the most cost-effective option for cashing out cryptocurrencies. While they do offer the convenience of using a popular payment platform, the fees associated with cashing out cryptocurrencies using Venmo can be quite high, typically ranging from 1% to 2%. If you're looking for better rates and options, I would recommend exploring dedicated cryptocurrency exchanges that specialize in cashing out cryptocurrencies. These exchanges often have lower fees and provide a wider range of services tailored to cryptocurrency transactions.
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