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Last Update June 12th, 2020. 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
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.

Buy Bitcoin Kiosk

2 Ways To Buy Bitcoin With Venmo

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:Nicholas Kangas, 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 2019, Venmo, which has since been acquired by PayPal in 2013 for $800 million, is one of the most popular social platforms today for sending and receiving money.

Venmo Logo

As bitcoin is a uniquely peer-to-peer digital currency, Venmo is a peer-to-peer social payment network.

On Venmo, transactions must go through the 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.

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.