How do I sell cryptocurrency on Venmo?
After you’ve bought crypto on Venmo, you can sell that crypto in the Venmo app:
- Go to the Crypto tab
- Select your preferred crypto and we'll show the current price – we update this every few seconds to keep you up-to-date
- Tap Sell then enter the amount of crypto you want to sell
The money you receive from selling crypto is typically available in your Venmo account right away.
Are there fees when selling cryptocurrency on Venmo?
You will incur a fee when you buy or sell most cryptocurrencies on Venmo. The fee will vary based on the purchase or sale amount. Venmo displays that amount when you are making a transaction.
You can learn more about how these fees are calculated in Venmo’s Cryptocurrency Terms and Conditions.
If you use a linked bank account or debit card for a Venmo transaction, your bank may charge its own fees, like overdraft fees or insufficient fund fees. Venmo is not responsible for fees charged by your bank.
There are no fees to buy or sell PYUSD on Venmo.
I lost money on my cryptocurrency purchase. What can I do?
Venmo is unable to offer financial advice. We recommend speaking to a financial advisor.
How long does it take to receive money from selling cryptocurrency?
It’s possible for your sale of crypto to take longer to process and it may not always be successful. If the sale fails, we’ll notify you that the purchase was not successful and your crypto balance will not change. You can try to sell again when you see fit.
Like other Venmo transactions, the proceeds from the sale of crypto can be held for review. If this happens, the funds will either be released to your Venmo account in up to seven days or you will receive a follow-up email from our team. You can see the estimated release date in your Venmo app. If your crypto sale has been pending for longer than expected, please contact our Support team.
In what order is my crypto sold?
Venmo uses the highest-in-first-out ("HIFO") method to calculate gains and losses when you sell crypto. More information is available in Venmo’s Cryptocurrency Terms and Conditions.