How to Buy Crypto and Bitcoin on Venmo in 2025

Venmo is another e-wallet that helps you easily buy cryptocurrencies within its interface.

To buy crypto and Bitcoin on Venmo in 2025, you can access the “Crypto” section within the Venmo app, select the desired cryptocurrency, and complete the purchase using your Venmo balance or linked bank account.

Specific steps to follow are:

• Step 1 – sign up or log in to Venmo
• Step 2 – Choose crypto tab, select coin
• Step 3 – Set Amount to buy
• Step 4 – Select payment method and review
• Step 5 – Send crypto to another wallet (optional)

Key Takeaways

• Venmo started offering crypto in 2021
• Venmo offers similar cryptocurrencies like PayPal does
• The process of buying crypto on Venmo is straightforward
• Users are advised to move crypto to a personal wallet

How to Buy Crypto Directly on Venmo

Venmo has made it easy for users to get into the crypto market in 2025.

The popular payment app now has a dedicated “Crypto” section that allows customers to directly buy, sell, and hold a variety of digital assets, starting with Bitcoin and Ethereum.

Step 1 – Sign Up on Venmo or Log In

Before you can start buying crypto on Venmo, you’ll need to have an active Venmo account.

If you don’t already have one, you can sign up by downloading the mobile app and provide your personal information – your name, email address, and phone number.

If you have a Venmo account, simply use your existing Venmo login credentials to enter.

Step 2 – Choose the “Crypto” Tab and Select a Coin

Locate the “Crypto” section within the app. The tab can be found in the main menu/navigation bar at the bottom.

Tap or click on it to access Venmo’s cryptocurrency trading and storage features.

This will take you to the crypto interface where you can view available digital assets, current prices, and initiate buy/sell orders.

A list of available cryptocurrencies that you can purchase on Venmo is visible in the “Crypto” section. Currently, you can buy:

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• PayPal USD (PYUSD)

The list is likely to expand, so keep checking the app for more options.

Step 4 – Set Amount to Buy

Review the list and select the cryptocurrency you want to get by tapping or clicking on it. This will take you to the purchase screen.

Then, do the following:

• Enter the dollar amount for your purchase. It will show you a breakdown of how much BTC you’re about to buy, along with any fees
• Select your payment method at the top
• Tick the box if you want to get alerts on BTC price movements
• Click “Buy Bitcoin”

On the purchase screen for the selected cryptocurrency, Venmo will display the current market price as well as applicable transaction fees.

Review the total cost carefully to ensure you’re comfortable with the amount before proceeding.

Venmo provides transparent pricing, so you can make an informed decision about your crypto purchase easily.

Step 5 – Select the Payment Method, Review, Buy

Venmo supports a variety of payment options to provide flexibility and convenience for your crypto purchases.

You can use your Venmo balance, a debit card, or a linked bank account.

Choose a payment method, review the details, and ensure the correct funding source is selected before confirming the transaction.

Step 6 – Send Your Crypto to a Wallet or Keep it on Venmo

Once the purchase is complete, you can either send your crypto to an external wallet or keep it in the Venmo crypto wallet like Crypto.com (software) or Ledger (hardware).

Venmo provides a secure, integrated crypto wallet for users to store their holdings. However, this option comes with a few potential drawbacks:

• Custody risks
• Crypto transfer limits
• Lack of advanced features compared to a personal wallet or exchange

To withdraw your BTC to an external wallet, click on the 2 arrows next to the “Sell” button and click “Send.” Then, enter the recipient’s information.

If you want to send crypto to other Venmo users, enter their name.

If you want to send crypto to a PayPal user or an external wallet, enter their address.

You can also click “scan a crypto address QR code to scan the recipient’s code.”

Next, input how much Bitcoin you want to send. Venmo will calculate any relevant fees.

Click “Review Transfer” and review the transaction details. Click “Send” to initiate the transfer.

Buying Bitcoin With Venmo on Exchanges

The built-in Venmo crypto functionality isn’t as advanced when it comes to trading features as the best crypto exchanges, so you may benefit from alternatives to buying Bitcoin on Venmo directly.

If you don’t want to buy BTC with Venmo, you can buy it on exchanges that support Venmo instead. You can find a list of secure exchanges that accept Venmo as a payment method below.

