Does it cost anything to hold crypto on Venmo?
Venmo does not charge fees for holding crypto. Learn more about the fees for buying and selling crypto.
How can I see what my crypto is worth?
After purchasing crypto on Venmo, you can track any price changes in the Venmo app:
- Go to the Crypto tab
- Select your preferred crypto - we'll update the displayed current price every few seconds
The Venmo app will display historical prices for your selected cryptocurrency, as well as your previous transactions with that cryptocurrency.
By default, you will be shown the change in market value over a 24-hour period using a line graph. You can toggle to view one week, one month, six-months, one year, and the entire history of the selected cryptocurrency. When you tap on the timeline graph, you can view more specific values over time.
What does the “Total Return” number mean?
Venmo reflects your crypto balance position with real-time returns based on current market conditions. This is reflected as “Total Return” in the Crypto tab of your Venmo app.
We calculate Total Return by finding the difference between the original purchase price of your crypto including fees, and the price it’s selling for right now.
Total return and user entered purchase price will not be used for tax reporting. Learn more about taxes for cryptocurrency on Venmo.
Can I record a Purchase Price for my crypto?
Purchase Price refers to the price you originally paid for your crypto, including fees. After you buy or receive crypto you can enter a Purchase Price within the details of the transaction.
Entering a Purchase Price is optional to help give a more precise return figure. If you don’t enter a Purchase Price, we will use the price the crypto is trading for at the time you receive it.
Venmo is not responsible for the accuracy of any user-entered purchase price information. You will be responsible for the accuracy of the purchase price entered.
Purchase Price can only be used for transactions recorded on Venmo. If you have crypto assets outside of Venmo and subsequently dispose of the assets, Venmo will not have visibility into your information, and it is, therefore, your responsibility to track and report such information.
The Total Return and user-entered Purchase Price will not be used for tax reporting. Learn more about taxes for cryptocurrency on Venmo.