Once you have purchased some crypto you might feel that it will no longer be profitable to hold that cryptocurrency. In that case, the best option you can try is selling that particular cryptocurrency using a good platform. Venmo is a popular platform that allows you to sell crypto. Want to know how to sell crypto on Venmo? In this post, we will provide you with a step-by-step guide on how to sell crypto on Venmo.
Venmo is a popular platform used as a payment application. It has also opened the doors for cryptocurrency. You can now buy and sell cryptocurrency using the Venmo platform. You cannot transfer crypto using the Venmo platform. It offers four popular cryptocurrencies namely Bitcoin, Bitcoin Cash, Litecoin, and Ethereum. Users can try trading these four cryptocurrencies on the Venmo platform. You can buy or sell these cryptocurrencies on the Venmo platform.
You can easily sell your cryptocurrency using the Venmo platform. It is not a complicated thing to learn how to sell crypto on Venmo. You just need to follow some straightforward steps. Begin the procedure by launching the app > log in to your account > Crypto > Choose the Cryptocurrency > Sell > Taxpayer Information > Amount > Confirm. Isn’t it easy? If you have not understood these steps, we will discuss these steps on how to sell crypto on Venmo in more detail later.
Here’s a post to help you in understanding how to sell crypto on Venmo. If you are thinking it’s a tough task to learn how to sell crypto on Venmo, that’s incorrect. You can easily sell your cryptocurrency on the Venmo platform. So, let’s help you in learning how to sell crypto on Venmo. Without any further delay, let us begin the post to watch the steps for selling your cryptocurrency on the Venmo platform.
How To Sell Crypto On Venmo?
Ever wonder how to sell crypto on Venmo? Well, it is easy to sell your cryptocurrency using the Venmo platform. You just need to launch the app > log in > crypto > Select the crypto > Sell > Taxpayer status > Enter amount > Confirm. That’s all! You can follow these steps to easily sell your cryptocurrency on the Venmo platform.
These were the short steps for selling your crypto on Venmo. Let us now check out the steps on how to sell crypto on Venmo in more detail.
Step 1: Launch The App
The first step in learning how to sell crypto on Venmo is to launch the app. Open the application on your laptop or phone and then log in. Fill in the details such as your email and password for logging in and selling your cryptocurrency on the Venmo platform. You can move to the next step after logging in.
Step 2: Select The Crypto
Once you have logged in successfully, press the crypto option from the Send & Receive drop-down on your screen. After that, choose the cryptocurrency you want to sell on the Venmo platform. Venmo allows you to trade in four different cryptocurrencies. You can choose between Litecoin, Ethereum, Bitcoin, and Bitcoin Cash. Once you have decided on the crypto you want to sell, click on that cryptocurrency. Move to the next step after you complete this one.
Step 3: Fill Taxpayer Information
You will now be directed to the Taxpayer information page. Confirm your taxpayer status here by filling in the important information. It will ask you to fill in the basic information such as your legal full name, date of birth, taxpayer identification number, etc. Once you fill in the information, click the Confirm and submit button. Move ahead to the final step for selling your crypto on the Venmo platform.
Step 4: Enter The Amount
This is the final step for selling crypto on Venmo. You can here enter the amount you want to sell. You can either enter the amount by yourself or press the sell it all option. Once you have entered the amount, press the Review button. Carefully review all the information and press the Sell button at the end if you find that all the information is correct.
That’s it! You have successfully sold your preferred crypto using the Venmo platform. This is the entire procedure for selling your cryptocurrency on the Venmo platform. Isn’t it an easy process to sell your cryptocurrency using the Venmo platform? Yes, you can also try this process for selling your crypto on the popular Venmo platform. Just follow these super-easy steps to sell your cryptocurrency on the Venmo platform.
Wrapping-Up:
This post covers all the information regarding how to sell crypto on Venmo. We have mentioned all the crucial steps you need to follow for selling your crypto on the Venmo platform. You can try using these steps on how to sell crypto on Venmo and sell your cryptocurrency.
In case you face any issues in the process or have any doubts, drop them in the comment section below. We are here to assist you. If you find this post useful in any way, you can also share the post and help others also know how to sell crypto on Venmo.
Frequently Asked Questions
Q1. Can I Cash Out My Crypto On Venmo?
A. When you make a sale on Venmo, the proceeds go to your Venmo account. You can use that fund for purchasing or making payments. You can also transfer your funds from Venmo.
Q2. Does Venmo Charge To Sell Crypto?
A. Yes, Venmo charges some amount for selling your crypto using the Venmo platform. Be careful to check the charges or the transaction fees for selling your cryptocurrency using the Venmo platform.
Q3. Is Venmo A Wallet?
A. Yes, Venmo can be used as a payment application as well as a wallet. Many crypto traders use Venmo to carry out their crypto transactions. Some even use it to store their cryptocurrencies.
Q4. Can I Sell On Venmo?
A. Yes, it is possible to sell your crypto on the Venmo platform. You can follow some simple steps and sell your crypto using the Venmo platform. You just need to log in > Select crypto > Sell > Taxpayer Information > Amount > Confirm. That’s all! This is how you can sell your cryptocurrency on the Venmo platform.
Q5. Is Venmo Good For Me?
A. Venmo is used by many people worldwide. It can be used as both a payment application and a wallet. You can also try crypto trading on this platform. One can easily buy and sell their cryptocurrency on the Venmo platform.
Q6. Can I Trade On Venmo?
A. Yes, you can. It is possible to trade on the Venmo platform. Just follow these simple steps for trading on the Venmo platform.
- Open the Venmo official website.
- Log in to your account.
- Press the Crypto tab. You will find it by pressing the crypto coins at the bottom of your screen.
- You can now select your preferred cryptocurrency.
- Enter the Amount for your purchase.
- Press the Review button.
That’s all! This is how you can buy crypto on the Venmo platform.
Q7. Is Crypto On Venmo Safe?
A. Yes, Venmo is considered safe by many crypto investors. There are four cryptocurrencies on Venmo and they are considered to be the safest on the Venmo platform. It is among the safest platforms for storing cryptocurrency.
