Venmo: Buy $25 In Crypto & Get $25 Reward

Venmo will make a $25 cash deposit into your Venmo account when you purchase $25 in crypto! This limited-time offer is essentially giving users $25 in free crypto.

Venmo Buy $25 Crypto Get $25 Reward Offer

Venmo users will get a free $25 deposit into their Venmo account when they buy at least $25 worth of cryptocurrency.

Ninja Note: Not a Venmo user? Get another $5 bonus for signing up through this link.

This appears to be open to all Venmo users who received the promotion via email or see it in their Venmo app.

Venmo charges a 2.3% transaction fee for crypto transactions under $100 with a 50¢ minimum fee.

Venmo buy crypto promotion
(Screenshot from Venmo)

How To Get $25 Reward

To earn the $25 cash bonus, you must:

  1. Tap the crypto symbol at the bottom of the home screen to pick a cryptocurrency.
  2. Buy $25 or more in a single purchase by September 30, 2021.*
  3. Venmo will drop $25 into your account by October 15, 2021.

*The $25 USD purchase of crypto must be for a single type of coin in a single transaction made with Venmo by 9/30. Your reward will be deposited into your Venmo account by 10/15.

Crypto PlatformPromotionLink
BlockFi logo$250 Free BitcoinLink
Celsius Network logo$50 Free BitcoinLink
Gemini logo$50 Free BitcoinLink
Voyager logo$25 Free BitcoinLink
Coinbase logo$10 Free BTCLink
eToro logo$50 Free CashLink

Venmo Crypto Offer Terms & Conditions

  • Only 10,000 rewards available.
  • Eligible Participant: Open only to individuals who (1) are residents of any one of the fifty United States or the District of Columbia; (2) are 18 years of age or older; (3) have a U.S. Venmo account that remains in good standing; and (4) receive an email or view a banner from Venmo inviting participation in the offer.
  • Offer Period: This offer begins when received the the Eligible Participant and ends on September 30, 2021 at 11:59:59 p.m. PT (“Offer Period”).
  • How it Works: During the Offer Period, an Eligible Participant must click through the Invitation and purchase $25 or more of any of the four cryptocurrencies (Bitcoin, Ethereum, Litecoin and Bitcoin Cash) available via Venmo using a Valid Account. The purchased amount must be for a single type of coin in a single transaction.
  • Qualifying purchases do not include: (1) purchase(s) of cryptocurrency made on servers other than Venmo; (2) purchase(s) of two or more different types of cryptocurrencies equaling $25 or more; (3) multiple purchases of one coin equaling $25 or more; and (4) PayPal transaction fees.
  • Once a qualifying purchase has been successfully completed and verified by Venmo, $25 will be sent to Eligible Participant’s Valid Account (“Reward”). Reward should be added to Eligible Participant’s Valid Account by approximately October 15, 2021 but may be available sooner. There is a limit of one Reward per Valid Account.

The Bottom Line

If you didn’t get the email, check your Venmo app. The offer should appear at the top of the main screen.

This is a no-brainer since you’re getting $25 worth of crypto for free. Even if you’re not a believer in a cryptocurrency future, this is a risk-free bet.

I find the offer interesting too because PayPal owns Venmo, but has an identical crypto offer.

2 thoughts on “Venmo: Buy $25 In Crypto & Get $25 Reward”

  1. I think Venmo is being very deceptive with this offer. I took the bait and purchased $50 of Ethereum from them. I had my Coinbase window open as well to compare crypto market prices. Venmo market prices were a few dollars higher than Coinbase’s but I thought “$25 free crypto” was worth the discrepancy. At the time of my purchase, Ethereum was selling at around $3,525 per token. When I clicked “buy”, the price “suddenly” jumped to $3,550, and then dropped back just as quickly…. Doesn’t take a genius to figure out I just paid for the $25 “Reward” Venmo is going to give me.

    Reply
    • Hi Spencer. Thanks for mentioning the spread that Venmo charges, I need to add that in this post. I believe most places you buy cryptocurrencies from contain a spread.

      However, I want to comment on what you said at the end because you’re still getting $25 in free crypto. Using your example, if you buy $25 worth of Ethereum (ETH) for $3,550 instead of $3,525; that doesn’t mean you’re losing the $25 Venmo reward.

      It just means your cost basis for ETH is slightly higher. Specifically speaking about this deal, if you spend exactly $25, this is a completely free deal regardless of the higher price you bought ETH for.

      Reply

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