Home Litecoin How do I buy cryptocurrency on Venmo? Can I trade Bitcoin, Ethereum and Litecoin?

How do I buy cryptocurrency on Venmo? Can I trade Bitcoin, Ethereum and Litecoin?

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Venmo and cryptocurrency have one factor in frequent — each are booming proper now.

Cashless and contactless fee strategies have develop into exceptionally fashionable, particularly because of the coronavirus pandemic, whereas cryptocurrencies resembling Bitcoin have hit over $50,000 for the primary time since Could.

One of the vital fashionable payment-sharing apps is Venmo, particularly on the subject of sending pals cash to separate a invoice or repay a debt of some type. All it’s important to do is link your bank, debit or credit card account. Do observe, although, there’s a 3% charge for sending cash utilizing a linked bank card. You may as well trade select cryptocurrencies.

Venmo has the next cryptocurrencies available for trading: Bitcoin, Ethereum, Litecoin and Bitcoin Money.

All it’s important to do is open the Venmo app and choose “Crypto” from the menu to get began. You’ll be able to make investments as little as a $1.

Join for an account here.

What’s cryptocurrency?

Cryptocurrency is a digital asset designed for use over the web, according to Coinbase. It’s decentralized, that means it isn’t managed by the federal government or another central authority resembling a financial institution.

If you wish to educate your self extra on cryptocurrency and the way it works, you possibly can all the time enroll in an internet course, too. Programs are supplied at on-line platforms Coursera, LinkedIn Learning and Udemy.

For those who’re thinking about investing in different cryptocurrencies resembling Dogecoin and Cardano, listed here are some choices to get you began:

Which retailers settle for Venmo as fee?

Right here’s a full checklist of outlets that immediately settle for Venmo as fee:

For those who favor an precise card versus an app, you can apply for a Venmo credit card via Visa or a debit card via Grasp Card on the app. You’ll be able to hold monitor of all buy exercise via the app.

Listed below are simply among the retailers that settle for Venmo credit score and debit playing cards (Visa and Grasp Card) as fee:


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Nicolette Accardi will be reached at naccardi@njadvancemedia.com. Comply with her on Twitter: @N_Accardi. Discover NJ.com on Facebook. Have a tip? Inform us. nj.com/tips

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