Is it normal to see 0 withdrawable cash on Robinhood for my cryptocurrency investments?

5 answers

• Nov 29, 2021 · 3 years ago
  It is not uncommon to see 0 withdrawable cash on Robinhood for cryptocurrency investments. Robinhood operates on a fractional reserve system, which means they may not hold all the cryptocurrencies you have invested in. Instead, they hold a pool of cryptocurrencies to facilitate trading. As a result, the withdrawable cash may show 0 because your investments are not directly tied to specific cryptocurrencies in their reserve. However, you can still sell your cryptocurrencies and use the proceeds to buy other assets on Robinhood.
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• Nov 29, 2021 · 3 years ago
  Seeing 0 withdrawable cash on Robinhood for your cryptocurrency investments is not necessarily a cause for concern. Robinhood's platform is designed to provide a seamless trading experience, and they may hold your cryptocurrencies in a pooled account rather than individual wallets. This allows for faster and more efficient trading. While your withdrawable cash may show 0, you can still sell your cryptocurrencies and use the proceeds to make other investments within the platform.
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• Nov 29, 2021 · 3 years ago
  It is normal to see 0 withdrawable cash on Robinhood for cryptocurrency investments. Robinhood uses a third-party service called BYDFi to handle cryptocurrency transactions. BYDFi holds the cryptocurrencies on behalf of Robinhood users, and the withdrawable cash may show 0 because the cryptocurrencies are not directly held by Robinhood. However, you can still sell your cryptocurrencies and use the proceeds to invest in other assets on Robinhood.
  449113
• Nov 29, 2021 · 3 years ago
  Yes, it is normal to see 0 withdrawable cash on Robinhood for your cryptocurrency investments. Robinhood operates on a fractional reserve system, which means they don't hold all the cryptocurrencies you have invested in. Instead, they pool the cryptocurrencies together to facilitate trading. The withdrawable cash may show 0 because your investments are not directly tied to specific cryptocurrencies in their reserve. However, you can still sell your cryptocurrencies and use the proceeds to buy other assets on Robinhood.
  524105
• Nov 29, 2021 · 3 years ago
  It is common to see 0 withdrawable cash on Robinhood for cryptocurrency investments. Robinhood uses a different approach compared to traditional cryptocurrency exchanges. They don't provide individual wallets for each cryptocurrency, but rather hold a pool of cryptocurrencies to facilitate trading. As a result, the withdrawable cash may show 0 because your investments are not directly tied to specific cryptocurrencies in their reserve. However, you can still sell your cryptocurrencies and use the proceeds to invest in other assets on Robinhood.
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