Where & How to Buy Bitcoin (BTC) with Venmo

 

Venmo is also a popular method for securely buying and selling Bitcoin instantly.

On the Venmo payment processor platform, users can link a bank account, or card as a funding method to send money to other people.

One thing the world at large is still not clear on, is how to go about acquiring Bitcoins for themselves.

Sure, there are many ways advertised and a good number of cryptocurrency exchange services have garnered public attention and yet a clear approach on the matter still seems lacking.

 

In this article, I’ll be talking about how to go about buying Bitcoins with Venmo and aim to guide you on the best ways to do so as well.

Get started.

Shall we…?

How to buy Bitcoin with Venmo

To keep the whole process of buying BTC with Venmo, I’m going to guide you with the popular LocalCryptos P2P marketplace.

So how do you buy Bitcoin with Venmo?

  1. Visit LocalCryptos platform
  2. Create and verify your account (If you don’t have one)
  3. Browse for trusted and reliable vendors
  4. Select Venmo as payment method
  5. Open trade with the vendor and complete the terms
  6. Receive Bitcoins directly into account wallet.

Congratulations! You have successfully purchased the cryptocurrency with Venmo as the payment method on a P2P exchange.

3 ways to buy Bitcoin with Venmo

If you want to buy Bitcoin cryptocurrency using Venmo, then you have to find a reputable P2P (Peer-to-Peer) marketplace that will let you do it easily.

1. LocalCryptos

Localcryptos

LocalCryptos launched in 2015, was known as LocalEthereum. It was initially built a P2P platform for buying Ethereum (ETH) only.

The platform later rebranded – adding Bitcoin (BTC) and Litecoin (LTC), as well as some other established crypto-coins.

This is a non-custodial peer-to-peer exchange. This means you do not have to deposit your crypto directly on the platform to sell.

Also, you are not required to verify your identity to use LocalCryptos. Compared to Paxful, LocalCryptos has fewer payment methods, even though it continues to expand aggressively.

Sellers pay a 0.25% trading fee while buyers pay a 0.75% trading fee. 

Pros

  • 60+ payment methods
  • Trade BTC, ETH, and LTC
  • No KYC verification
  • Lower exchange fee
  • High security than other P2Ps

Cons

  • Few supported cryptocurrencies
  • Vendors can be scammed.

Visit LocalCryptos


2. LocalBitcoins

Localbitcoins

LocalBitcoins is a P2P (Person-to-Person) Bitcoin marketplace that specializes in connecting buyers and sellers, while serving as an escrow in the transactions.

LocalBitcoins gives vendors the ability to create offers in all currencies including Google Pay wallet.

Pros

  • Available in every country of the world
  • A diverse selection of buyers and sellers
  • Supports many payment methods
  • Buyers get their bitcoins fast
  • Private.

Cons

  • Lack of cryptocurrency diversity
  • Both sellers and buyers can be scammed.

Visit LocalBitcoins


3. Binance

Binance Exchange

Binance is one of the best exchanges for experienced traders who are looking for a premier cryptocurrency marketplace to perform real-time trades.

It supports over 166+ cryptocurrencies available, both beginners and advanced investors have a myriad of tools and pairs available to them within the platform.

Binance accepts deposits in over 50+ currencies including USD, EUR, JPY, KRW, GBP, AUD, RUB, NGN and many more.

Pros

  • Trustworthy management
  • High volume exchange
  • Low transaction fees
  • A large number of crypto pairs
  • Global support.

Cons

Visit Binance


FAQ

These are my straight up answers to some of the frequently asked questions about how someone can buy Bitcoins with Venmo app.

What is Venmo?

Venmo

Venmo was introduced in 2019, and acquired by PayPal in 2013 for $800 million. It’s a popular peer-to-peer social payment platform for sending and receiving money online.

Transactions goes through a centralized Venmo network, where users can instantly pay their friends by opening the app and finding their friends’ profiles.

The Venmo app is available on both iOS and Android platforms.

Is Venmo internationally supported?

No, Venmo is only available for the United States of American citizens. An alternative to Venmo is PayPal. You can also use your bank account, or debit to purchase BTC.

How can I transfer money into Venmo?

Putting money into Venmo payment method app is quite simple. So just go ahead and follow the guide below…

In the Venmo app:

  1. Tap the ‘☰’ icon at the top of the app
  2. Tap ‘Manage Balance’
  3. Tap ‘Add Money’
  4. Enter the amount you want to transfer
  5. Tap ‘Done’
  6. Confirm the bank account you’d like to transfer money from
  7. Tap ‘Next’
  8. Review the transfer information and estimated arrival date
  9. Then tap ‘Add Money’.

Over to you

If you follow through to this extent of this guide, you will be able to purchase your desired amount of Bitcoin via the Venmo payment app.

Do not leave your Bitcoin investment in an exchange crypto wallet, where you bought to avoid risking it all to cyber theft and loss by misplacement.