Disclaimer: The information provided on this website is for informational purposes only and should not be considered as financial, investment, or legal advice. Cryptocurrency investments are volatile and high-risk in nature. Consult with a qualified financial advisor and/or tax professional before making any investment decisions. We are not responsible for any loss incurred due to the use of information on this website. Do your own research and exercise caution. Don’t invest unless you’re prepared to lose all the money you invest.

uying Crypto on Venmo – The Requirements

In this section, we will discuss the requirements you need to fulfill as well as everything you should expect when buying crypto with Venmo. These are similar as if you were to buy crypto on PayPal, since PayPal owns Venmo.

There are six requirements you should be aware of:

1. Fees – transaction fees depend on the amount of money spent. Venmo charges a flat fee for crypto purchases up to $200 and a percentage-based fee for all other purchases

Here is the breakdown of the fees:

Venmo fees for crypto purchases

2. Age requirements – to buy crypto on Venmo, users must be at least 18 years old. This is a standard age requirement set by Venmo and other financial services platforms that offer crypto trading
3. Identity verification – you’ll need to provide your full name, date of birth, address, and a Social Security number (SSN) or Individual Taxpayer Identification Number (ITIN)
4. Location – Venmo currently supports crypto purchases across the US, except Hawaii
5. Funding source – to buy crypto on Venmo, you need to have a valid funding source linked to your Venmo account. This can include a bank account, debit card, or Venmo balance. Venmo doesn’t support the use of credit cards for crypto purchases at this time
6. Terms of service compliance – users must comply with the platform’s Terms of Service (ToS) and any applicable cryptocurrency-specific policies when buying crypto. This includes adhering to Venmo’s requirements around transaction limits, reporting obligations, and permitted use of the crypto functionality
7. Limitations – You can purchase $20,000 in crypto per week and $50,000 per year

All of these requirements may also apply to all established and new crypto exchanges you can use Venmo on.

Read our Uphold, Coinbase, KuCoin, Binance, and Kraken reviews to compare these top exchanges and discover which one supports Venmo deposits.

Is Venmo Purchase Protection Available for Crypto Purchases

When it comes to Venmo’s purchase protection policies for cryptocurrency transactions, the coverage is limited compared to regular payment transactions on the platform.

For standard Venmo payments, the company does offer purchase protection that can refund users in certain cases of unauthorized transactions or items not received.

However, this protection does not extend to cryptocurrency purchases made through Venmo.

The Venmo user agreement explicitly states that the purchase protection policy “does not apply to transactions involving cryptocurrencies.”

This means that if you encounter an issue with a crypto transaction, such as sending funds to the wrong address or being the victim of a scam, you will not be able to rely on Venmo’s purchase protection to get your money back.

The platform also isn’t responsible for crypto price fluctuations.

It’s a well-known fact that all crypto transactions are irreversible anyway, so make sure to do your research when making investing decisions.

While Venmo makes it convenient to get started with cryptocurrencies, you should be aware of the lack of purchase protection coverage for these types of transactions on the platform.

How to Send/Transfer Bitcoin on Venmo

Venmo also allows you to send and transfer your Bitcoin to other Venmo users or external crypto wallets.

This can be done directly within the Crypto tab – here’s how:

1. Go to the Crypto tab
2. Select the currency you want to send
3. Click Send
4. Enter who you’re sending it to (wallet address)
5. If you’re sending it on Venmo, just enter the name
6. If you’re sending it to PayPal, enter their address
7. You can also scan the QR code for the address
8. Choose the amount you want to send and click “Send Now”

How to Receive Crypto on Venmo

In addition to buying and sending crypto, you can also receive crypto payments from other Venmo users in four steps:

1. Go to the Crypto tab
2. Select the currency you want to receive
3. Click Receive
4. You will be given your wallet address or QR code for others to scan

Pros & Cons of Buying Crypto on Venmo

Here are some pros and cons of using Venmo to buy crypto:

Pros and cons of buying crypto on Venmo

Tax Considerations

There are a couple of important tax considerations when buying crypto.

The IRS treats digital assets like Ethereum, Dogecoin, or Shiba Inu as property, not currency. Note that Ripple is also not considered a security.

This means that any gains from crypto transactions are subject to capital gains tax.

Even if you were to buy and sell crypto on a decentralized exchange, you’d still have to report gains and losses.

Users must keep detailed records of their purchase prices, sale prices, and dates to properly calculate their taxable gains, and losses as well.

Venmo provides some basic tax reporting, but the crypto tax documentation may not be as comprehensive as what’s available from crypto exchanges.

You may need to supplement the Venmo tax information with additional records to properly file your crypto-related taxes.

When in doubt, consult a tax professional to ensure you’re properly reporting and paying taxes on your crypto gains/losses incurred through the Venmo platform.

