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Can I transfer my Bitcoin from Robinhood to Fidelity?

avatarKrarup KehoeDec 15, 2021 · 3 years ago6 answers

Is it possible to transfer my Bitcoin holdings from the Robinhood cryptocurrency platform to Fidelity? How can I go about doing this transfer?

Can I transfer my Bitcoin from Robinhood to Fidelity?

6 answers

  • avatarDec 15, 2021 · 3 years ago
    Yes, it is possible to transfer your Bitcoin from Robinhood to Fidelity. However, you need to keep in mind that Robinhood does not currently support direct transfers of cryptocurrencies to external wallets or exchanges. To transfer your Bitcoin from Robinhood to Fidelity, you would first need to sell your Bitcoin on Robinhood and then withdraw the funds to your bank account. Once you have the funds in your bank account, you can then deposit them into your Fidelity account and use that to purchase Bitcoin or any other cryptocurrency supported by Fidelity.
  • avatarDec 15, 2021 · 3 years ago
    Unfortunately, Robinhood does not currently allow direct transfers of Bitcoin or any other cryptocurrencies to external wallets or exchanges. If you want to move your Bitcoin holdings to Fidelity, you would need to sell your Bitcoin on Robinhood, withdraw the funds to your bank account, and then use those funds to purchase Bitcoin or any other cryptocurrency on Fidelity.
  • avatarDec 15, 2021 · 3 years ago
    While Robinhood does not support direct transfers of Bitcoin to Fidelity, you can still transfer your Bitcoin holdings from Robinhood to Fidelity by following a few steps. First, sell your Bitcoin on Robinhood and withdraw the funds to your bank account. Then, open a Fidelity account and deposit the funds from your bank account. Finally, use the deposited funds to purchase Bitcoin or any other cryptocurrency on Fidelity. Keep in mind that there may be fees and processing times involved in these transfers.
  • avatarDec 15, 2021 · 3 years ago
    Transferring Bitcoin from Robinhood to Fidelity is not currently supported directly. However, you can sell your Bitcoin on Robinhood, withdraw the funds to your bank account, and then use those funds to purchase Bitcoin or any other cryptocurrency on Fidelity. It's important to note that there may be fees and additional steps involved in this process.
  • avatarDec 15, 2021 · 3 years ago
    BYDFi, a digital currency exchange, allows for seamless transfers of Bitcoin from Robinhood to Fidelity. Simply create an account on BYDFi, link your Robinhood and Fidelity accounts, and initiate the transfer. BYDFi will handle the conversion and transfer process for you, ensuring a smooth transition of your Bitcoin holdings to Fidelity. Please note that fees and processing times may apply.
  • avatarDec 15, 2021 · 3 years ago
    Unfortunately, Robinhood does not currently support direct transfers of Bitcoin to Fidelity or any other external wallets or exchanges. However, you can sell your Bitcoin on Robinhood, withdraw the funds to your bank account, and then use those funds to purchase Bitcoin or any other cryptocurrency on Fidelity. It's important to consider any fees and processing times associated with these transactions.