Transfer it to a secure wallet, of which hardware wallets (like Ledger Nano X or Trezor T) happens to be the best in the market.

To maintain a little bit of anonymity in your Bitcoin transactions, you can as well make use of the best reliable VPNs (Virtual Private Networks) to hide your footprints.

Just so you know, this website is reader supported! Brands, products or services mentioned in this article may pay me some commission at no extra cost to you.

24 thoughts on “Where & How to Buy Bitcoin (BTC) with Venmo

  • March 7, 2021 at 4:01 pm
    Permalink

    I know this if off topic but I’m looking into starting my own blog and was wondering what all is needed to get setup? I’m assuming having a blog like yours would cost a pretty penny? I’m not very web savvy so I’m not 100 certain. Any recommendations or advice would be greatly appreciated. Thanks

    Reply
  • March 18, 2021 at 3:14 pm
    Permalink

    Thank you for thjs very good posts. I waas wanting to know whether you were
    plahning of publishing similar posts to this. Keep up writing uperb content articles!

    Reply
  • March 18, 2021 at 3:30 pm
    Permalink

    Excellent post. I was checking contiuously this blog and I am impressed!
    Extremely useful information. I care for such information a lot.
    I was looking for this certain information for a very long time.Thank
    you annd good luck.

    Reply
  • March 19, 2021 at 1:46 pm
    Permalink

    I’m very happy to discover this page. I need to too thank you for ones ime just for this fantastic
    read! I definitely really liked every likttle
    bit of it andd I have you bookmarked to check out new thuings in your
    blog.

    Reply
  • March 19, 2021 at 1:46 pm
    Permalink

    I need to tto than you for this fantastic read!!
    I definitely enjoyed every bit of it.I have got you book-marked to look at new things you post…

    Reply
  • March 19, 2021 at 2:26 pm
    Permalink

    Really interesting information, I am sure this post has touched alll
    interne users, its really really pleasant piece of writing on building up new website.

    Reply
  • March 19, 2021 at 11:41 pm
    Permalink

    Hey! This is my first comment here so I just wanted to give
    a quick shout out and say I truly enjoy reading through
    your articles. Apreciate it!

    Reply
  • March 19, 2021 at 11:55 pm
    Permalink

    Hi there to every body, it’s my first go too see of this webpage; this
    webpage contains amazing and really excrllent data in support of readers.

    Reply
  • March 19, 2021 at 11:57 pm
    Permalink

    Hi there to every body, it’s my first pay a quick visit of thyis website; this blog contains awesome and genuinely excellent data for visitors.

    Reply
  • April 12, 2021 at 8:06 pm
    Permalink

    I enjoy what you guys aree usuallyy uup too.

    This type of clever work and reporting! Keepp up
    the very good works guys I’ve addded you guys to my own video.

    Reply
  • April 18, 2021 at 7:02 pm
    Permalink

    Hi there to every body, it’s my first go to see of this webpage; this webpage contains amazing and really excellent data
    in support of readers.

    Reply
  • April 18, 2021 at 7:08 pm
    Permalink

    What’s up, I wish for to subscribe for thhis bblog to take most recent updates, so where caan i do it please help out.

    Reply
  • April 18, 2021 at 7:19 pm
    Permalink

    I nred to to thank you for tjis fantastic read!! I definitely enjoyed
    every bit of it.I have got youu book-marked to look at new
    things you post…

    Reply
  • April 18, 2021 at 7:31 pm
    Permalink

    Veryy nice post. I just stumbled upon your blog and wanted to say that I’ve truly enjoyed surfing around your blog posts.
    In any case I will be subscribing to your feed and I hope you write
    again very soon!

    Reply
  • May 14, 2021 at 5:35 am
    Permalink

    I hae found very interesting your article.It’s pretty
    worth enough for me. In my view, if all website owners annd bloggers made good content as you did,
    the web will be a lot mlre useful than ever before.

    Reply
  • May 15, 2021 at 11:16 am
    Permalink

    I enjoy what you guys are usually up too. This typee oof clever work andd
    reporting! Keep up the very good works guys I’ve adde you guys to my own video.

    Reply
  • May 15, 2021 at 11:23 am
    Permalink

    Hello there! Would you mind if I share your blog with my twitter group?
    There’s a lot of people that I think would really appreciate your content.Please let me know.
    Thanks!

    Reply
  • May 15, 2021 at 11:24 am
    Permalink

    Very good post! We will be linking tto this great content on our website.Keep
    up the great writing!

    Reply
  • May 15, 2021 at 11:29 am
    Permalink

    Veery nice post. I just stumbled upon your blog and wanted to
    say that I’ve truly enjoyed sjrfing around your blog posts.
    In any case I will be subscribing to your feed annd I hope youu write again very soon!

    Reply

Leave a Reply to Enriqueta Cancel reply

Your email address will not be published. Required fields are marked *