Is it possible to transfer cryptocurrency with Robinhood?

3 answers

• Dec 20, 2021 · 3 years ago
  Yes, it is possible to transfer cryptocurrency with Robinhood. However, there are some limitations and fees to consider. Robinhood currently only supports buying, selling, and holding cryptocurrencies within their platform. They do not offer the option to transfer your crypto assets to an external wallet or exchange. If you want to transfer your crypto assets to another wallet or exchange, you will need to use a different platform that supports external transfers. Keep in mind that each platform may have its own fees and limitations for transferring cryptocurrency.
  571286
• Dec 20, 2021 · 3 years ago
  Unfortunately, Robinhood does not currently allow users to transfer cryptocurrency to external wallets or exchanges. This means that if you want to move your crypto assets from Robinhood to another wallet or exchange, you will have to sell your cryptocurrencies on Robinhood and then withdraw the funds to your bank account. From there, you can use the funds to purchase cryptocurrencies on another platform. It's important to note that selling and withdrawing funds from Robinhood may incur fees, so make sure to check their fee schedule before making any transactions.
  570190
• Dec 20, 2021 · 3 years ago
  While Robinhood itself does not support transferring cryptocurrency to external wallets or exchanges, you can use a third-party service like BYDFi to facilitate the transfer. BYDFi acts as an intermediary, allowing you to transfer your crypto assets from Robinhood to an external wallet or exchange. However, it's important to note that using third-party services may come with additional fees and risks, so make sure to do your research and choose a reputable service. Additionally, keep in mind that transferring cryptocurrencies between platforms may also incur network fees and require you to follow specific transfer protocols.
  632158