How can I withdraw cash from my Robinhood brokerage account and invest it in cryptocurrencies?
LifeableDec 16, 2021 · 3 years ago1 answers
I have some cash in my Robinhood brokerage account and I want to invest it in cryptocurrencies. How can I withdraw the cash from my Robinhood account and use it to buy cryptocurrencies?
1 answers
- Dec 16, 2021 · 3 years agoWithdrawing cash from your Robinhood brokerage account and investing it in cryptocurrencies is a straightforward process. Here's what you need to do: 1. Log in to your Robinhood account. 2. Navigate to the 'Account' tab. 3. Select 'Transfer' or 'Withdraw'. 4. Choose the amount of cash you want to withdraw. 5. Follow the instructions to link your bank account and initiate the transfer. 6. Once the cash is in your bank account, you can use it to buy cryptocurrencies on any reputable cryptocurrency exchange. Remember to consider any fees or restrictions associated with cash withdrawals and cryptocurrency purchases on Robinhood and the cryptocurrency exchange you choose. Happy investing!
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