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Venmo Logo

Last Update February 28th, 2020. As a social payment network, Venmo is one of the more popular methods for people to send money to friends and family. On the platform, users can add a bank account or debit card as a funding method which can then be used to send money to other people.

Venmo is also a popular method for buying bitcoin from other people.

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

Countries Supported
Paxful Icon Resized

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

Free, 1% to advertisersAll countries

What Is Venmo?

Venmo, acquired by PayPal in 2013 for $800 million, is one of the most popular social platforms for sending and receiving money. As bitcoin is a uniquely peer-to-peer digital currency, Venmo is a peer-to-peer social payment network.

Venmo Logo

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. For most users, this is all they need. Interestingly, more companies are integrating their services into Venmo and using it as an API.

Is Venmo Supported Internationally?

No, the Venmo app is only available for citizens of the United States to send and receive money to one another.

An alternative to Venmo is to use PayPal. You can also use a bank account or debit card to buy bitcoin which uses funds from the same linked bank account and is less risky overall.


Paxful Logo

CEO:Ray Youssef
Headquarters:New York, New York
Founders:Ray Youssef, Artur Schaback
Customer service:Knowledge Base
More information:Read Review

Paxful is a person-to-person marketplace that supports over 300 payment methods.


  • Escrow system
  • Security
  • Diverse payment methods
  • Simple user interface (UI)
  • Wide variety of sellers


  • Buyers and sellers are at risk of being scammed



LocalBitcoins Exchange Logo

CEO:Sebastian Sonntag
Headquarters:Helsinki, Finland
Founders:Nicholas Kangas, Jeremias Kangas
Customer service:Knowledge Base
More information:Read Review

LocalBitcoins is a person-to-person bitcoin trading platform that specializes in connecting buyers and sellers.


  • Available in every country of the world
  • Extremely diverse selection of buyers and sellers
  • Supports many payment methods
  • Buyers get their bitcoins fast
  • Private
  • Simple to use


  • Lack of cryptocurrency diversity
  • Both sellers and buyers have a chance of being scammed.