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You Can Get $25 for Buying Crypto on Venmo Through Thursday – Motley Fool

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by Lyle Daly | Published on Sept. 24, 2021
Image source: Getty Images
This limited-time offer is an easy way to make $25.
The popular payments app Venmo started letting users buy and sell crypto earlier this year. Now, it's adding an incentive of $25 in bonus cash if you buy at least $25 of cryptocurrency in a single purchase.
This promotion is available to users who receive the offer in an email from Venmo or who see it in their Venmo app. It runs through Sept. 30 (Thursday), but there are only 10,000 rewards available. So it's worth checking to see if you're eligible and claiming the $25 reward ASAP. Here's how.
Getting the $25 in bonus cash from Venmo is a simple process:
The fee for buying crypto on Venmo varies by the amount. On purchases of $25 to $100, there's a 2.3% fee. If you buy exactly $25 worth of crypto, the fee would be about $0.58.
Venmo will add $25 to your account by Oct. 15, 2021. Whether you think cryptocurrency is a good investment or not, you can't lose with this offer. The $25 bonus will cover the crypto you bought, and you can sell that crypto at any time.
These are the rules for the Venmo crypto offer:
Considering Venmo is essentially offering free money for a crypto purchase, it makes sense to take advantage. However, if you're serious about investing in cryptocurrency, you should look for other cryptocurrency apps and exchanges.
There are a couple reasons why you shouldn't buy crypto on Venmo outside of this promotional offer. The most glaring issue is that Venmo doesn't let you do anything with crypto except for buying and selling it. You can't transfer it to a crypto wallet or to another person.
It's worth noting that Venmo has plans to open up cryptocurrency transfers to third-party wallets. When it does, it will be a much better option for buying crypto.
Another issue is that the cryptocurrency selection on Venmo is limited to four coins. There are several types of cryptocurrency that aren't available, including some of the biggest on the market.
If you're eligible for the $25 bonus on Venmo, then go for it. Just keep in mind that for actual crypto investing, there are better options available at the moment.
There are hundreds of platforms around the world that are waiting to give you access to thousands of cryptocurrencies. And to find the one that's right for you, you'll need to decide what features that matter most to you.

To help you get started, our independent experts have sifted through the options to bring you some of our best cryptocurrency exchanges for 2021. Check out the list here and get started on your crypto journey, today.
Lyle is a writer specializing in credit cards, travel rewards programs, and banking. His work has also appeared on MSN Money, USA Today, and Yahoo! Finance.
We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.
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