{"id":1238,"date":"2019-02-27T09:40:00","date_gmt":"2019-02-27T01:40:00","guid":{"rendered":"https:\/\/www.coincola.com\/blog\/?p=1238"},"modified":"2023-11-06T16:06:33","modified_gmt":"2023-11-06T08:06:33","slug":"buy-bitcoin-venmo","status":"publish","type":"post","link":"\/blog\/buy-bitcoin-venmo\/","title":{"rendered":"Simple Guide to Buy Bitcoin with Venmo Safely and Instantly"},"content":{"rendered":"\n
\"\"\/<\/figure>\n\n\n\n

Venmo is a payment website with built-in social features that\u2019s become very popular, especially in the US. It\u2019s quick and easy to install, free to register with, and very straightforward to use and understand. The fees are similar to PayPal\u2019s – but given that service\u2019s popularity, this isn\u2019t a problem.
<\/p>\n\n\n\n

Unfortunately, Venmo has one important drawback in common with cash. You can\u2019t use Venmo for bitcoin purchases directly. Fortunately, one of the world\u2019s biggest OTC crypto marketplaces does let buyers and sellers exchange bitcoin for venmo and vice versa. <\/p>\n\n\n\n

Related: \nTop 5 Best Wallet Apps Supporting USDT TRC20: Guide to USDT TRC20 Contract Address<\/a>\nSpot Bitcoin ETF Approval: What to Expect?<\/a><\/em><\/strong><\/pre>\n\n\n\n
That service\u2019s name is CoinCola. It is the pioneer of cryptocurrency exchanges that focus on perfecting the OTC services – coducting peer-to-peer cryptocurrency transfer. With over 100,000 monthly transactions, it\u2019s one of the most reliable bitcoin exchanges in the world – and it also deals with dash, ethereum, and other cryptocurrencies. 
<\/p>\n\n\n\n
Below, we explain how you can use Venmo to settle payment to buy bitcoin cheaply and quickly.
<\/p>\n\n\n\n
Registering with and using CoinCola<\/h2>\n\n\n\n
Making Venmo purchases with CoinCola is easy, even if you only have minutes and minimal technical skills. Here\u2019s how the process works. 
<\/p>\n\n\n\n
Opening an account and getting verified<\/h3>\n\n\n\n
    \n
  1. Visit https:\/\/www.coincola.com<\/a> or https:\/\/www.coincola.app.<\/a><\/li>\n\n\n\n
  2. Click \u201cSign up\u201d. 
    \"\"<\/figure><\/li>\n\n\n\n
  3. Follow the on-screen prompts to verify your mobile number. 
    <\/li>\n\n\n\n
  4. Having verified your number, log into your new account and go to \u201cUser Center\u201d on the desktop website or the \u201cSettings\u201d part of your \u201cMe\u201d tab on your mobile app. 
    \"\"<\/figure><\/li>\n\n\n\n
  5. Click on either \u201cAuthentication\u201d or \u201cReal name verified\u201d. Once again, this will depend on which version of the service you\u2019re using. <\/li>\n\n\n\n
  6. Click on either \u201cAuthentication\u201d or \u201cReal name verified\u201d. Once again, this will depend on which version of the service you\u2019re using. \"\"<\/li>\n\n\n\n
  7. Upload the required images and\/or key in your data to make sure your identity has been verified. <\/li>\n\n\n\n
  8. Once you\u2019re done with the steps above, you can make your first Venmo purchase. All you have to do is:\n
      \n
    1. Go to the \u201cOTC\u201d tab. <\/li>\n\n\n\n
    2. Find a seller that works with Venmo and click the \u201cbuy BTC\u201d <\/em>button next to their name. 
      \"\"<\/figure><\/li>\n\n\n\n
    3. Choose how much bitcoin you want to buy – or how much money you want to sell.
      \"\"<\/figure><\/li>\n\n\n\n
    4. Read the advertisement carefully, talk to the seller, then make the transfer after you\u2019re certain of your payment and coin release terms. <\/li>\n\n\n\n
    5. Click \u201cMark as Paid\u201d and wait for the seller to release your coins.<\/li>\n\n\n\n
    6. If your seller does not release your coin, you can file a dispute to our 24\/7 customer support on the upper right corner of the trading page. The seller’s assets are temporarily held on our system so we can review any conflicts. <\/li>\n<\/ol>\n<\/li>\n<\/ol>\n\n\n\n
      That\u2019s it! Once you go through this process, you will have the bitcoins you wanted on your balance. 
      <\/p>\n\n\n\n
      Is CoinCola safe to use?<\/h2>\n\n\n\n
      \"\"\/<\/figure>\n\n\n\n
      Compared to other exchanges on the Internet, CoinCola is safe to use for two reasons. First, it\u2019s based in Hong Kong: a country with strong ties to both Asia and Europe. Should anything ever go wrong, CoinCola\u2019s customers are well-protected by international, Chinese and Hong Kong laws. 
      <\/p>\n\n\n\n
      Outside of that, CoinCola carefully verifies the contact details and identities of its users. This makes buying btc with Venmo safe and easy, no matter where you happen to be. Once again, should anything go wrong, offenders are easy to find and prosecute. 
      <\/p>\n\n\n\n
      Conclusion<\/h3>\n\n\n
      \n
      \"\"<\/figure><\/div>\n\n\n
      Venmo is one of the most popular ways to make fast cash transfers online. Unfortunately, using it to buy bitcoin is often difficult. 
      <\/p>\n\n\n\n
      The silver lining is that CoinCola makes things both easy and cheap. As a reputable service with tiny fees – 0% for buyers and 0.7% for sales from advertised ads – it\u2019s one of the best places to trade Venmo for bitcoin. 
      <\/p>\n\n\n\n
      To learn more about the service, why not sign up for free today? That way, you\u2019ll be able to buy crypto cheaply using cash, venmo, PayPal<\/a>, and a variety of other options<\/a>. <\/p>\n\n\n\n
      About CoinCola<\/strong><\/p>\n\n\n\n
      Founded in 2016, CoinCola is a Hong Kong based company offering both over-the-counter<\/a> cryptocurrency trading and crypto-to-crypto pair trading exchange<\/a>. CoinCola now serves millions of users from over 150 countries with our fast, secure, and reliable trading services. We support BTC, ETH, BCH, LTC, USDT, DASH, and XRP. Visit www.coincola.com<\/a> for more information.  <\/p>\n\n\n\n
      Calculating your current Bitcoin holdings? Check out our real-time <\/strong>Crypto Converter<\/strong><\/a> here.<\/strong><\/p>\n\n\n\n

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