Buy Verified Venmo Account with USA Bank
In a world of fast-paced, on-the-go banking, Venmo seems to be 1 of the most widely used financial technologies on the market today. Venmo was developed as a peer-to-peer payment smartphone application to enable you to transfer money to friends and family. Since its inception, it has evolved into more.
Today, it can serve as a virtual wallet, which allows you to conduct more diverse transactions online and with your smartphone. It seems logical that the next step is adapting to fund cryptocurrency wallets as well. Although it’s not a widely used (or frankly even good) method of purchasing Bitcoin and other cryptocurrencies, it is still possible to use a Venmo account to purchase bitcoin.
Steps for Buying Bitcoin with Venmo
Check out the 3 easy steps below.
- Set up a venmo account.
The process of setting up a Venmo account is simple and only takes a few minutes.
First, visit Venmo’s website and sign up using either your email address or your Facebook profile and password.
The prompt then asks for your smartphone number and to set a password. Once the information is submitted, Venmo sends an authorization code via text message to confirm that code to verify your account.
Once the app is installed, sign into your account and connect your contacts and Facebook friends. Under Payment Methods, you can link your bank account which can send and receive money and pay in apps that allow Venmo as a payment option.
You can also link debit or credit cards to your Venmo account but can only send money and pay in apps. It should be noted that a 3% fee applies to credit cards. The fee is waived for completed Authorized Merchant Payments, Venmo balance transactions, bank account, and debit card transactions, so those methods are technically free to use.
- Make your first purchase with as little as $1.
Venmo is now an accepted form of payment through PayPal or purchases through mobile apps. Venmo is still considered a risky method of payment for a few different reasons. Venmo was designed for small dollar transfer amounts between people who already know and trust one another.
There is a feature for quick transactions reversals, which has made Venmo the target of many scams and fraud. Another risky convenience feature is the ease of account setup.
Again, Venmo was designed to be simple and user-friendly, but that also means it offers a poor identification system for app users. For those reasons, it could be challenging to find a Bitcoin broker who will allow payment with Venmo.
At this moment, 2 platforms accept Venmo: Localbitcoin.com and Paxful.com. Choose a broker, and open an account. From there you can use Venmo to purchase Bitcoin.
- Easily buy more or sell with a extra few taps.
There are some risks involved when purchasing bitcoin with Venmo, but it’s certainly a viable method to acquire cryptocurrency. Linking Venmo to your debit card could minimize your risk because disputing transactions is easier and consumer liabilities are lower. These precautions could be an extra safeguard should someone gain unauthorized access to your Venmo account. It might also be wise to purchase Bitcoin in smaller dollar amounts to minimize risk exposure.
Check out our recommended platforms to trade Bitcoin today.
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Buy Verified Venmo Account
Buy verified Venmo account and start using.
Venmo is a peer-to-peer (P2P) payment app available on iPhones and Android phones that allows for the quick and easy exchange of money directly between individuals. Founded in 2009, Venmo began as a text message-based payment delivery system.
Venmo allows you to pay and request money from your friends. At its core, Venmo provides a social way to pay your friends when you owe them money and don’t want to deal with cash.
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