Before moving any digital coins, confirm your profile is authorized; inside Venmo, you can send to other Venmo users, PayPal accounts, or a self‑custody wallet. In the sections below, this guide shows how to manage your crypto safely and explains networks, timing, and fees.
Send Crypto From Your Venmo Account
Once initial requirements are handled and your identity is verified, the Venmo app lets you start a transfer in a few taps. On your screen, head to the section labeled for digital assets—it's the Crypto tab.
After that, make a selection for the asset you intend to move. As a quick note, PayPal USD (PYUSD) only goes to wallets that explicitly support that token.
From the lower-right corner, use the double‑arrow icon to begin. When prompted, look for the action button and, after reviewing, tap Send to proceed.
At this stage, enter who should receive it—type a username on Venmo, paste an outside wallet address, or select a recent recipient. If PYUSD is involved, you may be asked to confirm the recipient’s supported wallet type.
For the amount, specify how much to move; in the Venmo app, any applicable fees are shown automatically. In some cases, a network can be selected for the transaction—both parties must match that selection or funds can be lost. Certain blockchains request extra fields, such as a destination tag or memo; align these exactly with what the other side provides.
Before committing, scrutinize all details. Because these movements are irreversible, a wrong handle, an incorrect address, or an unsupported network can permanently remove access to your assets. To finish, confirm with the button; the transfer will be initiated.
For reference, earlier activity appears in the feed within the Crypto section.
Wallet Support for PYUSD
To set expectations up front, PayPal USD (PYUSD) functions as PayPal’s stablecoin. In practice, movement is supported to most ERC‑20 Ethereum addresses, to Solana SPL wallets, and to accounts on Venmo and PayPal. When using a third‑party wallet, verify PYUSD support before you start.
Understanding Networks for Cryptocurrencies
As a general concept, a network hosts a particular digital asset on its blockchain. By way of example, the asset Ether lives on the Ethereum main chain. Certain assets available through PayPal, such as PayPal USD (PYUSD), can operate across multiple networks, which lets you pick where deposits and withdrawals occur.
Depending on your choice, you may see lower fees or faster settlement. In many real‑world cases, the ecosystem around Ethereum offers Layer 2 options that boost capacity and trim costs; learn more about Layer 2 Crypto Transfers. Some routes require extra metadata (for example, memos on the Stellar network), and in certain regions specific networks may be unavailable due to regulations.
When initiating or accepting through PayPal or a third‑party wallet, the flow presents supported networks for you to choose. Important: both sides must use the identical network for the transaction; incompatible addresses can permanently destroy funds.
Receive Crypto in Your Venmo Account
If your profile has completed identity checks, funds can arrive from Venmo contacts, PayPal users, or a self‑custody wallet. From the app, open the area labeled for digital assets. Next, make a selection for the asset you intend to accept. Use the two‑arrow icon at the lower right. To reveal your deposit details, choose the action and then tap Receive.
At that point, a QR code and your address are shown. When PYUSD is the asset, you can toggle between options such as Ethereum and Solana; be sure you and the sender select the same network, or the funds may be lost. Depending on the path you choose, extra information (for example, a memo on Stellar) might be required; if the app shows additional fields, share them with the sender. To share, copy your address or let the other person scan the QR code.
After completion, an email arrives to confirm receipt, and you can track the status anytime in the Crypto section.
For safety, match each asset to the address format that belongs with it—BTC should go to a BTC address, while ETH must use an ETH address. As examples, misdirecting bitcoin (BTC) to a bitcoin cash (BCH) address, or sending over a route the destination wallet does not support—such as using Arbitrum when the wallet accepts only Ethereum mainnet—can cause a permanent loss.
For privacy reasons, a fresh deposit address may be generated after each arrival; earlier addresses remain valid and can still accept funds.
Fees for Crypto Transfers on Venmo
As a rule of thumb, for transactions inside the Venmo and PayPal ecosystem, moving between accounts carries no additional fee. If you broadcast to the public blockchain outside that ecosystem, a network fee applies. Learn more about Venmo fees.
Transfer Timing and Status
As soon as two accounts are both on Venmo, delivery happens immediately. For a third‑party wallet, arrival can range from minutes to a few hours depending on the blockchain and congestion; the app provides an estimated time when you start.
On rare occasions, funds sent from a third‑party platform might not arrive by the expected time; in those situations, contact that provider for a more precise update.
If a recipient on Venmo has not finished ID checks, they have thirty days to complete them; otherwise, the assets return to the sender. To complete verification in the app, follow the flow for accepting funds: open the Crypto area, choose the asset, use the arrows, and pick Receive; if needed, you’ll be asked to verify.
If you’re uncertain about progress, use the hash (transaction ID) from your confirmation email to check status on your preferred blockchain explorer.
Who Can Use Crypto Transfers?
Only customers who have verified their identity are eligible to use these features in the Venmo app.
