Bitcoin is all the rave in the United States right now as everyone seems to be throwing money at the decentralized banking system. Bitcoin is an online currency that allows you to transfer funds with minimal loss to fees. There are many different ways that you can purchase Bitcoin ranging from credit cards to gift cards. Within this article we will discuss the ability to buy bitcoin with money in your Venmo balance.
Bitcoin is one of the most popular topics among the younger generations today. You may wonder what Bitcoin is exactly. Well here is a brief overview. Bitcoin is an online currency that can be used to buy just about anything. You can purchase bitcoin with any currency. The main advantage to Bitcoin over say Paypal or Venmo is the low fees for transferring the money back to your bank account. Bitcoin varies in value but recently has experienced an explosion in worth. Check out the growth chart for Bitcoin over the past few months:
Check out this link to see a more detailed description of Bitcoin.
Can You Buy Bitcoin With Money in Venmo?
One of the questions being asked by people interested in purchasing Bitcoin is “can I buy Bitcoin with money in my Venmo account?” The answer to this question is No. Although there are a number of different ways you can purchase Bitcoin, Venmo does not offer the ability to purchase Bitcoin at this time.
Some websites such as paxful.com claim to offer the ability to purchase Bitcoin with venmo but upon further inspection you will find that there are no offers available allowing you to buy Bitcoin with Venmo.
How to Buy Bitcoin With Money in Venmo
If you want to purchase Bitcoin with money in your Venmo account you are going to have to transfer the money out of the Venmo account and into your bank account. From there you will be able to purchase Bitcoin using your bank account.
Comment below if you think there should be a way to purchase Bitcoin directly from your Venmo account.