PayPal adds buying and selling cryptocurrencies to Venmo

PayPal-owned mobile payment service Venmo has added the ability to buy and sell cryptocurrencies. About itthe company said in a statement.

Bitcoin, Ethereum, Litecoin and Bitcoin Cash will be available to 77 million Venmo users over the next weeks, according to the announcement. The minimum purchase amount is $ 1.

"Users will be able to trade cryptocurrency using funds from their Venmo balance, linked bank account or debit card.", - said in a press release.

The partner was Paxos. In July 2020, it became known that the payment giant had selected her for asset management.

In addition to integrating functionality for working withcryptocurrencies, Venmo will also feature educational material that will cover various features of the Bitcoin network and other digital assets.

It's worth noting that Venmo encourages itsusers to disseminate information about their own actions. That is, very soon Venmo users will see messages in the style: “Alice sent Bob $50 in Bitcoin.” This is already free advertising of cryptocurrencies, among 77 million people.

Venmo is a mobile application thatallows people to transfer funds. It is convenient to make small payments with it, for example, divide the bill for dinner, get paid for work, send a gift, and more. Venmo has 77 million users. Since 2013, it has been owned by PayPal.

• As a reminder, in November 2020, PayPal launched the purchase and sale of bitcoin for US users.
• In early March 2021, the firm confirmed plans to acquire cryptocurrency storage infrastructure provider Curv.
• In the same month, sources told Reuters that PayPal would allow US customers to pay for purchases with Bitcoin, Bitcoin Cash, Ethereum and Litecoin at partner stores.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features — futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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