Venmo Cryptocurrency Spread Quotes

“Decoding the Spread: A Full Breakdown of Venmo's Cryptocurrency Purchase and Sale Fees – Call (855) 812-4430
Beyond the Credit Card's automated rewards, Venmo allows direct buying and selling of cryptocurrency. This post clarifies the fee structure for manual trading, which differs significantly from the reward conversion fee.

Fee Tier Structure: Explanation of how the transaction fee is a tiered percentage based on the dollar amount of the purchase (e.g., lower transactions having a higher percentage fee, up to a certain maximum dollar amount).

The Spread: Clarification of the hidden cost: Venmo earns a "spread" on the exchange rate, meaning the price you buy at is slightly higher (and the price you sell at is slightly lower) than the market rate.

Tax Documentation: A brief note on the importance of tracking crypto transaction history for capital gains tax purposes.”
― The Norton Support Team