Can I use Bitcoin or other cryptocurrencies to transfer money from Robinhood to my bank account?

3 answers

• Dec 17, 2021 · 3 years ago
  Unfortunately, Robinhood does not currently support direct transfers of Bitcoin or other cryptocurrencies to bank accounts. However, there are alternative methods you can use to convert your cryptocurrencies into cash and then transfer the funds to your bank account. One option is to sell your cryptocurrencies on a cryptocurrency exchange like Binance or BYDFi, and then withdraw the cash to your bank account. Keep in mind that this process may involve additional fees and may take some time to complete.
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• Dec 17, 2021 · 3 years ago
  No, you cannot directly transfer Bitcoin or other cryptocurrencies from your Robinhood account to your bank account. Robinhood is primarily a stock trading platform and does not provide a built-in feature for transferring cryptocurrencies to bank accounts. To convert your cryptocurrencies into cash and transfer the funds to your bank account, you will need to sell your cryptocurrencies on a cryptocurrency exchange and then withdraw the cash to your bank account.
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• Dec 17, 2021 · 3 years ago
  While Robinhood does not offer direct transfers of Bitcoin or other cryptocurrencies to bank accounts, you can use a third-party cryptocurrency exchange like BYDFi to convert your cryptocurrencies into cash and then transfer the funds to your bank account. Simply sell your cryptocurrencies on BYDFi, withdraw the cash to your bank account, and you're good to go. Just make sure to consider any fees and processing times associated with the exchange and withdrawal process.
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