Venmo Rolls Out Crypto Buying and Selling in App

Venmo allows users in the U.S. (except Hawaii) to buy, sell, and hold cryptocurrencies like Bitcoin directly within the app.
To buy Bitcoin on Venmo, users can use their Venmo balance, bank account, or debit card. Credit cards are not allowed for crypto purchases.
There are weekly and yearly caps on how much crypto can be purchased through Venmo. The exchange rate determines how much Bitcoin is received.
Fees for buying crypto on Venmo include a spread between market price and exchange rate, plus a transaction fee. Total fees are estimated around 0.50%.
Cryptocurrency purchased on Venmo is limited to the app. It's not possible to transfer coins to external wallets or platforms.

cointelegraph.com

Relevant topic timeline:

9/20/2023

Venmo Rolls Out PayPal's New PYUSD Stablecoin, Lets Users Buy 5 Cryptos With No Fees

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