How to Buy Crypto on Venmo As Bitcoin, Ethereum, Litecoin, Bitcoin Cash Hit App

How to Buy Crypto on Venmo As Bitcoin, Ethereum, Litecoin, Bitcoin Cash Hit App

Four types of cryptocurrencies can now be bought and sold via the social payments app Venmo, the company announced on Tuesday.There are already a number of smartphone apps that support crypto trading, including Coinbase, Gemini and Robinhood, but Venmo pitched its own integration as further streamlining the process—letting its U.S. users get involved for as little as $1.Those users will now have the ability to buy, hold and sell Bitcoin, Ethereum, Litecoin, and Bitcoin Cash within the app—with some key limitations.While the crypto is stored on the Venmo account, CNBC confirmed that users who own tokens won't be able to transfer them out to a personal digital wallet. In addition, users who have crypto in another service can't transfer crypto into their Venmo account, and users won't have the ability to send cryptocurrencies between Venmo accounts.For anyone seeking to wade gently into cryptocurrency, the Venmo app could be one beginner-friendly option. This article is not intended as financial advice and any financial investments should be carefully considered with the risk in mind.How to Buy Crypto on VenmoPer the official Venmo FAQ, this is a step-by-step guide