If you have cryptocurrency connected to your Venmo account, transferring it to another Venmo account or a PayPal wallet is about as easy as transferring regular money over the platform. To see your selection of crypto, you need to click the crypto tab on the Venmo app. Once there, select the coin you want to transfer from your list of cryptocurrencies. From there, click the transfer arrow, and then you’ll get your transfer option.
Hitting “Send” allows you to enter an amount and the name of the Venmo account where you want to send the cryptocurrency. Simply fill in the details, click send, and the digital cash should be sent over in an instant. Transfers can also be made to an external wallet or a PayPal user, to do this you’ll need to enter the recipient’s wallet address. Sending crypto between accounts and wallets in the “Paypal network” (basically Venmo and Paypal) is free of charge. Transferring to a wallet outside this network will incur a fee, and those fees vary.
Clicking “Receive” will bring up a QR code other users can scan to get the address of your Venmo wallet. The QR code allows them to quickly and accurately work out where to send any cryptocurrency they’re planning on giving you. Accuracy is very important, as Venmo points out that any transfers that have been started can’t be aborted. They can’t be reversed either, so if you mistakenly send some to the wrong address, it’s gone forever.
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