Buy Bitcoin
How to buy Crypto & Bitcoin with Venmo Card
For cryptocurrency enthusiasts seeking convenient ways to purchase Bitcoin and other popular cryptocurrencies, Venmo Cards offer a compelling solution. Linked to Venmo accounts, these Mastercard debit cards allow users to spend their Venmo balance directly, eliminating the need for transfers to a traditional bank account.
While CEX.IO doesn't directly integrate with Venmo as a payment method, our platform seamlessly supports Mastercard debit/credit cards. This means customers can effectively utilize their Venmo Cards to purchase various cryptocurrencies, including Bitcoin, on CEX.IO.
In this guide, we explore how to utilize Venmo cards to obtain Bitcoin, as well as 200+ other digital assets on CEX.IO.
Step-by-Step Guide: How to Buy Crypto & Bitcoin with Venmo Card
Instant Buy is the most intuitive way to purchase cryptocurrencies using Venmo Card. As this feature supports credit and debit card payments, including those issued by Venmo, eligible users can seamlessly acquire their preferred crypto assets with just a few clicks, as follows:
- Register and verify your account with CEX.IO
- Navigate to Instant Buy from the dashboard. Alternatively, you can find this functionality under the Products menu.
- Choose the cryptocurrency you want to buy from the list of available assets.
- Select the fiat currency you wish to use to acquire crypto. Currently, our platform supports USD, EUR, and GBP.
- Specify the amount of fiat you want to allocate to obtaining crypto.
- Elect credit/debit cards as your preferred payment method.
- Enter your Venmo Card details as instructed on the page.
- Follow the on-screen instructions to complete the purchase.
Requirements
To utilize a Venmo Card for crypto purchases, users must fulfill specific criteria. Primarily, cardholders must be at least 18 years old and legally reside within the United States or its territories.
Additionally, maintaining an active Venmo account in good standing for a minimum of 30 days is essential.
While Venmo Cards offer convenience for various domestic purchases, including online transactions, like PayPal, they are currently restricted to use within the United States.
Although Venmo can facilitate funds transfers between individuals and bank accounts, the geographic limitation of Venmo Cards precludes its use as a bank transfer method for cryptocurrency purchases on CEX.IO.
Alternatives to Venmo
Considering current Venmo Cards jurisdiction limitations, CEX.IO understands the need for diverse payment gateways to cater to our global audience. Here, we offer a variety of alternative funding methods to facilitate cryptocurrency purchases for eligible participants residing outside the U.S., including:
Disclaimer: Like with Venmo and PayPal, the availability of the abovementioned payment gateways may differ between countries. We encourage eligible customers to conduct thorough research and verify eligible funding solutions before purchasing on CEX.IO.
FAQs
Is it safe to buy crypto with Venmo?
Purchasing cryptocurrency with Venmo can be secure when conducted responsibly. It's essential to prioritize security by selecting the best platform to buy cryptocurrency, such as CEX.IO. Safeguarding a Venmo account with strong passwords and two-factor authentication is also crucial.
Additionally, as a subsidiary of PayPal, Venmo utilizes PayPal's established security measures, including advanced encryption, fraud prevention systems, and robust authentication.
Can I buy Bitcoin with Venmo on CEX.IO?
Yes, purchasing Bitcoin and other cryptocurrencies on CEX.IO is possible using a Venmo Card. While CEX.IO does not directly support Venmo as a payment method, our platform accepts Mastercard debit cards, which include Venmo Cards. This enables eligible users to conveniently acquire cryptocurrencies using their existing Venmo funds.
What is the CEX.IO Crypto Debit Card?
Eligible customers residing within the European Economic Area (EEA) can request a CEX.IO Crypto Debit Card. This innovative card allows eligible participants to seamlessly convert and spend their cryptocurrency holdings at any merchant accepting Visa or Mastercard with zero exchange fees. It provides a seamless bridge between the digital and traditional financial worlds.