A Little More on Venmo and Crypto

Here are a few interesting facts about Venmo’s entrance into the cryptocurrency space.

Venmo first introduced its crypto trading features in 2021, allowing users to buy, sell, and hold select digital assets directly within the app.

This was part of Venmo’s parent company (PayPal’s) broader strategy to embrace cryptocurrencies and blockchain technology.

Since then, Venmo has continued to expand its crypto offerings, adding new supported assets and features.

The app also provides real-time pricing information for all available cryptocurrencies.

The prices displayed are updated every few seconds to reflect the latest market movements.

By default, you will see a line graph showing the 24-hour price change for the selected crypto asset.

For a more comprehensive view of the price history, Venmo allows users to toggle the timeline on the chart.

Options include one week, one month, six months, one year, and the full history.

This gives you the ability to analyze the asset’s performance over different time frames.

Moreover, when you tap on the price graph, additional details are provided, such as the specific values at various points in time.

In 2023, Venmo began experimenting with the ability to use crypto holdings to pay for goods and services at participating merchants.

Venmo’s crypto integration is seen as a major milestone in bringing cryptocurrencies into the mainstream financial market.

Leveraging Venmo’s large user base and brand recognition helps introduce the next generation of retail crypto investors to the digital asset ecosystem.

Why Trust Us

At CryptoManiaks, our team of crypto enthusiasts is dedicated to providing you with reliable, up-to-date information about the ever-evolving digital asset industry.

With years of combined experience in cryptocurrency trading, investing, and analysis, we’ve developed a deep understanding of the market dynamics, emerging trends, and best practices.

We’ve tested and outlined the step-by-step process of how to buy crypto on Venmo ourselves, ensuring accuracy and reliability in our guidance.

Through our thorough examination, we’ve navigated Venmo’s interface to demonstrate how you can seamlessly purchase cryptocurrencies within the platform, establishing our credibility as a trustworthy source for anyone seeking practical insights into the ways crypto transactions work on Venmo.

Frequently Asked Questions

1. 01.

   How to Link My Crypto Wallet to Venmo?

   

   Open the Venmo app on your mobile device and navigate to the settings menu. Select the “Crypto Wallet” option. Next, choose the option to add a new wallet and select the type of cryptocurrency you want to link. You will be prompted to enter the public address associated with your crypto wallet. Then, Venmo will verify its authenticity and establish a secure connection between your wallet and your Venmo account.

2. 02.

   How Can I View My Crypto Transactions on Venmo?

   

   Navigate to the “Transactions” tab on the app, and you’ll find a section called “Crypto Transactions.” In the “Crypto Transactions” section, you can see a detailed breakdown of all your crypto transactions, including the type of cryptocurrency, transaction amount, date and time, and any associated fees. Additionally, you can also access charts and graphs that provide insights into your crypto portfolio performance.

3. 03.

   How to Set up Alerts for Crypto Price Changes on Venmo?

   

   Open the Venmo app and navigate to its settings. Select the “Notifications” tab and scroll down until you find the “Crypto Alerts” option. Enable this feature by toggling the switch to the “On” position. Venmo will send you real-time notifications whenever the selected cryptocurrencies experience significant price fluctuations, ensuring that you stay informed and can make timely decisions regarding your crypto investments.

4. 04.

   What Security Measures Are in Place for Crypto Transactions on Venmo?

   

   Venmo employs state-of-the-art encryption algorithms to protect all sensitive data, including private keys and transaction details. Additionally, it has implemented multi-factor authentication, requiring users to verify their identity through biometric scans. Venmo utilizes advanced anomaly detection systems that monitor user behavior and flag any suspicious activity. Moreover, all crypto assets held on Venmo are stored in offline cold wallets.

5. 05.

   Who Can See My Cryptocurrency Transactions on Venmo?

   

   Only you and the recipient of the transaction can see the details of the transaction, ensuring a high level of confidentiality. Venmo’s advanced encryption technology safeguards your financial information, making it virtually impossible for anyone else to access or view your crypto transactions.

6. 06.

   How to Troubleshoot Issues With Using Crypto on Venmo?

   

   First, ensure that you have the latest version of the Venmo app installed on your device, as updates often include bug fixes and improvements related to crypto functionality. Double-check that your internet connection is stable, as connectivity issues can disrupt crypto transactions. If you continue to experience difficulties, try clearing the cache and data of the Venmo app. In case you need further assistance, you can reach out to Venmo’s customer support.