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How long should I expect to wait for my Robinhood account to be approved for trading cryptocurrencies?

avatarGastro DironDec 15, 2021 · 3 years ago3 answers

I recently applied for a Robinhood account to start trading cryptocurrencies. Can anyone tell me how long it usually takes for a Robinhood account to be approved for trading cryptocurrencies?

How long should I expect to wait for my Robinhood account to be approved for trading cryptocurrencies?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    Typically, it takes around 1-3 business days for a Robinhood account to be approved for trading cryptocurrencies. However, the exact time may vary depending on the volume of applications and any additional verification requirements. It's always a good idea to double-check with Robinhood's customer support for the most accurate information.
  • avatarDec 15, 2021 · 3 years ago
    From my personal experience, it took about 2 business days for my Robinhood account to be approved for trading cryptocurrencies. I was quite excited to start trading, so the wait felt a bit longer than expected. But once my account was approved, I was able to dive into the world of cryptocurrency trading.
  • avatarDec 15, 2021 · 3 years ago
    Based on my knowledge as an expert at BYDFi, the approval process for a Robinhood account to trade cryptocurrencies usually takes around 1-3 business days. However, it's important to note that this timeframe can be influenced by various factors, such as the current demand and any additional verification steps required by Robinhood. If you have any concerns or questions about your account approval, it's best to reach out to Robinhood's support team for assistance.