You can get $ 25 for buying crypto on Venmo until Thursday

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The popular payment app Venmo started allowing users to buy and sell crypto earlier this year. Now it adds a $ 25 bonus cash incentive if you buy at least $ 25 of cryptocurrency in one purchase.

This promotion is available to users who receive the offer in an email from Venmo or who see it in their Venmo app. It runs until September 30 (Thursday), but there are only 10,000 rewards available. So it’s worth checking if you’re eligible and claiming the $ 25 reward as soon as possible. Here’s how.

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How to get $ 25 to buy crypto on Venmo

Getting Venmo’s $ 25 cash bonus is a straightforward process:

Find the offer in an email from Venmo or in the app. If you did not receive the offer by email or through the app, you are not eligible. Select “Start” in the offer. Tap the cryptocurrency symbol at the bottom of the Venmo home screen Select one of the cryptocurrencies offered by Venmo. . It has Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). Buy at least $ 25 of your chosen crypto.

The fees for buying crypto on Venmo vary by amount. On purchases of $ 25 to $ 100, there is a 2.3% charge. If you buy exactly $ 25 worth of crypto, the fee would be around $ 0.58.

Venmo will add $ 25 to your account by October 15, 2021. Whether you think cryptocurrency is a good investment or not, you can’t lose with this offer. The $ 25 bonus will cover the crypto you have purchased, and you can sell that crypto at any time.

Terms and conditions

Here are the rules of the Venmo crypto offer:

10,000 rewards of $ 25 are available. Offer period ends September 30, 2021 at 11:59:59 p.m. PDT. It is available to residents of the 50 United States and Washington, DC who are at least 18 years of age and have a Venmo Account in good standing. You must purchase $ 25 or more of a cryptocurrency on Venmo in a single transaction. Multiple purchases under $ 25 will not be eligible. The limit is one $ 25 reward per Venmo account. Get the bonus, but look for other platforms if you want to invest in crypto.

Since Venmo is essentially offering free money for a crypto purchase, it makes sense to take advantage of it. However, if you are serious about investing in cryptocurrency, you should look for other cryptocurrency apps and exchanges.

There are several reasons why you shouldn’t buy crypto on Venmo outside of this promotional offer. The most glaring problem is that Venmo doesn’t allow you to do anything with the crypto except buy and sell it. You cannot transfer it to a crypto wallet or to another person.

It should be noted that Venmo intends to open cryptocurrency transfers to third party wallets. When it does, it will be a much better option to buy crypto.

Another issue is that the cryptocurrency selection on Venmo is limited to four coins. There are several types of cryptocurrency that are not available, including some of the largest in the market.

If you are eligible for the $ 25 bonus on Venmo, then go for it. Just keep in mind that for a real investment in crypto there are better options available at this time.

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