How to buy Bitcoin with Venmo in 2022

Venmo is an increasingly popular payment method and you can now use it to get Bitcoin as well. Compare the brokers that accept Venmo and learn how to use them.
Updated: Jan 28, 2022
Tip: our preferred broker is, eToro: visit & create account

This informative guide will help you understand the benefits and drawbacks of using Venmo to fund your cryptocurrency account, and the best brokers and exchanges to use.

Where can you buy Bitcoin with Venmo?

We’ve put together a list of top-rated brokers that accept Venmo below. They have all been reviewed and approved by our team of cryptocurrency experts, so you can be confident in whichever option you choose. If you’re not ready to do that yet, scroll down to keep reading.

Min. Deposit
User Score
Accepts customers from the USA
Deposit $100 and get a $10 bonus!* Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.
Min. Deposit
User Score
No Hidden Fees
Instant Trading
Secure & Transparent
Start Trading
World's longest-standing crypto exchange. Since 2011 Bitstamp has been providing a secure and reliable trading venue to over four million individuals and a range of institutional partners.
Payment Methods
Full regulations list:
Min. Deposit
User Score
0% deposit fees, 0% withdrawal fees, 0% trading commissions
Set up automated trades and up to 50 limit orders with ease
Buy and sell 90+ cryptos and utility tokens, precious metals and national currencies with as little as $1
Start Trading
Create your account in minutes and start trading 90+ cryptos and other assets on the most flexible trading platform.
Payment Methods
Full regulations list:

What is a Venmo Bitcoin broker?

A broker is a service that executes your Bitcoin trades for you. Venmo is a mobile payment service that lets you transfer money via a mobile app. In this guide, we’re concentrating on brokers that accept Venmo as a payment method or means to deposit funds.

How to deposit and withdraw via Venmo


Here are some basic guidelines on how to deposit money using Venmo. Every platform will be slightly different, but in general it goes like this:

  1. If you don’t have a Venmo account yet, open one by either connecting via Facebook or your email address.
  2. Open an account with a broker that accepts Venmo as a form of payment, then verify it.
  3. Go to your broker’s website, and select the Venmo option on the “Add money” screen. 
  4. After that, you’ll be prompted to link your Venmo account to your brokerage account.
  5. Type in the amount of Bitcoin you want and select Venmo as the payment method.


You can simply perform the deposit process (detailed above) in reverse by clicking “Withdraw” instead. If your Bitcoin broker accepts Venmo for transactions, you can also use Venmo to execute a withdrawal even if you used a different method to make your deposit.

What should I look for in a Venmo Bitcoin broker?

You want to find a broker with the best features and lowest fees that also accepts Venmo. Here are some of the key traits to look for:

  • Competitive transaction fees. The fees vary depending on the service you use to make trades. Our guides will help you find the most reasonable transaction fees.
  • Speed. Your broker should enable you to make purchases within minutes. Ideally, you want your transactions to be carried out instantly.
  • Ease of use. The best brokers make it easy to get Bitcoin. Don’t waste time with brokers that make it complicated, and instead focus on platforms that offer a clean, simple to use interface and have a quality app as well.
  • A strong reputation. Use other people’s experiences to guide you. Look for a broker with lots of positive reviews so that you know their actions match up to their words.
  • A verifiable track record. The broker you choose should have a track record over a number of years.

Should I buy BTC with Venmo?


  • Fast. Transactions often happen within a matter of minutes, and in some cases can even happen instantly. 
  • Ease of use. Once you’ve linked your Venmo account to a broker, it’s a very simple process to get Bitcoin from there.
  • Will soon offer direct purchases and sales of Bitcoin. It was reported recently that Venmo might soon offer direct Bitcoin purchases and sales, expanding the platform’s presence beyond its link to existing brokers such as Coinbase.



Can I remain anonymous with Venmo?
Do I need a crypto wallet?
How fast are transactions when you use Venmo?
Can I buy Bitcoin with Venmo instantly?
Are there low fees for using Venmo?
Can I hold cryptocurrency in my Venmo account?
Does Coinbase accept Venmo?
Can I get other cryptos using Venmo?
Is Venmo the easiest way to get Bitcoin?
What’s the biggest pro and con of using a peer-to-peer exchange?
How easy is it to find a peer-to-peer exchange that accepts Venmo?
Is Venmo recommended for beginners?
Is using Venmo a more viable strategy if you plan to hold Bitcoin for the long term?

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Jonah Keri
Financial Writer
Jonah Keri was a reporter for Invezz, wrote about stocks, cryptocurrencies, and other investments. He also covered emerging technologies for private clients. He is a trader… read more.