1 COUNTRIES CRYPTO NATIVE
Venmo and crypto
The US social payment app — 90M users
The verdict
5.0 / 10 · SKIP
Venmo is the US millennial payment standard for splitting bills and P2P transfers. Crypto support exists but is limited to buy/sell within the app — you can't send crypto to external wallets. A PayPal subsidiary with the same fee issues.
◆ BUY IT IF
- Dominant US P2P payment app for millennials
- Crypto buy/sell available
- Venmo debit card
- Social payment feature is unique
◇ SKIP IT IF
- US only — no international transfers
- Cannot send crypto to external wallet
- High crypto trading fees (1.5–2.3%)
- Privacy concerns (public transaction feed by default)
§ 01 SCORE BREAKDOWN
Five axes, weighted.
DIMENSION WEIGHT RATING SCORE
Crypto support
Native · 5 assets
Coverage
1 countries
Fees
Instant bank transfer: 1.75% fee (min $0.25, max $25). Crypto fees same as PayPal.
Speed
Instant (1.75% fee) or 1–3 business days (free)
Trust & safety
PayPal subsidiary. FinCEN registered MSB. Licensed money transmitter in US states.
§ 02 SPECIFICATIONS
Everything, in one table.
Coverage
- Countries
- 1
- Strong regions
- US
- Weak regions
- —
Crypto features
- Buy / sell
- Yes
- Withdraw to wallet
- No
- Merchant payments
- Yes
- Supported assets
- BTC, ETH, LTC, BCH, DOGE
Fees
- Friends & family
- Free (bank/balance); 3% (credit card)
- Receiving
- Free
- Currency conversion
- N/A (USD only)
Speed
- Typical transfer
- Instant (1.75% fee) or 1–3 business days (free)
- Instant transfer
- No
- Crypto settlement
- Instant within Venmo
§ 03 FAQ
Frequently Asked Questions
Does Venmo support crypto? +
Yes, Venmo supports crypto. You can buy and sell BTC, ETH, LTC, BCH, DOGE directly. Note: withdrawals to external wallets may not be available in all regions.
How many countries is Venmo available in? +
Venmo is available in 1 countries. Strong regions include: US.
What are Venmo's fees for sending money? +
Send to friends/family: Free (bank/balance); 3% (credit card). Receiving: Free. Currency conversion: N/A (USD only). Instant bank transfer: 1.75% fee (min $0.25, max $25). Crypto fees same as PayPal.
How fast are Venmo transfers? +
Venmo offers typical transfer times of Instant (1.75% fee) or 1–3 business days (free). Crypto settlement: Instant within Venmo.