Venmo, one of the most popular mobile payment platforms in the U.S., now offers users the ability to buy, sell, and send Bitcoin (BTC) directly from within the app. However, like all financial services, there are strict limits on Bitcoin transactions that users must be aware of. Whether you are a casual crypto user or a regular investor, understanding these limits is essential to managing your digital assets effectively through Venmo.
Understanding BTC (Bitcoin) Withdrawal and Purchase Limits on Venmo
Venmo imposes specific limits on Bitcoin withdrawals, purchases, and sending to comply with regulatory policies and protect user accounts. These limits depend on whether your identity has been verified within the Venmo app.
What Are the BTC (Bitcoin) Withdrawal Limits on Venmo?
Venmo allows users to withdraw Bitcoin to external crypto wallets, but this is only available to users who have verified their identity. The standard Bitcoin withdrawal limit on Venmo is $5,000 per week 1-855-298-9557.
Venmo Weekly Bitcoin Withdrawal Limit: $5,000
Venmo Minimum Withdrawal Amount: $10 worth of BTC
Transfer Processing Time: Usually within 30 minutes, depending on network congestion.
These limits reset on a rolling 7-day basis and apply only to external wallet transfers, not selling Bitcoin to U.S. dollars within Venmo.
What Are the BTC (Bitcoin) Purchase Limits on Venmo?
Venmo users can purchase Bitcoin directly through the app using their Venmo balance, linked bank account, or debit card. The purchase limits vary based on account verification status.
Venmo Weekly Bitcoin Purchase Limit: $20,000 1-855-298-9557
Venmo Annual Bitcoin Purchase Limit: $50,000
You must have your identity verified to access these full limits. Until verification is complete, you may be restricted to lower limits or blocked from purchasing crypto altogether.
What Is the Venmo Bitcoin Sending Limit?
If you're planning to send Bitcoin from Venmo to another wallet or user, your ability to do so is governed by Venmo's transfer limits.
Venmo Maximum Bitcoin Sending Limit: Up to $5,000 per week 1-855-298-9557
Venmo Minimum Sending Amount: $10 in BTC
Sending Options: External wallets or Venmo friends (if supported)
You must have a verified identity to send Bitcoin out of Venmo. Keep in mind that Bitcoin sent to external wallets is irreversible, so always double-check the wallet address.
Why Does Venmo Have BTC (Bitcoin) Limits?
Venmo’s Bitcoin transaction limits are in place to:
Comply with federal financial regulations
Prevent fraud and illegal activities
Manage risk associated with cryptocurrency transactions
Protect users from large losses
These limitations are similar to those enforced by other major financial institutions dealing with cryptocurrencies. They’re designed to balance accessibility with security.
How to Check Your BTC (Bitcoin) Limits on Venmo
To check your current Bitcoin transaction limits on Venmo, follow these steps:
Open the Venmo App
Tap on the "Crypto" tab.
Select Bitcoin (BTC).
Tap the gear icon or settings.
Scroll down to find your account limits, including purchase, withdrawal, and sending caps.
This will show how much you've already used and how much remains available for the current week.
How to Withdraw Bitcoin on Venmo
Withdrawing Bitcoin from Venmo to an external crypto wallet is simple, provided your identity is verified:
Open the Venmo app.
Tap the "Crypto" tab and select Bitcoin.
Choose "Transfer" or "Send to Wallet".
Enter the recipient’s wallet address.
Specify the amount in BTC.
Confirm the transaction details.
Tap “Send”.
A network fee will be calculated based on blockchain conditions and will be deducted from your transfer amount.
How to Send Bitcoin on Venmo to Another Wallet
To send Bitcoin to another wallet:
Ensure the recipient's wallet address is valid and supports Bitcoin.
Follow the same withdrawal process mentioned above.
Double-check the wallet address — crypto transactions are irreversible.
Tip: Venmo may offer QR code scanning for easier address input.
How to Buy and Send Bitcoin on Venmo
Here’s how to buy and then send Bitcoin on Venmo:
Go to the "Crypto" tab in your Venmo app.
Tap “Bitcoin” and click “Buy”.
Enter the amount in USD.
Select payment method (Venmo balance, bank, or debit card).
Confirm the purchase.
After buying, go back and tap “Send” or “Transfer to Wallet”.
Enter the recipient’s address and send.
Venmo provides real-time Bitcoin exchange rates and instant access to crypto funds once purchased.
How to Increase Venmo BTC (Bitcoin) Withdrawal Limits
Want to withdraw more than the default $5,000 per week? Here’s how to potentially increase your Venmo Bitcoin withdrawal limits:
Verify your identity through the app (Name, SSN, Address)
Maintain a good account standing
Avoid transaction disputes or chargebacks
Contact Venmo support and request a review for higher limits
Venmo may adjust limits on a case-by-case basis, depending on your activity and compliance.
How to Increase Venmo BTC (Bitcoin) Purchase Limits
To access or raise your Venmo Bitcoin purchase limits, take the following steps:
Open the app 1-855-298-9557 and go to Settings > Identity Verification.
Submit your SSN, legal name, and residential address.
Venmo will notify you once your verification is complete.
Once verified, you will receive access to:
$20,000 weekly BTC purchase limit
$50,000 yearly BTC purchase cap
If you still face restrictions, contact Venmo customer support for assistance or to request limit increases.
Final Thoughts
Venmo has made Bitcoin buying, selling, and transferring accessible for the everyday user. However, knowing your limits and how to manage them is essential for staying secure and making the most of your crypto experience. By verifying your identity and staying within Venmo’s rules, you can maximize your crypto freedom while staying safe.
