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How long does it take to transfer crypto from Robinhood?

avatarSchneider OlsonDec 19, 2021 · 3 years ago3 answers

Can you tell me the average time it takes to transfer cryptocurrency from Robinhood to another wallet?

How long does it take to transfer crypto from Robinhood?

3 answers

  • avatarDec 19, 2021 · 3 years ago
    Transferring cryptocurrency from Robinhood to another wallet usually takes around 1-5 business days. The exact time can vary depending on the network congestion and the specific cryptocurrency you are transferring. It's important to note that Robinhood does not currently support direct transfers to external wallets, so you would need to sell your cryptocurrency on Robinhood and then withdraw the funds to your bank account or another exchange to transfer it to a different wallet.
  • avatarDec 19, 2021 · 3 years ago
    When transferring crypto from Robinhood, it typically takes a few days for the transaction to be completed. This is because Robinhood uses a centralized system for managing cryptocurrency transactions, which requires additional processing time compared to decentralized exchanges. Additionally, the time can also be influenced by the blockchain network's congestion and the specific cryptocurrency being transferred. It's always a good idea to double-check the transaction status and contact Robinhood support if you encounter any issues.
  • avatarDec 19, 2021 · 3 years ago
    Transferring crypto from Robinhood to another wallet can take some time. It usually takes a few business days for the transfer to be processed and completed. However, the actual time can vary depending on various factors such as network congestion, blockchain confirmations, and the specific cryptocurrency being transferred. If you need to transfer your crypto quickly, you may consider using a different exchange or wallet that offers faster transaction times. BYDFi, for example, provides fast and secure crypto transfers with minimal processing time.