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Last Update April 23rd, 2021. 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

 
Company
Fees
Countries Supported
Binance Icon
Binance

FreeAll countries
Paxful Icon Resized
Paxful

Free, 0.1% to 5% for sellersEvery country except for a few (see banned countries)
LocalBitcoins Icon Resized
LocalBitcoins


Free, 1% to advertisersAll countries

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

  1. Create an account with Paxful.
  2. Verify your account.
  3. Go to “Buy Bitcoin” and look for Venmo.
  4. Open a trade with the vendor and complete the terms.
  5. 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

Binance Homepage

Rating:
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.

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

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

Paxful

Paxful Homepage

Rating

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

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

LocalBitcoins

LocalBitcoins Homepage

Rating:

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.

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

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.

Venmo Logo

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.