Cryptocurrency Q&A
How much can you buy cryptocurrencies on Venmo?
How much can you buy cryptocurrencies on Venmo?
Tommaso
Mon Jul 15 2024
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7 answers
1198
Could you elaborate on the limitations of purchasing cryptocurrencies through Venmo? Specifically, I'm interested in knowing the maximum amount one can transact in a given period. Is there a daily, weekly, or monthly cap? Are there any restrictions based on account status or verification levels? Additionally, does Venmo impose any fees on cryptocurrency transactions, and if so, how do they compare to other platforms? Understanding these details would help investors make informed decisions when using Venmo as a gateway to the cryptocurrency market.
7 answers
CherryBlossomGrace
Wed Jul 17 2024
This ensures users do not exceed a certain threshold in a short period.
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CherryBlossomDancing
Wed Jul 17 2024
Secondly, there is an additional limit of $50,000 for crypto purchases over a 12-month period.
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Valentino
Wed Jul 17 2024
This longer-term cap helps mitigate potential risks and provides stability to the platform.
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SumoPower
Wed Jul 17 2024
Regarding the limitations on purchasing cryptocurrency on Venmo, there are specific caps imposed.
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Stardust
Wed Jul 17 2024
Firstly, there is a weekly limit of $20,000 for crypto purchases.
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