Last Update February 20th, 2022. Venmo is a social payment network and one of the most popular methods for sending money to friends and family in the United States. On the Venmo platform, users can link a bank or card as a funding method to send money to other people.
Venmo is also a popular method for buying and selling bitcoin instantly and securely.
At the moment, there are a total of two platforms that accept Venmo as a payment method: Paxful and LocalBitcoins.
Where To Buy Bitcoin With Venmo Instantly
 | Free | All countries | |
 | Free, 0.1% to 5% for sellers | Every country except for a few (see banned countries) | |
 | Free, 1% to advertisers | All countries |
Table of Contents
How Can I Buy Bitcoin With Venmo?
If you want to buy bitcoin using Venmo then you have to find a reputable exchange or marketplace that will let you do it.
How To Buy Bitcoin With Venmo On Paxful Summary
- Create an account with Paxful.
- Verify your account.
- Go to “Buy Bitcoin” and look for Venmo.
- Open a trade with the vendor and complete the terms.
- Receive bitcoins directly into your Paxful wallet.
That’s it! You have successfully purchased bitcoin with Venmo as the payment method.
3 Ways To Buy Bitcoin With Venmo
Binance
| Website: | binance.com |
| CEO: | Changpeng Zhao |
| Headquarters: | Malta, European Union |
| Founders: | Changpeng Zhao, Yi He |
| Founded: | 2017 |
| Customer service: | Knowledge Base |
Binance is a first-rate exchange for experienced traders who are looking for a respectable cryptocurrency marketplace to perform real-time trades.
With over 166+ cryptocurrencies available, both beginners and advanced traders have a myriad of tools and pairs available to them within one powerful trading platform. Through Binance P2P, more than 700 payment methods are supported.
Binance accepts deposits in over 50+ currencies including USD, EUR, JPY, KRW, GBP, AUD, RUB, and many more.
Pros
- Trustworthy management
- High volume exchange
- Low fees
- A large number of cryptocurrency pairs
- Global support
Cons
- Few payment options
| Reputation | Fees | Privacy | Limits |
|---|---|---|---|
| Excellent | Low | High | High |
Paxful
| Website: | paxful.com |
| CEO: | Ray Youssef |
| Headquarters: | New York, New York |
| Founders: | Ray Youssef, Artur Schaback |
| Founded: | 2015 |
| Customer service: | Knowledge Base |
| More information: | Read Review |
Paxful is a person-to-person marketplace that supports over 300 payment methods.
Paxful gives vendors the ability to create offers in all currencies.
Pros
- Escrow system
- Security
- Diverse payment methods
- Simple user interface (UI)
- Wide variety of sellers
Cons
- Buyers and sellers are at risk of being scammed
| Reputation | Fees | Privacy | Limits |
|---|---|---|---|
| Excellent | Low | High | High |
LocalBitcoins
| Website: | localbitcoins.com |
| CEO: | Sebastian Sonntag |
| Headquarters: | Helsinki, Finland |
| Founders: | Jeremias Kangas |
| Founded: | 2012 |
| Customer service: | Knowledge Base |
| More information: | Read Review |
LocalBitcoins is a person-to-person bitcoin trading platform that specializes in connecting buyers and sellers.
LocalBitcoins gives vendors the ability to create offers in all currencies.
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 have a chance of being scammed.
| Reputation | Fees | Privacy | Limits |
|---|---|---|---|
| Excellent | Low | High | High |
What Is Venmo?
Introduced in 2009, Venmo, which has since been acquired by PayPal for $800 million in 2013, is one of the most popular social platforms for sending and receiving money in the United States. Users can instantly pay their friends by opening the app and finding their friends’ profiles.
As bitcoin is a peer-to-peer digital currency, Venmo is a peer-to-peer social payment network and allows users to share their spending habits with friends, family, and people around the globe. In order to use the platform, users must connect a bank account as all transactions go through the centralized Venmo network.
The Venmo app is available for both iOS and Android platforms.
How Venmo Works
Is Venmo Supported Internationally?
No, Venmo is only available for citizens of the United States.
An alternative to Venmo is to use PayPal. You can also use your bank account or debit card to buy bitcoin.