While Venmo’s new crypto feature seems to be simpler than those of rival platforms, it’s crucial for users to exercise caution when transferring funds. The company has provided more information on the transfer process on its website, and the update will be rolling out to users in the coming weeks. However, it is a tiered update, so not all users will have access to the feature immediately.
It’s worth noting that Venmo’s new feature is currently unavailable in Hawaii and New York and is limited to cryptocurrencies available for purchase on the platform, such as Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
